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EASTMAN KODAK COMPANY - KODK STOCK NEWS

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Eastman Kodak Company (NYSE: KODK) is a renowned American technology company that has carved a niche in the imaging sector. Kodak provides a comprehensive range of products and services, including hardware, software, consumables, and services that cater to diverse markets such as graphic arts, commercial print, publishing, packaging, electronic displays, entertainment, and consumer products. The company operates through several business segments: Print, Brand, and Advanced Materials & Chemicals (AM&C).

The Print segment, which generates the majority of Kodak's revenue, offers an array of products like digital offset plate offerings, computer-to-plate imaging solutions, high-quality digital printing solutions using electrically charged toner-based technology, production press systems, consumables, inkjet components, software, and services. Kodak's global footprint spans across the United States, Canada, Europe, the Middle East and Africa, Asia Pacific, and Latin America.

Kodak's commitment to innovation is evident in its robust R&D capabilities and a portfolio of groundbreaking solutions designed to help businesses grow sustainably. The company's trusted brand and history of 79,000 patents over 130 years underscore its leadership in technology and science.

Recently, Kodak reported financial results for Q1 2024 and the full year 2023, showcasing a strong performance despite challenging business conditions. The company continues to focus on its long-term plan to invest in innovation, improve efficiency, and support customers' productivity and profitability. Notable achievements include the launch of the Kodak MiniShot ERA line in the USA and ongoing investments in manufacturing capacity for still and motion picture films.

Additionally, Kodak remains dedicated to environmental stewardship, developing sustainable solutions for print. The latest Kodak ERA products, which incorporate eco-friendly materials, are a testament to this commitment.

For more information about Kodak, visit kodak.com and follow on social media.

Rhea-AI Summary
KODK: Eastman Kodak Company reports Q3 2023 financial results, with consolidated revenues of $269 million, a decrease of 7% from Q3 2022. Gross profit increased by 16% to $50 million, with a 19% gross profit percentage. GAAP net income remained flat at $2 million. Operational EBITDA rose to $12 million, a 71% increase from Q3 2022. The quarter-end cash balance was $246 million, up $29 million from December 2022. Cash flow from operations improved by $151 million in the nine months ended September 30, 2023, compared to the prior-year period.
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Kodak will host its Third-Quarter 2023 Earnings call on November 8, 2023, at 5:00 pm ET. The call will be led by Executive Chairman and CEO James Continenza and CFO David Bullwinkle. They will discuss the financial results with analysts and investors. Conference details can be found at the provided registration URL.
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Eastman Kodak Company reported financial results for Q2 2023, with consolidated revenues of $295 million, a decrease of 8% compared to Q2 2022. Gross profit increased by 24% to $63 million, and GAAP net income rose to $35 million, an increase of $15 million. Operational EBITDA increased to $22 million, a $11 million improvement. The company's cash balance increased to $223 million, up $6 million from December 31, 2022.
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Kodak will host the Second-Quarter 2023 Earnings call on August 8, 2023, to discuss the financial results.
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EssilorLuxottica and Eastman Kodak have signed a perpetual worldwide license agreement, granting EssilorLuxottica exclusive rights to use the Kodak trademarks. Effective January 1, 2024, EssilorLuxottica will add the Kodak brand to its portfolio and develop it in all product categories. This agreement is expected to drive long-term growth for EssilorLuxottica.
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FAQ

What is the current stock price of EASTMAN KODAK COMPANY (KODK)?

The current stock price of EASTMAN KODAK COMPANY (KODK) is $6.85 as of December 20, 2024.

What is the market cap of EASTMAN KODAK COMPANY (KODK)?

The market cap of EASTMAN KODAK COMPANY (KODK) is approximately 554.0M.

What does Eastman Kodak Company do?

Kodak is a technology company specializing in imaging, offering hardware, software, consumables, and services to various markets including graphic arts, commercial print, publishing, packaging, electronic displays, entertainment, and consumer products.

What are Kodak's main business segments?

Kodak operates through three primary business segments: Print, Brand, and Advanced Materials & Chemicals (AM&C).

Where does Kodak generate its revenue from?

Kodak generates revenue from the United States, Canada, Europe, the Middle East and Africa, Asia Pacific, and Latin America.

What recent achievements has Kodak made?

Kodak has recently reported strong financial results for Q1 2024 and the full year 2023, launched the Kodak MiniShot ERA line, and made significant investments in manufacturing capacity for film production.

What is Kodak's commitment to sustainability?

Kodak is committed to environmental stewardship, developing sustainable solutions for print, and incorporating eco-friendly materials in its products.

How long has Kodak been in the industry?

Kodak has a rich history spanning over 130 years, during which it has earned 79,000 patents in technology and science.

What is Kodak's approach to research and development?

Kodak invests heavily in R&D to create innovative solutions that help businesses grow sustainably and improve operational efficiency.

Who are Kodak's primary customers?

Kodak's customers include businesses in graphic arts, commercial print, publishing, packaging, electronic displays, entertainment, and consumer products markets.

Where can I find more information about Kodak?

For more information, you can visit Kodak's official website at kodak.com.

How can I stay updated with Kodak's latest news?

You can follow Kodak on social media for the latest updates: kodak.com/go/followus.

EASTMAN KODAK COMPANY

NYSE:KODK

KODK Rankings

KODK Stock Data

553.96M
62.60M
22.13%
44.72%
6.63%
Specialty Business Services
Photographic Equipment & Supplies
Link
United States of America
ROCHESTER