Welcome to our dedicated page for Eastman Kodak news (Ticker: KODK), a resource for investors and traders seeking the latest updates and insights on Eastman Kodak stock.
Eastman Kodak Company (NYSE: KODK) regularly issues news and updates that reflect its focus on commercial print, advanced materials & chemicals, and key financial and strategic developments. The company’s news flow includes quarterly and annual financial results, pension-related transactions, manufacturing initiatives and collaborations that draw on its long-standing strengths in coating, materials science and chemical processes.
Investors following KODK news will find detailed earnings releases for each quarter, where Kodak reports segment performance for Print, Advanced Materials & Chemicals (AM&C) and Brand, along with metrics such as gross profit, GAAP net income or loss, and Operational EBITDA. These releases often include management commentary on operational efficiency, growth initiatives in AM&C, trends in the print business and updates on liquidity and balance sheet structure.
Kodak’s news also covers capital structure and pension developments, including the termination of the Kodak Retirement Income Plan (KRIP), the use of annuity contracts and lump-sum payments to settle obligations, and the subsequent pension reversion that provided cash and investment assets to the company. Press releases describe how these proceeds are allocated between the new Kodak Cash Balance Plan and debt reduction, and how management views the impact on interest expense and financial flexibility.
Beyond financial and pension updates, Kodak publishes news about advanced materials and technology collaborations, such as its work with Ateios Systems on high-speed, solvent-free electrode production for lithium-ion batteries, and about brand and sponsorship activities, including support for the USA Bobsled/Skeleton team. Together, these items give readers insight into how Kodak applies its manufacturing and materials expertise across print, pharmaceuticals, energy storage and branded partnerships.
This news page aggregates such releases so readers can review Kodak’s latest financial disclosures, strategic initiatives and segment developments in one place.
Kodak (NYSE: KODK) has reported its Q4 and full-year 2024 financial results. Q4 2024 showed mixed performance with revenues of $266M (down 3% YoY), but improved gross profit of $51M (up 9%) and net income of $26M (up 420%).
Full-year 2024 results revealed: revenues of $1.043B (down 7% YoY), gross profit of $203M (down 3%), net income of $102M (up 36%), and Operational EBITDA of $26M (down 42%). The company's cash position decreased to $201M from $255M year-over-year.
Key developments include the planned termination of Kodak Retirement Income Plan by March 31, 2025, and ongoing investments in growth initiatives, particularly in the AM&C group's new cGMP facility for pharmaceutical products. The film business continues to expand, with additional capacity investments planned to meet demand.
Eastman Kodak (KODK) has scheduled its Fourth-Quarter and Year End 2024 earnings conference call for March 17, 2025 at 5:00 pm ET. The call will be led by Executive Chairman and CEO James Continenza alongside CFO David Bullwinkle, who will discuss the company's financial results with analysts and investors.
Kodak (NYSE: KODK) celebrated a significant triumph at the 97th Academy Awards as films shot on KODAK film dominated the ceremony, winning 10 awards across 23 categories. Anora, shot on 35mm, claimed five awards including Best Picture and Best Director. The Brutalist, filmed using multiple formats including 35mm VistaVision, won three Oscars including Best Cinematography.
Notable wins also included I'm Still Here for Best International Feature Film and I'm Not a Robot for Best Live Action Short, both captured on KODAK film formats. Remarkably, all these award-winning productions were completed with budgets under $10 million, demonstrating the accessibility of film-based production.
Kodak (NYSE: KODK) reported Q3 2024 financial results with consolidated revenues of $261 million, down 3% from Q3 2023. The company posted GAAP net income of $18 million, an 800% increase from $2 million in Q3 2023. However, Operational EBITDA decreased 92% to $1 million, primarily due to higher manufacturing costs and aluminum prices. The quarter-end cash balance was $214 million, down $41 million from December 31, 2023. The Advanced Materials & Chemicals group showed growth, while the Print segment experienced revenue decline. The company continues to invest in growth initiatives, including a cGMP facility for pharmaceutical ingredients.
Kodak will host its Third-Quarter 2024 Earnings call on Tuesday, November 12, 2024, at 5:00 pm ET. Executive Chairman and CEO James Continenza, along with CFO David Bullwinkle, will discuss the financial results with analysts and investors.
For audio conference details, visit: register here.
Eastman Kodak Company (NYSE: KODK) reported its Q2 2024 financial results, showing mixed performance. Consolidated revenues decreased by 9% to $267 million, while gross profit fell 8% to $58 million. However, the gross profit percentage increased by 1 percentage point to 22%. GAAP net income declined 26% to $26 million, and Operational EBITDA decreased 45% to $12 million. The company's cash balance stood at $251 million, down $4 million from December 31, 2023.
Despite revenue decline, Kodak achieved a year-over-year increase in gross profit percentage for the seventh consecutive quarter. The company continues to invest in its Advanced Materials & Chemicals group and is seeing revenue growth in key product areas. Kodak's cGMP facility for manufacturing diagnostic test reagents is scheduled to begin production in 2025.
Eastman Kodak Company (NYSE: KODK) has announced its upcoming Second-Quarter 2024 Earnings Conference Call, scheduled for Thursday, August 8th, 2024, at 5:00 PM ET. The call will be hosted by Executive Chairman and CEO James Continenza and CFO David Bullwinkle, who will discuss the company's financial results with analysts and investors. This event provides an opportunity for stakeholders to gain insights into Kodak's performance and future outlook. Interested parties can register for the audio conference through the provided URL.
Kodak's photo printer, produced by Prinics, has achieved global bestseller status on Amazon. Utilizing Prinics' proprietary 4PASS printing technology, these printers offer convenient all-in-one cartridges and are available in 21 countries. As of May 27, 2024, nine Kodak photo printer products have been recognized as bestsellers on Amazon and Walmart in seven countries. The 3-inch Kodak Mini Shot 3 instant camera and the 6-inch Kodak Dock Plus photo printer have particularly stood out, with the latter maintaining its bestseller position for five years.
Kodak recently launched the ERA lineup, expanding their product range to include the world's first 4-inch square instant camera (Kodak Mini Shot 4 ERA), a 1-inch camera (Memo Shot ERA), and a 0.5-inch printer (Memo Label ERA). Prinics' representative emphasized their commitment to customer satisfaction and continuous innovation. Kodak is known for its commercial print and advanced materials expertise, backed by 79,000 patents and a focus on sustainable solutions.
Eastman Kodak Company (NYSE: KODK) reported financial results for Q1 2024, with consolidated revenues of $249 million, a decrease of 10% from Q1 2023. Gross profit was $49 million, a 2% decrease. GAAP net income was $32 million, down 3%. Operational EBITDA was $4 million, a 56% decrease. Kodak's cash balance increased to $262 million. The company highlighted investments in print and advanced materials and chemicals to drive growth.
Kodak will host the First-Quarter 2024 Earnings call on Thursday, May 9th, 2024, with Executive Chairman and CEO James Continenza and CFO David Bullwinkle. The conference aims to discuss the financial results with analysts and investors.
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