Earnings summaries and quarterly performance for EASTMAN KODAK.
Executive leadership at EASTMAN KODAK.
Jim Continenza
Detailed
Executive Chairman and Chief Executive Officer
CEO
David Bullwinkle
Detailed
Chief Financial Officer and Senior Vice President
Richard Michaels
Detailed
Chief Accounting Officer and Corporate Controller
Roger Byrd
Detailed
General Counsel, Secretary and Senior Vice President
Terry Taber
Detailed
Chief Technical Officer and Senior Vice President, Advanced Materials and Chemicals
Board of directors at EASTMAN KODAK.
Research analysts covering EASTMAN KODAK.
Recent press releases and 8-K filings for KODK.
Eastman Kodak Company Completes Pension Reversion Process
KODK
- Eastman Kodak Company completed the pension reversion process for $1.023 billion in excess pension assets from the Kodak Retirement Income Plan (KRIP).
- From the reversion, the company received $609 million in cash and $158 million in non-cash assets, using $312 million of the cash to reduce its term loan balance to $200 million.
- Kodak directed $251 million in investment assets and $5 million in cash to fully fund a new defined benefit plan, the Kodak Cash Balance Plan (KCBP), for current U.S.-based employees.
- After accounting for $153 million in excise taxes due by December 31, 2025, the company has $144 million in net cash already received, with an additional $100 million projected from investment assets by December 31, 2026.
2 days ago
Eastman Kodak Reports Strong Q3 2025 Results, Resolves Going Concern
KODK
Earnings
Revenue Acceleration/Inflection
Delisting/Listing Issues
- Eastman Kodak reported strong Q3 2025 financial results, with revenue increasing 3% year-over-year to $269 million and gross profit margin improving from 17% to 25%.
- The company successfully resolved its previously disclosed going concern issues by extending term loan maturity dates and securing $600 million in proceeds from a U.S. pension reversion process.
- The Advanced Materials and Chemicals segment was a key growth driver, with a 15% increase in revenue, offsetting a 3% decline in print revenues.
- These positive developments contributed to a 24% rise in Kodak's stock price following the earnings announcement.
Nov 7, 2025, 12:20 PM
Kodak Announces Q3 2025 Financial Results and Pension Plan Update
KODK
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Kodak reported Q3 2025 revenues of $269 million, a 3% increase from Q3 2024, with gross profit rising 51% to $68 million and the gross profit percentage improving from 17% to 25%.
- Operational EBITDA significantly increased to $29 million in Q3 2025, up 2800% from $1 million in Q3 2024.
- Expected proceeds from the U.S. pension plan overfunding have increased to $600 million, consisting of approximately $450 million in cash and $150 million in hedge funds, which will be used to de-lever the balance sheet by repaying term debt and other obligations.
- The company announced that the prior conditions requiring a cautionary disclosure about its ability to continue as a going concern have been fully resolved.
- The Advanced Materials and Chemicals (AM&C) segment's revenue grew 15% from the prior year quarter, and its cGMP pharma manufacturing facility is now certified to manufacture and sell regulated products.
Nov 6, 2025, 10:00 PM
Kodak Reports Strong Q3 2025 Results and Pension Reversion Details
KODK
Earnings
Debt Issuance
New Projects/Investments
- Eastman Kodak reported strong Q3 2025 financial results, with revenue of $269 million (up 3% year-over-year), gross profit of $68 million (up 51% year-over-year), and operational EBITDA of $29 million.
- The company expects to receive approximately $600 million from the U.S. pension plan over-funding, including $450 million in cash, which will be used to pay down $305 million of term loans, reducing the principal balance to approximately $200 million.
- Kodak anticipates ending 2025 with a cash balance exceeding $300 million, achieving a net cash positive position, and has resolved the prior conditions for a going concern disclosure.
- The Advanced Materials and Chemicals business saw revenues increase by 15% year-over-year, driven by investments in core competencies and a new CGMP pharmaceutical manufacturing facility.
Nov 6, 2025, 10:00 PM
Eastman Kodak Company Reports Q3 2025 Financial Results
KODK
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Eastman Kodak Company reported consolidated revenues of $269 million for Q3 2025, an increase of 3% compared to Q3 2024, with gross profit rising 51% to $68 million and Operational EBITDA significantly improving to $29 million.
- The company ended the quarter with a cash balance of $168 million, an increase of $13 million from June 30, 2025.
- The expected proceeds from the pension reversion transaction have increased from $500 million to $600 million, which will be used to reduce term debt to $200 million.
- Previously disclosed going concern conditions have been fully resolved.
Nov 6, 2025, 9:20 PM
Eastman Kodak Reports Strong Q3 2025 Profitability and Resolves Going Concern
KODK
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Eastman Kodak Company reported Q3 2025 consolidated revenues of $269 million, an increase of 3% compared to Q3 2024.
- The company achieved significant improvements in profitability, with gross profit increasing by 51% to $68 million and Operational EBITDA rising to $29 million in Q3 2025, up from $1 million in Q3 2024.
- The pension reversion transaction is proceeding on schedule, with expected proceeds increasing from $500 million to $600 million, which will be used to reduce debt and strengthen the balance sheet.
- Kodak's previously disclosed going concern conditions have been fully resolved.
- The company ended Q3 2025 with a cash balance of $168 million.
Nov 6, 2025, 9:15 PM
Eastman Kodak Co Initiates $100M ATM Equity Offering
KODK
- **On May 21, 2025, Eastman Kodak Co entered into an ATM Equity Offering Sales Agreement with BofA Securities to offer and potentially sell up to $100M in common stock for general corporate purposes.
- The offering, structured under the company’s effective shelf registration (filed on August 8, 2024), permits sales at prevailing market prices with BofA’s commission capped at 3% of the gross sales price.
May 21, 2025, 12:00 AM
Kodak Reports Q1 2025 Financial & Operational Results
KODK
Earnings
New Projects/Investments
- Kodak reported consolidated revenues of $247 million in Q1 2025, roughly flat with a slight 1% decline from Q1 2024 .
- On a U.S. GAAP basis, the company recorded a net loss of $7 million in Q1 2025, reversing last year’s $32 million net income due to higher expenses and increased costs .
- Operational EBITDA decreased to $2 million from $4 million last year, reflecting challenges from rising aluminum and manufacturing costs, partially offset by pricing improvements .
- The quarter-end cash balance stood at $158 million, a decline of $43 million from December 2024 .
- Kodak highlighted ongoing investments in its AM&C growth initiatives, including U.S.-based pharma and advanced materials expansion, along with progress on pension termination and credit agreement amendments .
May 8, 2025, 9:01 PM
Eastman Kodak Co Reports Q4 2024 Earnings Results
KODK
Earnings
New Projects/Investments
- Revenue declined slightly to $266 million in Q4 2024 versus $275 million a year earlier, while the gross profit margin improved from 17% to 19%, reflecting effective cost control and smart revenue management.
- Net income increased significantly to $26 million from $5 million in the prior-year quarter, and operational EBITDA improved from $2 million to $9 million, highlighting enhanced profitability.
- The company announced the termination of its KRIP pension plan, effective March 31, 2025, with plans to use reverted assets to reduce long-term debt, supporting the firm's balance sheet and future investments.
Mar 17, 2025, 9:01 PM
Kodak Reports Q4 2024 Financial Results
KODK
Earnings
- Q4 2024 Highlights: The company reported consolidated revenues of $266 million, a gross profit of $51 million, and a GAAP net income of $26 million, up from $5 million in Q4 2023, showing a significant turnaround with a 420% increase in net income.
- Operational Improvements: The release also noted an enhanced operational performance with operational EBITDA of $9 million (up from $2 million in Q4 2023) and improvement in gross profit margin, which are key metrics for assessing the company’s profitability.
Mar 17, 2025, 12:00 AM
Quarterly earnings call transcripts for EASTMAN KODAK.
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