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Stock impact report

Kodak Reports Second-Quarter 2024 Financial Results

Eastman Kodak Company Common New (KODK) 
US:NYSE Investor Relations: investor.kodak.com
Company Research Source: GlobeNewswire
ROCHESTER, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Eastman Kodak Company (NYSE: KODK) today reported financial results for the second quarter 2024. Second-quarter 2024 highlights include: Consolidated revenues of $267 million, compared with $295 million for Q2 2023, a decrease of $28 million or 9 percentGross profit of $58 million, compared with $63 million for Q2 2023, a decrease of $5 million or 8 percentGross profit percentage of 22 percent, compared with 21 percent for Q2 2023, an increase of 1 percentage pointGAAP net income of $26 million, compared with net income of $35 million for Q2 2023, a decrease of $9 million or 26 percentOperational EBITDA of $12 million, compared with $22 million for Q2 2023, a decrease of $10 million or 45 percentA quarter-end cash balance of $251 million, compared with $255 million on December 31, 2023, a decrease of $4 million “Our results for the second quarter were in line with our long-term strategic plan: we delivered a yea Show less Read more
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