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Stock impact report

Kodak Reports Third-Quarter 2024 Financial Results

Eastman Kodak Company Common New (KODK) 
US:NYSE Investor Relations: investor.kodak.com
Company Research Source: GlobeNewswire
ROCHESTER, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Eastman Kodak Company (NYSE: KODK) today reported financial results for the third quarter 2024. Third-quarter 2024 highlights include: Consolidated revenues of $261 million, compared with $269 million for Q3 2023, a decrease of $8 million or 3 percentGross profit of $45 million, compared with $50 million for Q3 2023, a decrease of $5 million or 10 percentGross profit percentage of 17 percent, compared with 19 percent for Q3 2023, a decrease of 2 percentage pointsGAAP net income of $18 million, compared with net income of $2 million for Q3 2023, an increase of $16 million or 800 percentOperational EBITDA of $1 million, compared with $12 million for Q3 2023, a decrease of $11 million or 92 percentA quarter-end cash balance of $214 million, compared with $255 million on December 31, 2023, a decrease of $41 million “In the third quarter, Kodak continued to focus on the fundamentals of our long-term strategic plan: increasing op Show less Read more
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