Eastman Kodak Company ( (KODK) ) has released its Q4 earnings. Here is a breakdown of the information Eastman Kodak Company presented to its investors.
Eastman Kodak Company, a prominent player in the commercial print and advanced materials & chemicals sectors, is renowned for its technological innovations and commitment to sustainable solutions in the printing industry. In its latest earnings report, Kodak announced a mixed financial performance for the fourth quarter and full year 2024. The company reported a decrease in consolidated revenues to $266 million for Q4 2024, down from $275 million in the same period the previous year, yet achieved a significant increase in net income to $26 million from $5 million. For the full year, revenues fell by 7% to $1.043 billion, while net income rose by 36% to $102 million. Despite the revenue decline, Kodak’s gross profit percentage remained steady at 19%, and the company ended the year with a cash balance of $201 million, reflecting ongoing investments in growth initiatives. Notably, Kodak’s Advanced Materials & Chemicals segment showed revenue growth, contributing positively to the company’s operational EBITDA, which increased in Q4 but decreased for the full year due to higher costs and lower volumes. Looking ahead, Kodak’s management remains focused on enhancing operational efficiency and investing in strategic growth areas, such as its new pharmaceutical manufacturing facility and expanding its film business capacity. The company aims to leverage these investments to drive long-term returns and maintain its competitive edge in the industry.