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Eastman Kodak Company (KODK)
NYSE:KODK
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 24.55%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance with significant investments and strategic advancements, particularly in tariff decisions and income growth, but also highlighted declines in revenue, gross profit, and operational EBITDA, indicating ongoing challenges.Company Guidance
During the Eastman Kodak Third Quarter 2024 Earnings Conference Call, CEO James Continenza and CFO David Bullwinkle outlined several key financial metrics and strategic initiatives. Kodak reported third-quarter revenues of $261 million, a 3% decrease from the previous year's $269 million, and a gross profit margin of 17%, down from 19% in Q3 2023. Net income increased to $18 million from $2 million in the prior year, reflecting a boost of $16 million, despite a decrease in operational EBITDA to $1 million from $12 million. The decline in revenue and profitability was attributed to higher aluminum costs and inventory reserve adjustments. Kodak's ongoing investments in Advanced Materials & Chemicals (AMC), including film, chemicals, and battery technology, aim to drive future growth. The company also highlighted a significant tariff ruling, which leveled the competitive field for its U.S. manufacturing operations. Kodak ended the quarter with $214 million in cash and cash equivalents, reflecting strategic investments and working capital adjustments.ITC Plates Tariff Affirmative Decision
Kodak received an affirmative decision from the ITC on the plates tariff, ranging from 91.83% to 353.09%, allowing Kodak to compete on a level playing field without government interference in pricing.
Net Income Growth
Net income for the third quarter of 2024 increased to $18 million, up from $2 million in the prior year quarter, marking a growth of $16 million.
Advanced Materials & Chemicals Investments
Continued investment in Advanced Materials & Chemicals, including substrate coating for EVs, reagent facility build-out, and cGMP clean lab, driving productivity and growth.
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KODK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KODK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $5.50 | $4.59 | -16.55% |
| Aug 08, 2024 | $4.94 | $4.85 | -1.82% |
| May 09, 2024 | $4.73 | $4.56 | -3.59% |
| Mar 14, 2024 | $4.99 | $4.81 | -3.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eastman Kodak Company (KODK) report earnings?
Eastman Kodak Company (KODK) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Eastman Kodak Company (KODK) earnings time?
Eastman Kodak Company (KODK) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KODK EPS forecast?
Currently, no data Available
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