Improved Gross Profit
Gross profit improved to 19% for the fourth quarter of 2024, up from 17% in the fourth quarter of 2023.
Increased Net Income
Net income for the fourth quarter of 2024 was $26 million, compared to $5 million in the prior year quarter, showing an increase of $21 million.
AMC Business Growth
The Advanced Materials & Chemicals (AMC) segment showed ongoing profit and revenue growth with investments in growth initiatives and increased production capacity.
Commercial Print Division Success
The PROSPER 7000 Turbo Press showcased strong performance at trade shows, and a tariff petition process conclusion establishes a level playing field in the U.S. market.
Pension Plan Termination
The Board approved the termination of the Kodak Retirement Income Plan (KRIP) effective March 31, 2025, which is expected to reduce long-term debt and associated costs.