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Jun 30, 2024
Kodak Q2 2024 Earnings Report
Kodak reported results in line with their long-term strategic plan, delivering a year-over-year increase in gross profit percentage despite a decline in revenue.
Key Takeaways
Kodak reported a decrease in revenue and net income for Q2 2024 compared to Q2 2023. However, the gross profit percentage increased. The company is investing in its Advanced Materials & Chemicals group and seeing results in growing revenue in key product areas.
Consolidated revenues were $267 million, a decrease of 9 percent compared to Q2 2023.
GAAP net income was $26 million, a decrease of 26 percent compared to Q2 2023.
Gross profit was $58 million, a decrease of 8 percent compared to Q2 2023.
The quarter-end cash balance was $251 million, a decrease of $4 million from December 31, 2023.
Kodak
Kodak
Kodak Revenue by Segment
Revenue by Segment
Print Revenue
CapyFin.comAdvanced Materials & Chemicals Revenue
CapyFin.comBrand Revenue
CapyFin.com Forward Guidance
Kodak plans to continue to focus on streamlining operations, investing in new products and businesses, and helping customers stay productive and profitable in the second half of the year.
Positive Outlook
- Streamlining operations
- Investing in new products
- Investing in new businesses
- Helping customers stay productive
- Helping customers be profitable
Challenges Ahead
- No specific negative guidance was provided in the earnings report.
- No specific negative guidance was provided in the earnings report.
- No specific negative guidance was provided in the earnings report.
- No specific negative guidance was provided in the earnings report.
- No specific negative guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income