Loading...
•
Sep 30, 2024
Kodak Q3 2024 Earnings Report
Kodak reported a net income of $18 million and revenues of $261 million, reflecting strategic investments and operational adjustments.
Key Takeaways
Kodak reported third-quarter 2024 financial results, featuring a decrease in revenue to $261 million but a significant increase in net income to $18 million. The company focused on strategic investments in growth areas like Advanced Materials & Chemicals and addressed industry dynamics through tariff initiatives.
Consolidated revenues reached $261 million, a 3% decrease compared to Q3 2023.
Gross profit totaled $45 million, reflecting a 10% decrease from the previous year.
GAAP net income significantly increased to $18 million, an 800% rise from Q3 2023.
The company ended the quarter with a cash balance of $214 million.
Forward Guidance
Kodak plans to invest in increasing operational efficiency and expanding manufacturing capacity to continue delivering reliable value to its customers.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...