Kodak Q3 2024 Earnings Report
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.
Kodak
Kodak
Forward Guidance
Kodak plans to invest in increasing operational efficiency and expanding manufacturing capacity to continue delivering reliable value to its customers.