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Dec 31, 2024
Kodak Q4 2024 Earnings Report
Kodak reported a significant improvement in profitability for Q4 2024, driven by higher gross margins and operational efficiency.
Key Takeaways
Kodak's Q4 2024 revenue decreased by 3% year-over-year to $266 million, but the company achieved a substantial improvement in profitability. Net income surged to $26 million from $5 million, while operational EBITDA rose from $2 million to $9 million. The gross profit margin expanded to 19%, reflecting cost optimizations. Kodak remains focused on growth initiatives, including its pharmaceutical manufacturing expansion and digital print innovations.
Revenue declined 3% year-over-year to $266 million in Q4 2024.
Net income increased significantly to $26 million, up from $5 million in Q4 2023.
Operational EBITDA surged to $9 million, marking a 350% increase.
Gross profit margin improved to 19%, reflecting operational efficiencies.
Forward Guidance
Kodak expects continued investments in growth initiatives, particularly in its pharmaceutical and digital print businesses, with an emphasis on improving profitability.
Positive Outlook
- Expansion in pharmaceutical manufacturing with a new cGMP facility.
- Growing demand for Kodak's film and print businesses.
- Operational efficiencies leading to improved gross profit margins.
- Investments in digital print innovation, including the PROSPER 7000 Turbo Press.
- Financial stability with a strong cash position of $201 million.
Challenges Ahead
- Revenue decline in the print division due to competitive pressures.
- Higher manufacturing costs impacting profitability in some areas.
- Ongoing restructuring and investment expenses affecting short-term margins.
- Potential macroeconomic risks, including inflation and supply chain disruptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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