Kodak Q1 2024 revenue down 10% to $249M; Operational EBITDA falls 56% to $4M

EASTMAN KODAK CO

2024-Q1 EPS reported $0.30 revenue$249,000,000

Revenue $249M, down 10% YoY from $278M; gross profit $49M, down 2%.
GAAP net income $32M, flat vs $33M; Operational EBITDA $4M, down 56% from $9M.
Cash balance $262M, up $7M from Dec 31, 2023, aided by $40M brand licensing proceeds.
Print segment revenue $182M (down 13%), AM&C $59M (down 3%).
Gross profit margin improved to 20% from 18% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EASTMAN KODAK CO reported first quarter 2024 results: revenue $249 million, net income $32 million.

Period: first quarter 2024
Revenue: $249 million
Net income: $32 million
Result: reported results

Exact text from the filing

May 9, 2024 – Eastman Kodak Company (NYSE: KODK) today reported financial results for the first quarter 2024. First-quarter 2024 highlights include: ● Consolidated revenues of $249 million, compared with $278 million for Q1 2023, a decrease of $29 million or 10 percent ● Gross profit of $49 million, compared with $50 million for Q1 2023, a decrease of $1 million or

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Source: SEC EDGAR

accession 0001437749-24-015688

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