Eastman Kodak Co (NYSE:KODK)
$ 7.03 0.58 (8.99%) Market Cap: 565.21 Mil Enterprise Value: 1.01 Bil PE Ratio: 9.90 PB Ratio: 0.58 GF Score: 54/100
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Q3 2024 Eastman Kodak Co Earnings Call Transcript

Nov 12, 2024 / 10:00 PM GMT
Release Date Price: $5.5 (-1.61%)

Key Points

Positve
  • Eastman Kodak Co (KODK) continues to invest in innovation, focusing on advanced materials, digital print, and battery technology.
  • The company received a favorable ruling from the ITC on plates tariffs, leveling the playing field for US manufacturers.
  • Film sales, particularly in motion picture and still film, have increased, showing commitment to this segment.
  • Eastman Kodak Co (KODK) is investing heavily in infrastructure, including the modernization of manufacturing facilities.
  • The company reported a net income increase to $18 million for the third quarter of 2024, compared to $2 million in the prior year quarter.
Negative
  • Revenues decreased by $8 million or 3% compared to the prior year quarter, reflecting ongoing challenges.
  • Gross profit decreased by $5 million or 10%, impacted by higher aluminum costs and inventory reserve adjustments.
  • Operational EBITA for the quarter was only $1 million, a significant decline from $12 million in the prior year quarter.
  • Higher manufacturing costs and litigation expenses negatively impacted financial performance.
  • Cash and cash equivalents decreased by $41 million from December 31, 2023, indicating cash flow challenges.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KODK.N - Eastman Kodak Co
Q3 2024 Eastman Kodak Co Earnings Call
Nov 12, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Eastman Cota third quarter, 2024 earnings conference call at this time. All participants are in a listen-only mode.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Anthony Redding.

Please go ahead.

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Unidentified_2 [2]
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Thank you and good afternoon everyone. I am Anthony Redding. Eastman. Kodak Company's Chief Compliance Officer. Welcome to Kodak's third quarter, 2024 earnings call at 4:15 p.m.
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