Eastman Kodak Company ( (KODK) ) has released its Q1 earnings. Here is a breakdown of the information Eastman Kodak Company presented to its investors.
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Eastman Kodak Company, a prominent player in the commercial print and advanced materials & chemicals industry, is known for its innovative products and commitment to environmental sustainability. With a rich history of over 130 years, Kodak continues to leverage its technological expertise to enhance visual and creative solutions worldwide.
In its first-quarter 2025 financial results, Kodak reported consolidated revenues of $247 million, a slight decrease from the previous year. The company faced a net loss of $7 million, contrasting with a net income of $32 million in the same period last year. Despite these challenges, Kodak remains focused on its long-term strategic initiatives.
Key financial metrics revealed a decrease in gross profit by 6% to $46 million, and operational EBITDA fell by 50% to $2 million. The decline was attributed to higher aluminum and manufacturing costs, partially offset by price increases and volume improvements. The Advanced Materials & Chemicals unit showed growth, with a revenue increase of $15 million compared to the previous year.
The company ended the quarter with a cash balance of $158 million, down from $201 million at the end of 2024. This decrease was primarily due to capital expenditures for growth initiatives and increased investment in inventory. Kodak continues to invest in operational efficiency and new business development, aiming to optimize business processes and drive future growth.
Looking ahead, Kodak’s management remains committed to executing its long-term plan amidst an uncertain business environment. The company plans to continue investing in U.S.-based manufacturing and developing new businesses, particularly in the Advanced Materials & Chemicals sector, to enhance profitability and sustain growth.