Welcome to our dedicated page for Eastman Kodak news (Ticker: KODK), a resource for investors and traders seeking the latest updates and insights on Eastman Kodak stock.
Eastman Kodak Company (NYSE: KODK) regularly issues news and updates that reflect its focus on commercial print, advanced materials & chemicals, and key financial and strategic developments. The company’s news flow includes quarterly and annual financial results, pension-related transactions, manufacturing initiatives and collaborations that draw on its long-standing strengths in coating, materials science and chemical processes.
Investors following KODK news will find detailed earnings releases for each quarter, where Kodak reports segment performance for Print, Advanced Materials & Chemicals (AM&C) and Brand, along with metrics such as gross profit, GAAP net income or loss, and Operational EBITDA. These releases often include management commentary on operational efficiency, growth initiatives in AM&C, trends in the print business and updates on liquidity and balance sheet structure.
Kodak’s news also covers capital structure and pension developments, including the termination of the Kodak Retirement Income Plan (KRIP), the use of annuity contracts and lump-sum payments to settle obligations, and the subsequent pension reversion that provided cash and investment assets to the company. Press releases describe how these proceeds are allocated between the new Kodak Cash Balance Plan and debt reduction, and how management views the impact on interest expense and financial flexibility.
Beyond financial and pension updates, Kodak publishes news about advanced materials and technology collaborations, such as its work with Ateios Systems on high-speed, solvent-free electrode production for lithium-ion batteries, and about brand and sponsorship activities, including support for the USA Bobsled/Skeleton team. Together, these items give readers insight into how Kodak applies its manufacturing and materials expertise across print, pharmaceuticals, energy storage and branded partnerships.
This news page aggregates such releases so readers can review Kodak’s latest financial disclosures, strategic initiatives and segment developments in one place.
Kodak will host its Fourth-Quarter 2021 and Full Year Earnings call on Tuesday, March 15, 2022 at 5:00 pm ET. The call will feature Executive Chairman and CEO James Continenza and CFO David Bullwinkle, discussing the company's financial results. Investors and analysts can participate via a toll-free dial-in number (877) 359-9508 or through a toll line at (224) 357-2393, using conference ID 7674058. A webcast link is also available for remote participants: Webcast Link.
Faraday Future Intelligent Electric Inc. (FFIE) has appointed Becky Roof as interim Chief Financial Officer, replacing Walter McBride due to health issues. The company engages AlixPartners to implement recommendations from its Special Committee to enhance financial controls. Roof brings extensive experience, having served as interim CFO for various firms, including Lordstown Motors (RIDE) and Eastman Kodak Company (KODK). FFIE's Audit Committee aims to expedite the filing of its third quarter 2021 Form 10-Q.
Eastman Kodak Company (NYSE: KODK) reported third-quarter 2021 consolidated revenues of $287 million, reflecting a $35 million increase from the prior year. The company achieved a GAAP net income of $8 million, a significant recovery from a net loss of $445 million in Q3 2020. Key product areas such as SONORA Process Free Plates and PROSPER annuities saw growth of 35% and 17%, respectively. Kodak's cash balance rose to $380 million, an increase of $184 million since December 2020. CEO Jim Continenza expressed confidence in Kodak's strategic direction despite ongoing supply chain challenges.
Kodak will hold its Third-Quarter 2021 Earnings Call on November 9, 2021, at 5:00 pm ET. The call will be led by Executive Chairman James Continenza and CFO David Bullwinkle, discussing financial results with analysts and investors. For participation, dial toll-free (877) 359-9508 or (224) 357-2393 with Conference ID 9696207. Investors can also join via the webcast at here.
Eastman Kodak Company (NYSE: KODK) reported Q2 2021 financial results with consolidated revenues of $291 million, up $78 million year-over-year. The company posted a GAAP net income of $16 million, a turnaround from a net loss of $5 million in Q2 2020. Operational EBITDA improved to $10 million from negative $7 million year-over-year. Kodak ended Q2 with a cash balance of $395 million, reflecting a $199 million increase from the previous period.
CEO Jim Continenza noted that these results showcase Kodak's strategic focus on core competencies and long-term growth.
Kodak will host its Second-Quarter 2021 Earnings Call on August 10, 2021, at 5:00 pm ET. CEO James Continenza and CFO David Bullwinkle will discuss the company's financial results with analysts and investors. Participants can join via phone or through a webcast. For dial-in, the toll-free number is (877) 359-9508 and the toll number is (224) 357-2393 with Conference ID 9686447.
Eastman Kodak Company (NYSE:KODK) responded to the New York Attorney General's request for testimony and documents, clarifying that it had previously offered compliance. Kodak asserts that CEO Continenza’s stock purchase was pre-approved during an open trading window, in line with insider trading policies. Kodak challenges the Attorney General’s legal theory, arguing it could impair executive investment in their companies. The company maintains confidence in its legal standing and prepares for potential court proceedings.
Eastman Kodak Company (NYSE: KODK) reported first quarter 2021 results with consolidated revenues of $265 million and a GAAP net income of $6 million, a significant improvement from a net loss of $111 million in the prior year. The company ended the quarter with a cash balance of $401 million, up from $196 million at the end of 2020. Key segments showed growth, with SONORA Process Free Plates volume increasing by 8% and PROSPER annuities rising by 12% year-over-year. Kodak's financial strategies have established a solid foundation for long-term growth.
Kodak will conduct its First-Quarter 2021 Earnings Call on May 12, 2021, at 5:00 PM ET, featuring Executive Chairman James Continenza and CFO David Bullwinkle. The call aims to discuss the financial results with analysts and investors. Participants can dial in using the toll-free number (877) 359-9508 or the toll number (224) 357-2393, entering Conference ID 3539148. A webcast will also be available at this link.
Eastman Kodak has acquired ECRM Incorporated's CTP device business, a key player in the graphic arts sector. This acquisition includes equipment, contracts, inventory, and intellectual property, though financial terms remain undisclosed. Kodak aims to consolidate its position in the CTP segment of commercial printing and enhance its service offerings to customers. Kodak's CEO emphasized the strategic importance of this deal, aligning with their commitment to growth in the printing industry.