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.
Eastman Kodak Company (NYSE: KODK) reported full-year 2020 consolidated revenues of $1 billion, down $213 million from 2019. The year-end cash balance was $196 million, a decrease from $233 million in 2019. Kodak faced a GAAP net loss of $541 million, driven by a $416 million derivative liability charge. Despite challenges, the company increased cash in the second half of the year and announced financial transactions to enhance liquidity and support growth in core businesses. Operational EBITDA was negative $1 million, compared to $13 million in 2019.
Kodak will host its Fourth-Quarter and Full Year 2020 Earnings Conference Call on March 16, 2021, at 5:00 pm ET. Executive Chairman James Continenza and CFO David Bullwinkle will discuss the financial results with analysts and investors. Interested parties can join via two dial-in numbers: (877) 359-9508 for toll-free and (224) 357-2393 for toll. The conference ID is 4381706. A webcast of the call will also be available at this link.
Dealmed has entered into a licensing agreement with Eastman Kodak Company (NYSE: KODK) to produce and distribute infrared thermometers. This partnership bolsters Dealmed's product offerings and leverages its established supply chains. The thermometers, designed for non-contact temperature readings with high accuracy, will be available in the United States and South America. Kodak aims to enhance its presence in the medical equipment market through this collaboration, ensuring high-quality standards are maintained.
Eastman Kodak Company (NYSE: KODK) reported Q3 2020 financial results with consolidated revenues of $252 million, down $63 million year-over-year. The company achieved a cash balance of $193 million, increasing by $13 million over Q2 2020. Kodak converted its $100 million secured convertible notes into common stock, decreasing its debt. Despite improved revenue from Q2, Kodak posted a net loss of $445 million due to a $416 million charge related to the convertible notes. Operational EBITDA was negative $1 million.
Kodak will host its Third-Quarter 2020 Earnings Conference Call on November 10, 2020, at 5:00 pm ET. Executive Chairman James Continenza and CFO David Bullwinkle will discuss financial results with analysts and investors. Participants can dial in via toll-free number 877-359-9508 or toll number 224-357-2393, using passcode 7172977. The call will also be available via webcast at this link. This earnings call is crucial for shareholders to evaluate the company's performance in Q3 2020.