Eastman Kodak Stock Price, News & Analysis

Eastman Kodak Company (NYSE: KODK) is described in its public disclosures as a leading global manufacturer focused on commercial print and advanced materials & chemicals. The company highlights a long history in research and development, noting that it has earned 79,000 worldwide patents over more than 130 years of R&D. Kodak emphasizes the use of technology and science to enhance what the world sees and creates, and positions itself as a partner for commercial printers and customers that rely on specialized materials and chemical expertise.

According to its segment reporting and company statements, Kodak operates through key reportable segments that include Print, Advanced Materials & Chemicals (AM&C), and Brand. The Print segment is associated with commercial print activities. The AM&C segment focuses on advanced materials and chemical products, and the Brand segment reflects revenue associated with the Kodak brand. Kodak also notes that its Eastman Business Park segment is not a reportable segment and is excluded from segment tables in its financial releases.

The company describes itself as being committed to environmental stewardship, including what it calls industry leadership in developing sustainable solutions for print. In its public "About Kodak" descriptions, it also refers to its products as innovative and award-winning, and states that a customer-first approach helps make it a partner of choice for commercial printers worldwide. These statements frame Kodak’s strategic focus on commercial print technology and advanced materials and chemicals as core to its identity.

Business Segments and Operations

Kodak’s financial reporting breaks out performance by segment. The Print segment is a major revenue contributor, and management commentary in quarterly and annual results frequently refers to the company’s print business and its efforts to generate what it calls “smart revenue” in Print to support stronger profitability. The company also notes that it manufactures lithographic printing plates and has discussed the impact of tariffs and trade matters on the plates market in connection with its print operations.

The Advanced Materials & Chemicals (AM&C) segment is a central part of Kodak’s long-term plan. Management commentary describes AM&C as leveraging Kodak’s strengths in layering, coating and chemicals to drive growth and develop new businesses. Kodak has highlighted a cGMP pharmaceutical manufacturing facility within AM&C that is registered with the U.S. Food and Drug Administration and certified to manufacture and sell regulated pharmaceutical products. The company has discussed using this facility for products such as phosphate buffered saline (PBS) for laboratory use and as a bridge to manufacturing more sophisticated specialty products.

The Brand segment contributes revenue associated with the Kodak brand, and Kodak has reported brand licensing cash proceeds in its financial commentary. Across its segments, the company uses Operational EBITDA as a segment measure of profit and loss, defining it as an adjusted earnings measure that excludes items such as income taxes, non-service pension components, depreciation and amortization, restructuring costs and other specified items.

Commercial Print Focus

In multiple press releases, Kodak describes itself as a global manufacturer focused on commercial print. The company states that its products and services make it a partner of choice for commercial printers. It also notes that it manufactures a wide range of products in the United States, including lithographic printing plates, photographic and industrial films, and inkjet presses and inks, and that it is the last remaining U.S. manufacturer of lithographic printing plates. Kodak has referenced participation in industry events such as the Hunkeler Innovationdays tradeshow, where it featured live demonstrations of its inkjet press technology.

Kodak’s public statements indicate that it focuses on increasing operational efficiency in its print business, shedding unprofitable business and investing in growth initiatives. Management has also referred to tariff-related proceedings with the U.S. International Trade Commission in the context of the plates market, stating that these actions have improved predictability for Kodak and its customers and contributed to what it calls fair competition in that market.

Advanced Materials, Chemicals and New Applications

The AM&C segment is presented as a growth area. Kodak reports that AM&C has delivered revenue and Operational EBITDA growth in several recent periods, driven by price increases and higher volumes in areas such as Industrial Film and Chemicals and Motion Picture. The company has also highlighted its AM&C group’s cGMP pharmaceutical manufacturing facility, which it says is registered with the FDA and certified to manufacture and sell regulated pharmaceutical products, expanding its existing business in unregulated pharmaceutical products.

In collaboration announcements, Kodak has described how its high-precision coating and materials science capabilities support applications beyond traditional print. For example, in a joint press release with Ateios Systems, Kodak’s role is described as contributing expertise in mass production with multilayer precision, in-line quality scanning, and supply chain security for high-speed, solvent-free electrode production for lithium-ion batteries. Kodak’s pilot and full-scale production lines are described in that context as supporting high-speed coating and significant electrode capacity, reflecting the application of Kodak’s coating and materials know-how to energy storage markets.

Geographic and Manufacturing Footprint

Kodak’s historical business description notes that it is a United States-based company and that it generates revenue from regions including the United States, Canada, Europe, the Middle East and Africa, Asia Pacific and Latin America. In more recent commentary, the company emphasizes its commitment to U.S.-based manufacturing, stating that it manufactures a wide range of products in the United States, including lithographic printing plates, photographic and industrial films, inkjet presses and inks, and pharmaceutical key starting ingredients. Kodak links this manufacturing base to goals such as providing high quality, more reliable supply and reducing environmental impact.

Capital Structure, Pension Reversion and Balance Sheet

Kodak’s recent SEC filings and press releases describe a significant pension reversion transaction related to the Kodak Retirement Income Plan (KRIP). The Board of Directors approved the termination of KRIP effective March 31, 2025. Subsequent filings and news releases explain that the company entered into a commitment agreement to purchase a group annuity contract to transfer pension obligations, made lump-sum payments to certain participants, and transferred remaining liabilities for missing participants to the Pension Benefit Guaranty Corporation’s missing participant program.

In an 8-K dated December 2, 2025 and a related press release, Kodak reports that it completed the pension reversion process, stating that all pension obligations under KRIP have been fully settled and that excess pension assets reverted to the company. The company describes the composition of these reversion assets and notes that a portion was directed to a new Kodak Cash Balance Plan for current U.S.-based employees, which it says will provide substantially the same benefits as the cash balance feature of KRIP for the foreseeable future without additional cash cost to the company.

Kodak also reports that a substantial portion of the cash proceeds from the pension reversion was used to prepay term loans, reducing the remaining principal balance of its term loans. Management commentary links this transaction to strengthening the company’s balance sheet, lowering interest expense and improving liquidity. In a third-quarter 2025 financial results release, Kodak states that previously disclosed going concern conditions under U.S. GAAP have been fully resolved, and refers readers to the going concern subsection of its Form 10-Q for additional information.

Financial Reporting and Non-GAAP Measures

Kodak provides detailed quarterly and annual financial information, including revenues, gross profit, GAAP net income or loss, and Operational EBITDA. The company defines Operational EBITDA as earnings or loss from continuing operations excluding specified items such as income taxes, non-service pension income, depreciation and amortization, restructuring costs and other, consulting and other costs, stock-based compensation, idle costs, interest expense and other charges or income. Kodak also presents revenues and Operational EBITDA on a constant currency basis, explaining that constant currency comparisons are calculated using prior-period average foreign exchange rates.

In its cautionary statements, Kodak discusses a range of risk factors that could affect its results, including the ability to improve and sustain its operating structure, cash flow and profitability; access to financing; foreign exchange, commodity, interest rate and tariff changes; global economic conditions; competition; supply chain risks; compliance with credit facility covenants; technology and industry trends; strategic transactions; legal and legacy claims; and potential impacts from force majeure events and cyber-attacks or IT outages. These disclosures are referenced in the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Brand, Partnerships and Sponsorships

Kodak continues to use and promote its iconic yellow and red logo and brand. The company’s Brand segment captures revenue associated with the Kodak name, and Kodak has reported cash proceeds from brand licensing. In a sponsorship announcement, Kodak describes its support of the USA Bobsled/Skeleton four-man bobsled team, noting that the new state-of-the-art bobsled features the Kodak logo. The company connects this sponsorship to its history with global sport, including a long relationship with the Olympic Games and references to historic bobsled achievements involving Kodak engineers.

Kodak’s collaboration with Ateios Systems on high-speed, solvent-free electrode production is another example of how the company presents its brand and technical capabilities in partnership contexts. In that joint release, Kodak’s role is framed around its legacy in high-precision coating and materials science and its ability to support production lines capable of high-speed, multilayer coating with in-line quality scanning and secure supply chains.

Environmental and Sustainability Focus

In its standard “About Kodak” language, the company states that it is committed to environmental stewardship and refers to what it describes as industry leadership in developing sustainable solutions for print. In the Ateios collaboration announcement, Kodak’s work is presented in the context of reducing energy consumption, eliminating certain chemicals and enabling recycling-ready designs in electrode manufacturing, which aligns with broader themes of sustainability and environmental impact in materials and manufacturing.

Stock Information and Investor Communications

Kodak’s common stock trades on the New York Stock Exchange under the symbol KODK. The company regularly issues press releases describing its quarterly and annual financial results, and it hosts earnings conference calls with financial analysts and investors. These calls are typically led by the Executive Chairman and Chief Executive Officer and the Chief Financial Officer, and are accompanied by webcasts accessible to interested parties.

In addition to earnings releases, Kodak files Current Reports on Form 8-K to disclose material events, such as the entry into material definitive agreements related to pension transactions, completion of asset dispositions related to pension obligations, retirement of senior executives, and the issuance of financial results press releases. These filings provide further detail on transactions and events that affect the company’s financial position and operations.

Positioning Within Manufacturing and Technology

Across its public communications, Kodak presents itself as a manufacturing-focused company that combines commercial print capabilities with advanced materials and chemicals expertise. The company emphasizes its long history of research and development, its patent portfolio, and its use of technology and science to support visual and creative applications. It also underscores its commitment to U.S.-based manufacturing and environmental stewardship, and highlights growth initiatives in areas such as pharmaceutical manufacturing and high-precision coated materials for applications like batteries.

For investors and observers, Kodak’s disclosures provide insight into how the company views its core businesses, growth opportunities in advanced materials and chemicals, and efforts to strengthen its balance sheet through actions such as the pension reversion and debt reduction. The company’s segment reporting, non-GAAP measures and risk disclosures in SEC filings offer additional context for understanding its financial performance and strategic priorities.