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Eastman Kodak Company (KODK) investor relations material
Eastman Kodak Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $269 million, up 3% year-over-year, with gross profit margin rising to 25% from 17% in Q3 2024.
Operational EBITDA surged to $29 million from $1 million a year ago, driven by price increases, higher volumes, and cost efficiencies.
Net income for Q3 2025 was $13 million, down from $18 million in Q3 2024; adjusted net income was $16 million.
Pension plan reversion transaction is expected to deliver $600 million in proceeds, strengthening the balance sheet and enabling debt reduction.
All prior going concern disclosures have been resolved and are no longer required.
Financial highlights
Q3 2025 gross profit was $68 million, up $23 million year-over-year; gross margin improved to 25%.
Year-to-date 2025 revenue was $779 million, nearly flat year-over-year; gross profit up 9% to $165 million.
Operational EBITDA for Q3 2025 was $29 million, up $28 million year-over-year; year-to-date operational EBITDA was $40 million, up 135%.
Q3 2025 net income: $13 million; nine-month net loss: $20 million, mainly due to lower pension income.
Quarter-end cash balance was $168 million, up $13 million sequentially but down $33 million from year-end 2024.
Outlook and guidance
Management expects to remain net cash positive after pension reversion and debt repayment.
Continued investment in Advanced Materials & Chemicals and growth initiatives, including certified pharmaceutical manufacturing.
Ongoing focus on operational efficiencies, margin improvement, and deleveraging the balance sheet.
Restructuring actions in 2025 are expected to generate $17 million in annual savings.
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