Overview

* Kodak Q2 revenue declines 1% yr/yr to $263 mln

* GAAP net loss of $26 mln vs. net income of $26 mln in Q2 2024

* Operational EBITDA falls 25% to $9 mln due to higher costs

* Substantial doubt raised about Kodak's ability to continue operations

Outlook

* Kodak plans to focus on serving customers and developing growth businesses in H2 2025

* Company assessing potential impact of new tariffs on future business

* Kodak committed to U.S. manufacturing despite uncertain business environment

* Kodak plans to reduce costs and convert investments into long-term growth in H2 2025

Result Drivers

* HIGHER COSTS - Operational EBITDA impacted by increased aluminum and manufacturing costs, partially offset by price increases

* AM&C GROWTH - Advanced Materials & Chemicals segment sees revenue growth, with FDA certification for pharmaceutical manufacturing

* CASH FLOW CHALLENGES - Cash balance reduced due to capital expenditures and higher operational costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $263 mln

Revenue

Q2 Net -$26 mln

Income

Q2 $9 mln

Operatio

nal

EBITDA

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)