Overview

* Kodak Q3 revenue rises 3% yr/yr to $269 mln, driven by AM&C segment growth

* Operational EBITDA jumps to $29 mln from $1 mln in Q3 2024

* Net income falls to $13 mln from $18 mln in Q3 2024

* Co says previously disclosed going concern conditions have been fully resolved

Outlook

* Kodak expects pension reversion proceeds to increase from $500 mln to $600 mln

* Company plans to use pension reversion proceeds to reduce debt and strengthen balance sheet

* Kodak's AM&C unit aims to expand product offerings in pharmaceutical manufacturing

Result Drivers

* AM&C GROWTH - AM&C segment revenues increased by 15% to $82 mln, driven by price increases and higher volumes in Industrial Film and Chemicals and Motion Picture

* PRINT SEGMENT - Print revenues decreased by 3% to $177 mln due to lower Prepress Solutions volume, but operational EBITDA improved due to price increases and cost management

* GROSS PROFIT IMPROVEMENT - Gross profit rose 51% to $68 mln, driven by price increases, higher volumes, and lower aluminum costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $269 mln

Revenue

Q3 Net $13 mln

Income

Q3 $29 mln

Operatio

nal

EBITDA

Press Release:

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(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.)