NYSE$KODK

Eastman Kodak Company · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Kodak reported positive net income and increased gross profit despite revenue decline.

Kodak reported a net income of $33 million for Q1 2023, a significant improvement compared to the net loss of $3 million in Q1 2022. The company's gross profit increased by 52% year-over-year, driven by pricing and operational efficiency improvements. However, consolidated revenues decreased by 4% to $278 million due to unfavorable foreign exchange impacts.

  • Kodak reported a net income of $33 million, a $36 million increase compared to Q1 2022.
  • Gross profit increased by 52% year-over-year, reaching $50 million.
  • The company's cash balance increased by $8 million, ending the quarter at $225 million.
  • Consolidated revenues decreased by 4% to $278 million.

Headline financials

Total Revenue

$278M

Previous: $290M-4.1%
EPS (adj)

$0.30

Previous: -$0.08+475.0%
Gross Profit Percentage

18.0%

No prior period
Capital Expenditures

-$5M

Previous: -$5M+0.0%
Free Cash Flow

$28M

Previous: -$8M+450.0%
Net Income

$33M

Previous: -$3M+1200.0%
Operating Income

$5M

Previous: -$19M+126.3%
Gross Profit

$50M

Previous: $33M+51.5%
Cash & Equivalents

$225M

Previous: $309M-27.2%
Total Assets

$2.32B

Previous: $2.19B+6.2%
Stock-Based Comp

$4M

Previous: $2M+100.0%

Revenue & EPS history

Kodak · Revenue · Quarterly

$278M

Q1 2023-4.1%vs Q1 2022

Revenue by segment

Kodak · $213M total across 2 segments · Q1 2023

  • Print
    $209M
  • Brand
    $4M+0.0%

Forward guidance

This document does not contain any forward guidance. Therefore, this object is empty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-3.2%

Avg return

Earnings day

-3.2%

Avg return

5 days after

+0.1%

Avg return

30 days after

39%

19 / 49 earnings

Positive

+32.9%

Q3 2025

Best reaction

-28.8%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-29.4%-37.6%
Q4 2025+1.3%+15.1%+75.5%
Q3 2025+32.9%+43.4%+50.3%
Q1 2025-19.9%-3.4%-13.3%
Q4 2024-6.4%-10.5%-12.6%
Q3 2024-17.9%-19.5%+20.2%
Q2 2024+1.0%+2.7%+1.7%
Q1 2024-2.1%+6.0%+21.7%
Q4 2023-9.2%-10.4%-10.9%
Q3 2023-0.5%-7.1%-2.4%
Q2 2023-10.4%-4.7%-22.1%
Q1 2023+1.8%+6.2%+55.0%
Q4 2022+9.4%+12.6%+7.0%
Q3 2022-24.1%-22.7%-31.6%
Q2 2022+4.6%+9.3%-14.7%
Q1 2022-20.4%-11.5%-0.2%
Q4 2021+7.5%+49.6%+49.4%
Q3 2021-3.4%+0.1%-21.5%
Q2 2021+1.3%+0.5%-2.3%
Q1 2021-10.4%-4.5%+28.5%
Q4 2020-11.0%-12.7%-23.8%
Q3 2020-0.7%+0.4%+49.7%
Q2 2020-9.4%-21.4%-44.7%
Q1 2020-13.9%-7.9%-8.2%
Q4 2019-15.9%-15.9%+12.2%
Q3 2019-5.6%-9.0%+0.7%
Q2 2019-7.8%-16.0%+0.0%
Q1 2019+3.3%+0.8%-7.5%
Q4 2018+1.0%-4.7%-17.2%
Q3 2018+14.7%+19.4%-5.6%
Q2 2018-3.1%-9.2%-10.8%
Q1 2018-5.5%-5.5%-5.5%
Q4 2017+10.9%+5.9%+3.0%
Q3 2017-28.8%-30.8%-36.5%
Q2 2017-10.3%-15.8%-20.7%
Q1 2017-6.6%-6.6%-4.3%
Q4 2016-10.1%-18.5%-18.9%
Q3 2016+1.4%+6.9%+13.4%
Q2 2016-3.6%-5.5%-9.5%
Q1 2016+4.2%
Q4 2015+5.2%
Q3 2015-8.5%
Q2 2015+9.3%
Q1 2015-7.2%
Q4 2014+6.4%
Q3 2014+8.4%
Q1 2014-5.5%
Q4 2013+1.2%
Q3 2013-2.6%
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q1 2009
Q4 2011
Q3 2011
Q2 2011
Q1 2010
Q1 2011
Q4 2008
Q4 2010
Q3 2010
Q3 2009
Q2 2010
Q4 2009
Q2 2009

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