NYSE$KODK

Eastman Kodak Company · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Kodak's financial performance remained stable, with revenue declining slightly but gross profit and operational EBITDA increasing compared to the same quarter last year.

Kodak reported a slight decrease in revenue but an increase in gross profit and Operational EBITDA. The company's cash balance increased, and cash flow from operations improved significantly year-to-date. Kodak is focused on driving operational efficiency, smart revenue, and investing in growth initiatives.

  • Consolidated revenues decreased by 7 percent to $269 million compared to Q3 2022.
  • Gross profit increased by 16 percent to $50 million compared to Q3 2022.
  • GAAP net income was $2 million, flat compared with Q3 2022.
  • Operational EBITDA increased by 71 percent to $12 million compared to Q3 2022.

Headline financials

Total Revenue

$269M

Previous: $289M-6.9%
EPS (adj)

$0.34

Previous: -$0.01+3500.0%
Operational EBITDA

$12M

No prior period
Gross Profit Percentage

19.0%

No prior period
Capital Expenditures

-$15M

Previous: -$19M+21.1%
Free Cash Flow

-$13M

Previous: -$17M+23.5%
Net Income

$2M

Previous: $2M+0.0%
Operating Income

$2M

Previous: -$7M+128.6%
Gross Profit

$50M

Previous: $43M+16.3%
Cash & Equivalents

$246M

Previous: $216M+13.9%
Total Assets

$2.36B

Previous: $2.26B+4.3%
R&D Expense

$7M

No prior period

Revenue & EPS history

Kodak · Revenue · Quarterly

$269M

Q3 2023-6.9%vs Q3 2022

Revenue by segment

Kodak · $200M total across 2 segments · Q3 2023

  • Print
    $196M
  • Brand
    $4M+33.3%

Forward guidance

Kodak will stay committed to executing its long-term strategic plan: investing in innovation, improving efficiency and focusing on meeting the needs of its customers.

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 Q3 2023

Historical avgQ3 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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