Kodak Q2 Revenue Jumps 18%, Swings to Profit on Pricing and Volume Gains
KODK has more than doubled off its 52-week low of $4.94.
Summary
Kodak delivered a strong Q2 with revenue up 18% YoY to $311M, swinging to a $17M net profit from a loss a year ago. Operational EBITDA more than tripled to $36M, driven by better pricing and higher volumes in Advanced Materials & Chemicals and Print segments. Rising silver and aluminum costs partially offset the gains. This follows a mixed Q1 and a recent shelf registration for selling shareholders, but the operational momentum is clear. The company plans to accelerate R&D investments to sustain growth.
At the time of this announcement, KODK was trading at $9.99 on NYSE in the Manufacturing sector, with a market capitalization of approximately $874.3M. The 52-week trading range was $4.94 to $14.87. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.