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Earnings Call Summary | Eastman Kodak(KODK.US) Q1 2024 Earnings Conference

moomoo AI ·  May 10 06:31  · Conference Call

The following is a summary of the Eastman Kodak Company (KODK) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Eastman Kodak reported a Q1 2024 revenue of $249 million, a decline of roughly 10% compared to Q1 2023.

  • The gross profit percentage increased from 18% to 20%, primarily due to operational efficiency.

  • Kodak's net income for Q1 2024 was $32 million, just a slight drop from the previous year's Q1 net income of $33 million, showing relative stability in its financial performance.

  • Kodak increased its cash balance to $262 million, an increase of $7 million from the end of 2023.

Business Progress:

  • Kodak continues accelerating its innovation across its portfolio of offset and digital solutions in order to impact their overall growth.

  • Investments in their AMC segment are ongoing, intended to satisfy growing demand in the film industry.

  • The company is targeting long term growth by leveraging its strength in chemicals, layering and coating.

More details: Eastman Kodak IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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