Quarterly ResultMay 7, 2026, 04:33 PM
Kodak Q1 Revenue +7% to $265M; Operational EBITDA $15M
AI Summary
Eastman Kodak Company reported its first-quarter 2026 financial results, showing a third consecutive quarter of year-over-year growth in revenue, gross profit, and Operational EBITDA. Consolidated revenues increased 7% to $265 million, with key Print and Advanced Materials & Chemicals businesses achieving revenue increases. Despite these operational improvements, the company's GAAP net loss widened to $16 million, primarily due to higher manufacturing costs and commodity prices, and a decrease in cash balance driven by inventory build-up and debt repayment.
Key Highlights
- Consolidated revenues increased 7% to $265 million in Q1 2026 from $247 million in Q1 2025.
- Gross profit rose 24% to $57 million in Q1 2026 from $46 million in Q1 2025.
- Operational EBITDA significantly increased to $15 million in Q1 2026 from $2 million in Q1 2025.
- GAAP net loss increased to $16 million in Q1 2026 from $7 million in Q1 2025.
- Print revenues grew 9% to $180 million, and Advanced Materials & Chemicals revenues increased 3% to $76 million.
- Cash balance at quarter-end was $299 million, down from $337 million on December 31, 2025.
- Cash flow from operations improved by $8 million compared to the prior period.
- The decrease in cash was primarily due to a $38 million increase in inventory and a $50 million term loan repayment.