Key Highlights

  • Revenues were USD 276 million versus USD 269 million, and Gross Profit was USD 73 million versus USD 68 million.
  • Income from operations was USD 15 million versus 19 million, with SG&A of USD 50 million versus 41 million.
  • Interest expense was USD 3 million versus 18 million, and Net Income was USD 21 million versus 13 million.
  • Basic and diluted EPS was USD 0.18 versus a loss of USD 0.08, and cash was USD 317 million.

Revenues and Gross Profit

Eastman Kodak Company (NYSE:KODK), a provider of print, advanced materials and chemicals, and Brand products, filed its Quarterly Report for the three months ended September 30, 2026. Total revenues were USD 276 million, compared with USD 269 million in the same period of 2025. Sales were USD 241 million versus USD 229 million, and services revenues were USD 35 million versus USD 40 million.

By segment, Print revenues were USD 165 million versus USD 177 million, and Advanced Materials and Chemicals revenues were USD 99 million versus USD 82 million. Brand revenues were USD 9 million versus USD 6 million, and All Other revenues were USD 3 million versus USD 4 million.

Total cost of revenues was USD 203 million versus USD 201 million, and gross profit was USD 73 million versus USD 68 million. For the nine months ended September 30, 2026, revenues were USD 852 million versus USD 779 million, and gross profit was USD 212 million versus USD 165 million.

Analyst estimates were EPS of USD 0.16 against reported EPS of USD 0.18, and Revenue of USD 294.0 million against reported revenue of USD 276.0 million.

Operating Expenses and Net Income

Selling, general and administrative expenses were USD 50 million versus USD 41 million, and Research and Development expenses were USD 8 million versus USD 7 million. Restructuring costs were USD 2 million versus USD 1 million, and other operating income, net, was USD 2 million versus zero. Income from operations before interest expense and other items was USD 15 million versus USD 19 million.

Interest expense was USD 3 million versus USD 18 million. Pension income excluding service cost was USD 15 million versus USD 16 million, and other charges, net, were USD 3 million versus USD 1 million. Income before income taxes was USD 24 million versus USD 16 million.

The provision for income taxes was USD 3 million in both periods. Net income was USD 21 million versus USD 13 million. For the nine months, net income was USD 22 million versus a net loss of USD 20 million.

Earnings per Share and Balance Sheet

Basic and diluted Earnings Per Share were USD 0.18 versus a loss of USD 0.08 in the third quarter of 2025. Basic weighted average shares were 98.0 million versus 89.8 million, and diluted weighted average shares were 102.8 million in the 2026 quarter. For the nine months, earnings per share were USD 0.11 versus a loss of USD 0.55.

Cash and cash equivalents were USD 317 million at September 30, 2026, compared with USD 337 million at December 31, 2025. Inventories were USD 261 million versus USD 218 million at December 31, 2025.

Net cash used in Operating Activities for the nine months was zero versus USD 9 million in the prior-year period. The filing also reports proceeds of USD 93 million from the Redemption of KRIP reversion investments.

Items to Follow

Investors can follow the movement in Print segment revenues, which were USD 165 million versus USD 177 million, alongside Advanced Materials and Chemicals revenues of USD 99 million versus USD 82 million.

Other items in the filing include selling, general and administrative expenses of USD 50 million, interest expense of USD 3 million versus USD 18 million, and pension income excluding service cost of USD 15 million. Inventories were USD 261 million at the quarter end.