Eastman Kodak Q2 revenue rises on pricing and volume gains - KODK News | RalliesEastman Kodak Q2 revenue rises on pricing and volume gains
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KODK• Outlook
- Kodak says it will focus on expanding core businesses and increasing operational efficiency
- Company plans to accelerate investments in R&D to support growth initiatives
Overview
- US print and advanced materials maker's Q2 revenue rose 18% yr/yr
- Q2 net income turned positive from a loss a year earlier
- Operational EBITDA for Q2 more than tripled yr/yr
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | | $311 mln | |
| Q2 Net Income | | $17 mln | |
| Q2 Operational EBITDA | | $36 mln | |
Result Drivers
- Segment growth - Advanced Materials & Chemicals and Print segments saw higher revenue and Operational EBITDA
- Pricing and volume - Improved pricing and higher sales volume drove Operational EBITDA gains
- Higher input costs - Rising silver and aluminum prices and increased SG&A expenses partially offset gains
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