SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Eastman Kodak Company (NYSE: KODK)
KODK 6.340-0.3%Oct 31 9:30 AM EDT
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: richardred3/12/2017 11:28:34 AM
   of 484
 
Kodak Reports Net Earnings for 2016 of $16 Million

ROCHESTER, N.Y.–( BUSINESS WIRE)–Eastman Kodak Company (NYSE:KODK) today reported financial results for the fourth quarter and full year 2016, delivering net earnings of $16 million on revenues of $1.5 billion and continued growth in key product lines.

Highlights include:

    GAAP net earnings of $16 million for the year ended December 31, 2016, an improvement of $91 million over 2015.Operational EBITDA for the year of $144 million.Revenues for 2016 of $1.5 billion, compared with revenues of $1.7 billion for 2015, down $166 million, or 10 percent.Key product lines achieved strong growth:
      Volume for KODAK SONORA Process Free Plates grew by 9 percent for the full year.Volume for KODAK FLEXCEL NX Plates grew by 16 percent for the full year.
    Operating expenses (total SG&A and R&D expenses) were $212 million for the year ended December 31, 2016, a $36 million, or 15 percent, improvement compared with 2015. $15 million of this improvement was due to increased non-cash components of pension income.The company ended the year with a cash balance of $433 million. Cash used in operating activities improved by $82 million compared with 2015.
2017 Guidance

    2017 guidance is for revenues of $1.4 billion to $1.5 billion and Operational EBITDA of $130 million to $145 million. This guidance is on a continuing operations basis and excludes the KODAK PROSPER business, which is reported within discontinued operations.

    satprnews.com

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News