Eastman Kodak(NYSE) KODK

Eastman Kodak Company makes printing tools for businesses. It helps companies produce books and packaging. The firm also creates chemicals and films.

More Than Just Film

• Print Solutions: Digital offset plates and high-speed inkjet systems for commercial printers; accounts for 65% of revenue.
• Advanced Materials: Industrial films, chemicals, and motion picture stocks for the entertainment and manufacturing sectors.
• Digital Printing: Electrophotographic systems and workflow software used for high-volume publishing and direct mail.
• Brand Licensing: Strategic agreements that allow third parties to use the Kodak name on various consumer products.

Focus on the Future

• Launched the PROSPER 7000 Turbo Press in June 2022 to compete with traditional long-run printing processes.
• Completed construction of a certified pharmaceutical manufacturing facility at Eastman Business Park in 2025.
• Expanded into battery material manufacturing by investing in production coating facilities for electric vehicle cell assembly in 2025.
• Introduced a direct-to-distributor line of still films in the fourth quarter of 2025 to stabilize pricing and supply.

Engineering and Expertise

The company leverages a portfolio of 79,000 patents and over 130 years of research to develop proprietary layering and coating technologies. These capabilities allow the firm to enter high-barrier industrial markets like energy storage and pharmaceutical reagents.

A Look at the Books

• Consolidated revenues reached $576 million for the six-month period ended June 30, 2026, up 13% year over year.
• Net loss was $33 million for the six-month period ended June 30, 2026.
• Cash and cash equivalents stood at $290 million as of June 30, 2026.
• Prepayments on term loans totaled $101 million during the six-month period ended June 30, 2026.
• Capital expenditures reached $11 million for the six-month period ended June 30, 2026, with a full-year expectation of $40 million to $45 million.

The Big Picture

Kodak has transitioned from a consumer photography giant into an industrial manufacturer focused on commercial print and advanced materials. Its strategy centers on applying legacy chemical and coating expertise to growth sectors like electronics and pharmaceuticals.