8./12/2025
Eastman Kodak KODK -19.91%decrease; red down pointing triangle
swung to a second-quarter loss and warned about its ability to pay its current debt obligations, as it attempts to find savings by terminating its retirement pension plan.
On Monday, the company reported a second-quarter loss of $26 million, or 36 cents a share, down from a profit of $26 million, or 23 cents a share, the year prior. Revenue fell to $263 million from $267 million.
“Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms,” the company said in a Securities and Exchange Commission filing. “These conditions raise substantial doubt about Kodak’s ability to continue as a going concern.”
The photography company said last year that it would terminate its retirement income plan to pay down debt. It said Monday that it would know by Aug. 15 how it would satisfy its obligations to pay all pension participants and expects to complete the excess cash reversion by December.
The company said tariffs didn’t have a material effect on its business in the second quarter but said it was still assessing the potential effects of new tariffs.
Shares were down 6.34%, to $6.35, in after-hours trading.
Professor Elam 
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