Eastman Kodak Company reported fourth-quarter 2024 revenues of $261 million, an $8 million or 3% decrease compared to Q4 2023. GAAP net income for Q4 2024 surged to $26 million, an increase of $21 million or 420% from $5 million in the prior year's quarter. Operational EBITDA for the quarter was $12 million, a decrease of $5 million from $17 million in Q4 2023.
For the full year 2024, consolidated revenues were $1.043 billion, a decrease of $78 million or 7% compared to full-year 2023. Full-year GAAP net income was $49 million, an increase of $39 million or 390% from $10 million in 2023. Full-year Operational EBITDA was $38 million, a decrease of $22 million from $60 million in the prior year.
Kodak continued its focus on operational efficiency, innovation, and driving smart revenue, with the Advanced Materials & Chemicals group emerging as a key growth area. The cGMP facility for pharmaceutical ingredients is nearing completion, and the company noted the positive impact of the U.S. International Trade Commission's affirmative determination on anti-dumping duties for aluminum printing plates.
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