Eastman Kodak Co (NYSE: KODK)

Eastman Kodak Co is a global manufacturer focused on commercial print and advanced materials and chemicals. The company leverages its long history of research and development to deliver innovative products that enhance what the world sees and creates. Kodak serves commercial printers worldwide with award-winning solutions and maintains a commitment to environmental stewardship through sustainable print technologies.

Kodak generates revenue through the sale of products and services across its core businesses. Primary revenue streams include digital offset plates, computer-to-plate imaging systems, production press systems, inks, inkjet components, software, and electrophotographic printing solutions. The company also earns revenue from pharmaceuticals, industrial films, specialty chemicals, motion picture film, functional printing materials, and intellectual property licensing. Kodak serves a diverse customer base including commercial printers, publishers, packaging companies, studios, pharmaceutical manufacturers, and original equipment manufacturers.

The company operates through the following segments: Print, Advanced Materials and Chemicals, and Brand.

• Print: This segment comprises four lines of business: Prepress Solutions, Prosper, Software, and Electrophotographic Printing Solutions. Prepress Solutions provides digital offset plate offerings and computer-to-plate imaging solutions, including KODAK SONORA Process Free Plates that eliminate chemical processing. The Prosper business offers PROSPER press systems and components based on KODAK Stream and ULTRASTREAM inkjet technologies, along with KODACHROME and KODAK EKTACOLOR Inks and KODAK OPTIMAX Primers. The Software business delivers workflow solutions such as PRINERGY production software and digital front-end controllers, while Electrophotographic Printing Solutions includes NEXFINITY printers for short-run personalized printing applications.

• Advanced Materials and Chemicals: This segment consists of five lines of business: Industrial Film and Chemicals, Motion Picture, Pharmaceuticals, Advanced Materials and Functional Printing, and IP Licensing and Analytical Services. Industrial Film and Chemicals offers professional and consumer still photographic film, industrial film for printed circuit boards, specialty chemicals, solvents, and polyester film, including unregulated key starting materials for pharmaceuticals and electric vehicle batteries. The Motion Picture business serves the entertainment industry with film products and onsite processing services in the U. S. and Europe. Pharmaceuticals focuses on manufacturing Diagnostic Test Reagent solutions in a cGMP-certified facility at Eastman Business Park, which began producing phosphate buffered saline in the second half of 2025. Advanced Materials and Functional Printing develops smart materials for applications such as light-blocking particles for window treatments and functional films for 3D printing, while Functional Printing enables contract manufacturing in high-resolution micro-3D printing for printed electronics and transparent antennas. IP Licensing and Analytical Services leverages Kodak’s patent portfolio through licensing and cross-licensing deals and provides analytical services to external clients.

• Brand: This segment involves licensing the Kodak brand to third parties for use on a range of consumer products. Kodak currently licenses its brand for digital and instant print cameras, 35mm film cameras, printing and scanning devices, eyewear, batteries, and apparel. The company aims to grow its portfolio of brand licenses to generate ongoing royalty streams and upfront payments, with licensees using the Kodak brand on their own products through their own distribution channels.

Kodak holds a competitive position in the commercial print industry through its proprietary technologies and extensive patent portfolio of over 79,000 patents accumulated over 130 years. Key competitors in the Print segment include Fuji, HP, Canon, Ricoh, and Screen. The company differentiates itself through innovations such as process-free plates, continuous inkjet technologies, and workflow software integration. In Advanced Materials and Chemicals, Kodak competes in niche markets like specialty films and pharmaceutical excipients, leveraging its chemical manufacturing expertise and intellectual property to support growth initiatives.

Kodak serves customers across multiple industries including commercial print, direct mail, book publishing, newspapers and magazines, packaging and labels, entertainment studios, pharmaceutical manufacturers, and electronics companies. Specific customer relationships include studios and laboratories using Kodak motion picture film, pharmaceutical firms utilizing its chemical expertise, and original equipment manufacturers integrating PROSPER print head components into their systems. The company also works with dealers and channel partners to distribute its products globally.