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Bulletin: Eastman Kodak's Revised Full-Year Guidance Does Not Affect Current Rating

Published Aug 01, 2008

632 words — Published Aug 01, 2008

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Abstract:

NEW YORK (Standard&Poor's) Aug. 1, 2008--Standard&Poor's Ratings Services said today that Eastman Kodak Co.'s (B+/Stable/--) weak second-quarter results and updated earnings and cash flow guidance for the full year do not affect the rating or outlook on the company at this time. For the second quarter, revenue increased by 1%, but EBITDA, excluding restructuring charges and including cash restructuring payments, declined by 34%. The company stated that it now expects to achieve EBIT before restructuring charges at the lower end of its guidance because of higher commodity costs. Management also stated that it expects free cash flow (including proceeds from asset sales and a $575 million tax settlement) to be in the range of $725 million

Brief Excerpt:

RESEARCH Bulletin: Eastman Kodak's Revised Full-Year Guidance Does Not Affect Current Rating Publication date: 01-Aug-2008 Primary Credit Analyst: Tulip Lim, New York (1) 212-438-4061; tulip_lim@standardandpoors.com Secondary Credit...

Report Type:

Bulletin

Ticker

Issuer

Eastman Kodak Co.

GICS

Photographic Products (25202020)

Sector

Corporations, Global Issuers, High Technology

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Eastman Kodak's Revised Full-Year Guidance Does Not Affect Current Rating" Aug 01, 2008. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Eastman-Kodak-s-Revised-Full-Year-Guidance-Does-Not-Affect-Current-Rating-662984>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Eastman Kodak's Revised Full-Year Guidance Does Not Affect Current Rating Aug 01, 2008. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Eastman-Kodak-s-Revised-Full-Year-Guidance-Does-Not-Affect-Current-Rating-662984>

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