Dafinchi AI

FRO

Industrial

Adjusted profit increased by $40 million compared to Q1 2025, driven by higher TCE earnings rising from $241 million to $283 million.
Fleet average cash breakeven rate estimated at $25,900/day including dry dock costs; excluding dry dock costs, $24,600/day.
Fleet consists of 41 VLCCs, 21 Suezmax, and 18 LR2 tankers, all ECO vessels with 55% scrubber-fitted, average age 7 years.
Frontline holds strong liquidity with $844 million in cash and equivalents and no significant debt maturities until 2030.
Frontline reported a profit of $77.5 million or $0.35 per share in Q2 2025, with adjusted profit of $80.4 million or $0.36 per share.
Operating expenses (OpEx) including dry dock were $8,700/day for VLCCs, $8,900/day for Suezmax, and $7,600/day for LR2 tankers.
TCE rates for Q2 2025 were $43,100/day for VLCCs, $38,900/day for Suezmax, and $29,300/day for LR2/Aframax, up from Q1 but below expectations.

MRCY

Industrial

1mo

Bookings in Q4 were a record $342 million with a book-to-bill ratio of 1.25, resulting in a record backlog of $1.4 billion, up 6% year-over-year.
Free cash flow for Q4 was $34 million, exceeding expectations, and full year free cash flow was a record $119 million.
GAAP net income in Q4 was $16 million versus a net loss of $11 million in the prior year quarter; full year GAAP net loss improved to $38 million from $138 million.
Q4 adjusted EBITDA was $51 million with a margin of 18.8%, up over 700 basis points sequentially; full year adjusted EBITDA was $119 million with a 13.1% margin.
Q4 revenue was $273 million, up 9.9% year-over-year, with full year revenue of $912 million, up 9.2%.

KODK

Industrial

1mo

Cash balance at the end of Q2 2025 was $155 million, down $46 million from December 31, 2024, reflecting investments in growth initiatives and higher commodity costs.
Excluding the impairment charge, net loss was $9 million in Q2 2025 versus net income of $26 million in Q2 2024, driven largely by a $25 million decline in pension income due to KRIP strategy changes.
For the first half of 2025, revenue was $510 million, down 1% from $516 million in the prior year period, with gross profit percentage at 19% versus 21% prior year.
Gross profit percentage declined to 19% in Q2 2025 from 22% in Q2 2024, impacted by lower volumes and higher aluminum and manufacturing costs, partially offset by price increases.
Kodak reported Q2 2025 revenue of $263 million, roughly flat compared to $267 million in Q2 2024, with a 1% decline year-over-year and a 3% decline on a constant currency basis.
Net loss for the first half of 2025 was $33 million compared to net income of $58 million in the prior year period, including a $17 million impairment charge.
Operational EBITDA declined to $9 million in Q2 2025 from $12 million in Q2 2024, impacted by lower volumes, higher costs, partially offset by price increases and lower IT and organizational spend.
The company reported a net loss of $26 million in Q2 2025 compared to net income of $26 million in Q2 2024, including a $17 million noncash asset impairment charge.

ORGN

Industrial

Adjusted EBITDA breakeven expected to shift from 2026 to 2027 due to production delays.
Ended Q2 2025 with $69 million in cash, cash equivalents, and marketable securities.
Held $9 million in land for sale in Geismar, Louisiana, expected to generate additional cash.
Manufacturing output expected to be reduced by approximately 50% in 2026 and 15% in 2027 compared to prior estimates.
Net accounts receivable balance of $17.9 million related to legacy supply chain activation program being wound down in 2025.
Revised 2026 revenue guidance down to $20 million to $30 million from prior $50 million to $70 million due to manufacturing delays.
Revised 2027 revenue guidance to $100 million to $200 million, down from prior $150 million to $210 million.

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