Eastman Kodak Company (NYSE:KODK) Q4 2024 Earnings Conference Call March 17, 2025 5:00 PM ET Company Participants Anthony Redding - Chief Compliance Officer Jim Continenza - Executive Chairman and Chief Executive Officer David Bullwinkle - Senior Vice President and Chief Financial Officer Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the Eastman Kodak Fourth Quarter and Full-Year 2024 Earnings Call. At this time all participants’ are in a listen-only mode. Please ...

Fourth Quarter and Full Year 2024 Earnings Call March 17, 2025 Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995. Forward–looking statements include statements concerning Kodak's plans, objectives, goals, strategies, ...

99.1 Media Contact: Kurt Jaeckel, Kodak, +1 585-490-8646, kurt.jaeckel@kodak.com Investor Contact: Anthony Redding, Kodak, +1 585-724-4053, shareholderservices@kodak.com Kodak Reports Fourth-Quarter and Full-Year 2024 Financial Results ROCHESTER, N.Y., March 17, 2025– Eastman Kodak Company (NYSE: KODK) today reported financial results for the fourth quarter and full year 2024. Fourth quarter 2024 highlights include: • Consolidated revenues of $266 million, compared with $275 million for Q4 2023, a decrease ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 1-00087 EASTMAN KODAK COMPANY (Exact name of Registrant as specified in its Charter) New Jersey 16-0417150 (State or other jurisdiction of i ...

Group 1 - The article discusses Eastman Kodak Company's (NYSE: KODK) performance and reiterates a 'Hold' rating due to technical resistance, growth issues, and subdued cash-flow generation [1] - The company is characterized by its focus on individual investors seeking income through undervalued profitable stocks with strong balance sheets and minimal debt [1] Group 2 - The article does not provide any specific financial data or performance metrics for Eastman Kodak Company [2][3]

Disclosure and Legal Information - The author has no stock, option, or derivative positions in any mentioned companies and no plans to initiate such positions within the next 72 hours [1] - The author owns European/Scandinavian and Canadian tickers of companies mentioned in their articles but not the ADRs [2] - Investing in European/Non-US stocks involves withholding tax risks specific to the company's domicile and the investor's personal situation [2] - Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser, and its analysts may not be licensed or certified by any regulatory body [3] General Investment Considerations - The article is not financial advice, and investors should conduct their own due diligence before making any investment decisions [2] - Short-term trading, options trading, and futures trading are high-risk investment styles and may not be suitable for investors with limited capital or experience [2] - Past performance is not indicative of future results, and no specific investment recommendations are provided [3]

Financial Data and Key Metrics - Revenue for Q3 2024 was $261 million, down $8 million (3%) compared to $269 million in Q3 2023 [9][18] - Gross profit for Q3 2024 was 17%, down from 19% in Q3 2023, impacted by higher aluminum costs, inventory reserve adjustments, and changes in employee benefit reserves [9][19][20] - Net income for Q3 2024 was $18 million, up $16 million from $2 million in Q3 2023, excluding non-cash changes in workers' compensation and employee benefit reserves [20][21] - Operational EBITDA for Q3 2024 was $1 million, down from $12 million in Q3 2023, impacted by higher manufacturing costs and litigation expenses [22][23] - Cash and cash equivalents at the end of Q3 2024 were $214 million, a decrease of $41 million from December 31, 2023, due to CapEx investments and working capital build-up [32][39] Business Line Performance - Film sales increased in motion picture and still film, with a planned shutdown in November to modernize the manufacturing plant [11][12] - Advanced Materials and Chemicals (AMC) initiatives, including film, chemicals, and substrate coating for EVs, continue to grow, with investments in the reagent facility and cGMP clean lab [11] - Commercial print benefited from a favorable ITC ruling on plates tariffs, providing a competitive advantage ranging from 91.83% to 353.09% [14] Market Performance - Revenue decline slowed in Q3 2024 compared to recent quarters, reflecting the company's focus on driving smart revenue and profitability [18] - The Eastman Business Park saw significant infrastructure investments, with the reopening of a building and the return of U.S. jobs [13] Strategic Direction and Industry Competition - The company remains committed to innovation, operational efficiency, and smart revenue growth, with ongoing investments in AMC, battery technology, and substrate coating [8][41] - Kodak continues to focus on maintaining a competitive edge in the U.S. market, particularly in commercial print, following the ITC ruling on plates tariffs [14] Management Commentary on Operating Environment and Future Outlook - Management highlighted the challenges of tariffs and subsidies faced by the U.S. printing industry, but emphasized the company's resilience and commitment to U.S. jobs [10][14] - The company expects to continue investing in growth initiatives, including battery technology and clean lab facilities, while maintaining compliance with financial covenants [40][41] Other Important Information - The company's cash flow from operating activities for the nine months ending September 30, 2024, was a use of $11 million, driven by net earnings and changes in working capital [33] - Cash used in investing activities increased by $7 million, primarily due to higher capital additions, partially offset by proceeds from asset sales [35] - Restricted cash decreased by $14 million, reflecting efforts to reduce cash collateral and escrow requirements [37] Summary of Q&A Session - No formal Q&A session was held during the call, but the Investor Relations team is available for follow-up [6]

| --- | --- | --- | --- | |--------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | Third Quarter 2024 | | | | | Earnings Call | | | | | November 12, 2024 | | | | Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" as that term is defined under the Private Sec ...

Revenue Performance - Consolidated revenues of $261 million, a decrease of $8 million or 3% compared to Q3 2023[1] - Print segment revenue of $182 million, a decrease of $14 million compared to Q3 2023[6] - Advanced Materials & Chemicals segment revenue of $71 million, an increase of $7 million compared to Q3 2023[6] - Revenue decline of $9 million or 3% excluding the impact of foreign exchange[2] - Total revenues for Q3 2024 were $261 million, a slight decrease from $269 million in Q3 2023[21] Profitability Metrics - Gross profit of $45 million, a decrease of $5 million or 10% compared to Q3 2023[1] - GAAP net income of $18 million, an increase of $16 million or 800% compared to Q3 2023[1] - Operational EBITDA of $1 million, a decrease of $11 million or 92% compared to Q3 2023[1] - Operational EBITDA for the Print segment was $(9) million, a decrease of $13 million compared to Q3 2023[6] - Operational EBITDA for the Advanced Materials & Chemicals segment was $6 million, an increase of $2 million compared to Q3 2023[6] - Net Income for Q3 2024 was $18 million, an increase of 800% compared to $2 million in Q3 2023[19] - Operational EBITDA for Q3 2024 was $1 million, a decrease of 92% compared to $12 million in Q3 2023[19] - Gross profit for Q3 2024 was $45 million, down from $50 million in Q3 2023[21] Cash and Liquidity - Cash balance of $214 million, a decrease of $41 million from December 31, 2023[1] - Cash and cash equivalents decreased to $214 million in September 2024 from $255 million in December 2023[24] - Net cash used in operating activities was $11 million for the nine months ended September 30, 2024, compared to $21 million provided by operating activities in the same period in 2023[28] - Additions to properties in the nine months ended September 30, 2024 were $39 million, up from $15 million in the same period in 2023[28] - Net cash used in financing activities was $21 million for the nine months ended September 30, 2024, compared to $87 million provided by financing activities in the same period in 2023[28] - Cash, cash equivalents, and restricted cash decreased to $322 million at the end of September 2024 from $374 million at the end of September 2023[28] Asset and Investment Changes - Total assets increased to $2,388 million in September 2024 from $2,355 million in December 2023[24]

ROCHESTER, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Eastman Kodak Company (NYSE: KODK) today reported financial results for the third quarter 2024. Third-quarter 2024 highlights include: Consolidated revenues of $261 million, compared with $269 million for Q3 2023, a decrease of $8 million or 3 percentGross profit of $45 million, compared with $50 million for Q3 2023, a decrease of $5 million or 10 percentGross profit percentage of 17 percent, compared with 19 percent for Q3 2023, a decrease of 2 percentage ...