Financial Performance - Consolidated revenues for Q3 2024 were $261 million, a decrease of $8 million (3%) compared to Q3 2023, while revenues for the nine months ended September 30, 2024 were $777 million, down $65 million (8%) year-over-year [122]. - Print revenues in Q3 2024 were $182 million, a decrease of $14 million (7%), and $550 million for the nine months, down $70 million (11%) compared to the prior year [123]. - In the third quarter of 2024, Kodak's revenues declined by $8 million to $261 million compared to $269 million in the same period of 2023, primarily due to a $15 million decrease in Print volume [146]. - For the nine months ended September 30, 2024, revenues decreased by $65 million to $777 million from $842 million in the same period of 2023, driven by lower volume in Print and unfavorable foreign currency fluctuations [147]. - Kodak's gross profit for the third quarter of 2024 was $45 million, representing a gross margin of 17%, down from $50 million and 19% in the same period of 2023 [144]. - Year-to-date gross profit for the nine months ended September 30, 2024, was $152 million, a decrease of $11 million compared to $163 million in the same period of 2023 [149]. Cost and Expenses - Kodak is facing increased manufacturing costs due to lower volumes and rising labor, material, and distribution costs, alongside supply chain disruptions [124]. - Selling, general and administrative expenses increased by $4 million in the third quarter of 2024, totaling $44 million, primarily due to litigation-related costs [150]. - Year-to-date SG&A expenses rose by $22 million to $136 million, influenced by investments in IT systems and costs associated with the drupa trade show [151]. - The company recorded restructuring costs of $1 million and $6 million for the three and nine months ended September 30, 2024, respectively [179]. - Future annual cash savings from restructuring actions are expected to be approximately $10 million, impacting SG&A and Cost of revenues [180]. Revenue Streams - Advanced Materials and Chemicals revenues increased by $7 million (11%) in Q3 2024 and $6 million (3%) year-to-date, totaling $71 million and $203 million respectively [123]. - Kodak's Print segment revenues for the third quarter of 2024 were $182 million, down from $196 million in the same period of 2023 [155]. - Kodak reported a decrease in Print revenues of approximately $14 million for the three months ended September 30, 2024, primarily due to lower volumes and less favorable pricing in Prepress consumables and Electrophotographic Printing Solutions [164]. - For the nine months ended September 30, 2024, Print revenues decreased by approximately $70 million, attributed to lower volumes in various segments and unfavorable foreign currency impacts [165]. - Advanced Materials and Chemicals revenues improved by $7 million for the three months ended September 30, 2024, driven by volume increases and pricing improvements [171]. Strategic Initiatives - Kodak has implemented pricing actions and customer-focused initiatives to mitigate increased manufacturing costs, positively impacting profitability in certain segments [125]. - Kodak's strategy includes focusing on core competencies in print and advanced materials, promoting film usage, and streamlining processes for cost reductions [134]. - Kodak launched the KODAK PROSPER ULTRA 520 Digital Press, utilizing ULTRASTREAM inkjet technology, aimed at enhancing print quality [136]. - The company plans to begin production of Diagnostic Test Reagent solutions in a new cGMP lab by 2025 [141]. Cash Flow and Liquidity - Kodak's cash balance at the end of the quarter was $214 million, reflecting a decrease of $41 million from December 31, 2023 [181]. - As of September 30, 2024, Kodak held approximately $116 million in cash and cash equivalents in the U.S. and $98 million outside the U.S., with total cash, cash equivalents, and restricted cash at $322 million [198]. - Net cash from operating activities declined by $32 million for the nine months ended September 30, 2024, compared to the same period in 2023, primarily due to a decrease in insurance reimbursements and increased investment in inventory [194]. - Kodak's net cash used in investing activities increased by $7 million for the nine months ended September 30, 2024, due to a $24 million increase in additions to properties [195]. - Net cash used in financing activities increased by $108 million for the nine months ended September 30, 2024, driven by $90 million in net proceeds from financing transactions in Q3 2023 [196]. - Kodak's liquidity position is deemed adequate to fund operating and investing needs, dependent on generating positive cash flows from operations and managing worldwide cash through intercompany loans [190]. Investments and Future Outlook - Kodak's investment in Wildcat Discovery Technologies, Inc. amounted to $25 million to develop new battery materials, including EV batteries [138]. - The outstanding amount of inter-company loans to the U.S. was $463 million as of September 30, 2024, including $188 million from Kodak's international finance center [185]. - Kodak expects total capital expenditures for 2024 to be between $50 million and $60 million, with $39 million spent in the first nine months of 2024 [207]. - Kodak's plans to return to sustainable positive cash flow include generating profitable revenues through pricing actions and customer-focused initiatives, and reducing operating expenses [189]. - The company expects improvements in cash flow from financing transactions and operational efficiencies to support ongoing operations and growth investments [182].

Rochester, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Kodak will host the Third-Quarter 2024 Earnings call on Tuesday, November 12, 2024, at 5:00 pm ET. Executive Chairman and Chief Executive Officer James Continenza and Chief Financial Officer David Bullwinkle will host a conference call with financial analysts and investors to discuss the financial results. AUDIO CONFERENCE DETAILS: https://register.vevent.com/register/BI6ad75b73b0234a39a093a22db34f0099 ...

Financial Data and Key Metrics Changes - Revenues decreased by $28 million or 9% compared to the prior year quarter, with a decrease of $24 million or 8% when excluding foreign exchange impact [6][13] - Gross profit decreased by $5 million or 8% compared to the prior year quarter, but gross profit percentage increased to 22% from 21% in the prior year quarter [5][13] - Net income for the second quarter was $26 million, down from $35 million in the prior year quarter, a decrease of $9 million [14] - Operational EBITDA for the quarter was $12 million, down from $22 million in the prior year quarter, a decline of $10 million [14][17] Business Line Data and Key Metrics Changes - The Advanced Materials & Chemicals (AMC) segment is highlighted as a key growth area, with investments aimed at long-term opportunities [7][23] - The company continues to invest in manufacturing capacity for film to meet growing demand, indicating a focus on traditional business lines [7][23] Market Data and Key Metrics Changes - The company reported a decrease in cash provided by operating activities to $10 million from $21 million in the prior year period [18] - Cash and cash equivalents at the end of the second quarter were $251 million, a decrease of $4 million from December 31, 2023 [18] Company Strategy and Development Direction - The company is committed to executing its long-term plan, focusing on operational efficiencies, innovation, and aligning with the right customers [5][12] - Kodak is investing in its core competencies in Advanced Materials & Chemicals, which is seen as essential for future growth and profitability [7][23] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the company's progress despite a challenging global environment, emphasizing a focus on smart revenue and cost reductions [12][22] - The company remains in compliance with all applicable financial covenants, indicating a stable financial position [22] Other Important Information - The company is filing a shelf registration statement to renew its expiring primary shelf registration, maintaining flexibility to access public markets [11] - Actions have been implemented to reduce investment risk in the U.S. pension plan, including outsourcing investment management [10] Summary of Q&A Session - No formal Q&A session was held during the call, but the management team expressed gratitude for the interest in Kodak and reiterated their commitment to customer focus and operational excellence [4][24]

Financial Performance - Consolidated revenues for Q2 2024 were $267 million, a decrease of $28 million or 9% compared to Q2 2023[1] - GAAP net income for the quarter was $26 million, down $9 million or 26% from $35 million in Q2 2023[2] - Operational EBITDA decreased to $12 million, a decline of $10 million or 45% compared to $22 million in Q2 2023[2] - Total revenues for Q2 2024 were $267 million, down 9.5% from $295 million in Q2 2023[16] - Operational EBITDA for Q2 2024 was $12 million, a decline of 45% compared to $22 million in Q2 2023[14] - Gross profit decreased to $58 million in Q2 2024 from $63 million in Q2 2023, reflecting a gross margin of 21.7%[16] - Selling, general and administrative expenses rose to $47 million in Q2 2024, up from $40 million in Q2 2023[16] - Research and development costs were $8 million in Q2 2024, slightly down from $9 million in Q2 2023[16] - Net cash provided by operating activities was $10 million in Q2 2024, down from $21 million in Q2 2023[22] Cash and Assets - The cash balance at the end of the quarter was $251 million, a decrease of $4 million from December 31, 2023[3] - Cash and cash equivalents at the end of Q2 2024 were $251 million, a decrease from $255 million at the end of 2023[19] - Total assets increased to $2,359 million as of June 30, 2024, compared to $2,355 million at the end of 2023[19] - Total liabilities decreased to $1,184 million in Q2 2024 from $1,214 million in Q4 2023[20] Revenue Segments - Revenue from the Print segment was $186 million, down from $215 million in Q2 2023, while Advanced Materials & Chemicals revenue was $73 million, slightly up from $72 million[5] Strategic Initiatives - Kodak is investing in its Advanced Materials & Chemicals group, with a cGMP facility for diagnostic test reagents set to begin production in 2025[1] - The company is focusing on generating smart revenue to enhance profitability, despite the decline in overall revenue[4] - Kodak plans to continue streamlining operations and investing in new products and businesses in the second half of the year[4] - The company announced commitments for several KODAK PROSPER ULTRA 520 Presses following its participation in the drupa tradeshow[1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | --- | --- | |---------------------------------------------------------------------------------------------|------------------------------------------------------------| | | | | For ...

ROCHESTER, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Eastman Kodak Company (NYSE: KODK) today reported financial results for the second quarter 2024. Second-quarter 2024 highlights include: Consolidated revenues of $267 million, compared with $295 million for Q2 2023, a decrease of $28 million or 9 percent Gross profit of $58 million, compared with $63 million for Q2 2023, a decrease of $5 million or 8 percent Gross profit percentage of 22 percent, compared with 21 percent for Q2 2023, an increase of 1 percen ...

ROCHESTER, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kodak will host the Second-Quarter 2024 Earnings call on Thursday, August 8th 2024, at 5:00 pm ET. Executive Chairman and Chief Executive Officer James Continenza and Chief Financial Officer David Bullwinkle will host a conference call with financial analysts and investors to discuss the financial results. EVENT DETAILS Title: Eastman Kodak Q2 2024 Earnings Conference Call Start Date: 08/08/2024 Start Time: 5:00 PM EST AUDIO CONFERENCE DETAILS Audience Conf ...

Core Insights - The Kodak photo printer, produced by Prinics Co., Ltd., has achieved bestseller status on Amazon globally [1] - A new product line, the ERA lineup, has been launched, expanding the existing RETRO lineup with various sizes of instant cameras and printers [2] - Prinics Co., Ltd. emphasizes customer satisfaction and plans to continue releasing diverse products under the slogan "Print happiness" [3] Product Offerings - The ERA lineup includes the Kodak Mini Shot 4 ERA, the world's first instant camera for 4-inch square photo printing, along with a 1-inch camera (Memo Shot ERA) and a 0.5-inch printer (Memo Label ERA) [2] - The retro lineup features 2-inch, 3-inch, and 6-inch film format instant cameras and photo printers, with the Kodak Mini Shot 3 recognized as a leader in the 3-inch instant camera market [4] - The Kodak Dock Plus, a 6-inch photo printer with a unique docking system, has maintained bestseller status on Amazon for approximately 5 years [4] Market Performance - As of May 27, 2024, nine Kodak products have been recognized as bestsellers on Amazon and Walmart across seven countries [3] - Kodak's instant cameras offer 2-in-1 functionality, allowing users to print smartphone images, and are competitively priced when bundled with cartridges [5] Company Overview - Kodak (NYSE: KODK) is a prominent global manufacturer focused on commercial print and advanced materials & chemicals, holding 79,000 patents from over 130 years of R&D [6] - The company is committed to environmental stewardship and aims to lead in developing sustainable solutions for print [6]

Eastman Kodak Company (NYSE:KODK) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Anthony Redding - Chief Compliance Officer Jim Continenza - Executive Chairman and CEO David Bullwinkle - CFO Operator Good day, and thank you for standing by. Welcome to the Eastman Kodak Q1 2024 Earnings Conference Call [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Anthony Redding. Please go ...

Exhibit 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 First-Quarter 2024 Financial Results ROCHESTER, N.Y., May 9, 2024 – Eastman Kodak Company (NYSE: KODK) today reported financial results for the first quarter 2024. First-quarter 2024 highlights include: "For the first quarter, Kodak continued to build on its strong foundation, generating cash and delivering a gross pro ...