Eastman Kodak Company (NYSE:KODK) Q3 2025 Earnings Call November 06, 2025 05:00 PM ET Speaker1Good day, and thank you for standing by. Welcome to the Eastman Kodak quarter 3 2025 earnings conference call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to the first speaker today, Anthony Redding. Please go ahead.Speaker3Thank you, and good afternoon, everyone. Welcome to Kodak's Third Quarter ...

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $263 million, compared to $267 million in Q2 2024, reflecting a decline of $4 million or 1% year-over-year [8][24] - Gross profit decreased by $7 million or 12% year-over-year, with a gross profit percentage of 19% in Q2 2025 compared to 22% in Q2 2024 [10][25] - The company reported a net loss of $26 million for Q2 2025, compared to net income of $26 million in the prior year quarter, a decrease of $52 million [26] - Operational EBITDA for Q2 2025 was $9 million, down from $12 million in Q2 2024, a decline of $3 million [27] Business Line Data and Key Metrics Changes - The Advanced Materials and Chemicals (AMC) business continued to show revenue growth, indicating successful investments in this area [9][24] - The commercial print business remains the largest segment, with ongoing improvements in efficiency and product acceptance [13] Market Data and Key Metrics Changes - Year-to-date tariffs did not have a material impact on the business, and the company supports tariffs that benefit U.S. manufacturers [12] - The company continues to focus on U.S. manufacturing, with key production facilities located in Rochester, New York [11] Company Strategy and Development Direction - The company is focused on deleveraging its business and strengthening its balance sheet while investing in growth areas [7][35] - Kodak's CGMP pharmaceutical manufacturing facility is now registered with the FDA, allowing it to manufacture and sell regulated pharmaceutical products [15][36] - The company plans to use excess assets from the pension plan termination to pay down debt and reduce interest costs [20][37] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty in the global business environment, including tariffs and logistics challenges, but remains committed to executing the long-term plan [7][35] - The company expects to continue investing in profitable growth businesses despite the challenges [36] Other Important Information - The termination and reversion process for the U.S. Kodak Retirement Income Plan (CRIP) is proceeding as planned, with an estimated $500 million in pension assets expected to revert to the company [18][20] - The Series C preferred stock was exchanged for common stock, eliminating the outstanding amount of $100 million in Series C preferred stock [19] Summary of Q&A Session - There was no formal Q&A session during the call, but the management team encouraged follow-up questions through the Investor Relations team [5]