Yahoo Finance Eastman Kodak Company (NYSE:KODK) Q1 2024 Earnings Call Transcript
Eastman Kodak Company (NYSE:KODK) Q1 2024 Earnings Call Transcript May 9, 2024
Eastman Kodak Company isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
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 ahead.
Anthony Redding: Thank you. And good afternoon, everyone. I am Anthony Redding, Eastman Kodak Company's Chief Compliance Officer. Welcome to Kodak's first quarter 2024 earnings call. At 4:15 p.m. this afternoon, Kodak filed its Form 10-Q and issued its release on financial results for the first quarter of 2024. You may access the presentation and webcast for today's call on our investor center at investor.kodak.com. During today's call, we will be making certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. All forward-looking statements are based upon Kodak's expectations and various assumptions. Future events or results may differ from those anticipated or those expressed in the forward-looking statements.
Important factors that could cause actual events or results to differ materially from these forward-looking statements include, among others, the risks, uncertainties and other factors described in more detail in Kodak's filings with the US Securities and Exchange Commission from time to time. There may be other factors that may cause Kodak's actual results to differ materially from the forward-looking statements. All forward-looking statements attributable to Kodak or persons acting on its behalf only apply as of the date of this presentation, and are expressly qualified in their entirety by the cautionary statements included or referenced in this presentation. Kodak undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
In addition, the release just issued and the presentation provided contains certain measures that are deemed non-GAAP measures. Reconciliations to the most directly comparable GAAP measures have been provided with the release and within the presentation on our Web site in our investor center at investor.kodak.com. Speakers on today's call are Jim Continenza, Kodak's Executive Chairman and Chief Executive Officer; and David Bullwinkle, Kodak's Chief Financial Officer. We will not be holding a formal Q&A during today's call. As always, the Investor Relations team is available for follow-up. I will now turn the call over to Jim. Thank you.
Jim Continenza: Welcome, everyone. And thank you for joining the first quarter 2024 investor call for Eastman Kodak. I am very pleased with the company's performance for the first quarter of 2024 following our strong performance in 2023. We have been committed to executing our long term plan for five years now. We have strengthened our balance sheet, refinanced our long term debt. We're now generating cash, which will allow us to keep investing in our businesses, investing in innovation and print, advanced materials and chemicals. I am pleased to announce that we have won our fourth Stevie award, our third gold for our strategy in digital print technology. Improving operational efficiency and reducing cost of sales, we promised our customers, we would become more efficient and we have.
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