Yahoo Finance Eastman Kodak Company (NYSE:KODK) Q4 2023 Earnings Call Transcript
Eastman Kodak Company (NYSE:KODK) Q4 2023 Earnings Call Transcript March 14, 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: Welcome to the Eastman Kodak Q4 2023 Earnings Conference Call. At this time, all participants are on a listen-only mode. Please be advised that today's call is being recorded. I will now turn the call over to your host, Anthony Redding. Please go ahead.
Anthony Redding: Thank you, and good afternoon, everyone. I'm Anthony Redding, Eastman Kodak Company's Chief Compliance Officer. Welcome to Kodak's fourth quarter and full year 2023 earnings call. At 4:15 p.m. this afternoon, Kodak filed its Annual Form 10-K and issued its release on financial results for the fourth quarter and full year of 2023. You may access the presentation and webcast for today's call on our Investor Center at investor.kodak.com. During today's call, we'll 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 U.S. 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 the 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 website 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.
James Continenza: Welcome, everyone, and thank you for joining the fourth quarter and full year 2023 investor call for Kodak. I am very pleased with the company's fourth quarter and full year performance for 2023. We have been committed to executing our long-term plan for the past five years, and our efforts are now coming to fruition. We are starting to deliver year-over-year improvements in gross profit, operational EBITDA, and improved cash flow, which is further evidence of our growing ability to deliver strong results. Actions we have taken over the last few years include stabilizing our balance sheet, reorganizing as one Kodak, putting our customers first, focusing on our core competencies in print, Advanced Materials and Chemicals, known as AMC, improving operational efficiency, and reducing our cost of sale.
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