Eastman Kodak Company (KODK) investor relations material

Executive summary

• Achieved third consecutive quarter of year-over-year growth in revenue, gross profit, and operational EBITDA, with Q1 2026 revenue up 7% to $265 million, driven by both Print and Advanced Materials & Chemicals segments and improved pricing.

• Operational EBITDA rose to $15 million from $2 million in Q1 2025, reflecting improved core business profitability and pricing actions.

• Despite operational improvements, reported a GAAP net loss of $16 million, up from $7 million in Q1 2025, mainly due to non-cash items and lower pension income.

• Continued investment in Print and Advanced Materials & Chemicals segments, with new product launches and expansion, and focus on operational excellence and long-term value creation.

Financial highlights

• Revenue increased 7% year-over-year to $265 million, with growth in both Print and Advanced Materials & Chemicals segments.

• Gross profit rose 24% to $57 million, with gross margin improving to 22% from 19% in the prior-year quarter.

• Operational EBITDA reached $15 million, up $13 million from the prior-year quarter.

• Reported GAAP net loss of $16 million, compared to a $7 million loss in the prior-year quarter.

• Cash and cash equivalents at quarter-end: $299 million, down from $337 million at year-end 2025.

Outlook and guidance

• Management expects continued volatility due to macroeconomic factors, including tariffs, inflation, and supply chain constraints, but believes liquidity is adequate to fund operations for the next twelve months.

• Ongoing focus on pricing actions, cost reductions, and operational efficiencies to offset rising costs.

• Emphasis on executing a long-term plan leveraging core strengths and investing in growth initiatives.