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Kodak reports fourth-quarter and full-year 2024 financial results Earnings reports News 

Kodak reports fourth-quarter and full-year 2024 financial results

GaryPageau ,
Eastman Kodak Co. reported fourth-quarter consolidated revenues of $266 million, compared with $275 million for Q4 2023, a decrease of $9 million or 3 percent, but a gross profit of $51 million, compared with $47 million for Q4 2023, an increase of $4 million or 9 percent For the full-year, consolidated revenues were $1.043 billion, compared with $1.117 billion for... Read More
Kodak resumes film manufacturing after pause for upgrades News 

Kodak resumes film manufacturing after pause for upgrades

GaryPageau ,
As of Tuesday, Dec. 10, Eastman Kodak Co. has completed its scheduled downtime to update its film manufacturing plant, according to Rochester First. Citing increasing demand and the need to modernize its production factories, Kodak temporarily paused all film production last month at its factory in Rochester, N.Y. Eastman Kodak, which produces motion picture films and film for still photography,... Read More
From journalism to trails to tech: Wendy Bounds on innovation and personal transformation Marketing Podcasts 

From journalism to trails to tech: Wendy Bounds on innovation and personal transformation

GaryPageau , , , ,
Gwendolyn (Wendy) Bounds, an accomplished journalist, author, and tech executive, shares her journey from journalism at the Wall Street Journal to the fast-paced world of tech startups. The episode kicks off with a remembrance of the 1994 Photo Marketing Association convention, where Bounds and Dead Pixels Society host Gary Pageau first met and witnessed the dawn of digital photography with Apple’s QuickTake camera. Bounds... Read More
Eastman Kodak prepares to terminate U.S. pension plan Investments News 

Eastman Kodak prepares to terminate U.S. pension plan

GaryPageau
Eastman Kodak Co. is preparing to terminate its overfunded U.S. pension plan to unlock value from the fund, according to the Wall Street Journal. The defined-benefit pension has 35,000 participants, and the move could ultimately result in a cash gain of as much as $585 million that Kodak would use to reduce debt and invest in its business, executives said,... Read More
Eastman Kodak pausing film manufacturing to modernize equipment News 

Eastman Kodak pausing film manufacturing to modernize equipment

GaryPageau , ,
Citing increasing demand and the need to modernize its production factories, Eastman Kodak Co. temporarily paused all film production this month at its factory in Rochester, N.Y., according to company executives during last week’s quarterly earnings call. “Our film sales have increased in motion picture and in still film and other films. So on film, right, we’re doing a shutdown... Read More
Kodak reports level third-quarter results, but will be investing more in film production Earnings reports 

Kodak reports level third-quarter results, but will be investing more in film production

GaryPageau ,
Eastman Kodak Co. reported third-quarter financial results, including consolidated revenues of $261 million, compared with $269 million for Q3 2023, a decrease of $8 million or 3 percent. Kodak reported gross profit of $45 million, compared with $50 million for Q3 2023, a decrease of $5 million or 10 percent.  GAAP net income of $18 million, compared with net income... Read More
USITC sides with Kodak in lithographic printing plate dispute; Fujifilm faces duties News 

USITC sides with Kodak in lithographic printing plate dispute; Fujifilm faces duties

GaryPageau , ,
The U.S. International Trade Commission (USITC) decided that a U.S. industry is materially injured due to imports of aluminum lithographic printing plates from China and Japan, which the U.S. Department of Commerce (DOC) has determined are sold at less than fair value and subsidized by the government of China. As a result of the Commission’s affirmative determinations, DOC will issue... Read More
Printing United Expo brings back those photofinishing vibes … with a twist Events News Opinion 

Printing United Expo brings back those photofinishing vibes … with a twist

GaryPageau , , , , , , , , , , , , , , , , , , , , , , , , , ,
  As the unified North American show for the printing industry, Printing United has gained prominence over the past few years as the destination to see and touch the latest in output technologies. This year’s show was massive, drawing 24,969 registered attendees and 800 exhibitors from 115 countries. Considering this was also a drupa year, the turnout was particularly impressive,... Read More
Kodak reports level earnings on 10 percent sales decline in first quarter Earnings reports 

Kodak reports level earnings on 10 percent sales decline in first quarter

GaryPageau ,
Eastman Kodak Co., reported first-quarter consolidated revenues of $249 million, compared with $278 million for Q1 2023, a decrease of $29 million or 10 percent. The company reported gross profit of $49 million, compared with $50 million for Q1 2023, a decrease of $1 million or 2 percent, and  GAAP net income of $32 million, compared with net income of... Read More
Insights into Business Revival and Market Disruption, with Ben Gibson News Podcasts 

Insights into Business Revival and Market Disruption, with Ben Gibson

GaryPageau , , ,
Embark on exploring the corporate world’s natural progression with tech industry veteran Ben Gibson as he and host Gary Pageau navigate the “EMFL” model together. Gibson sheds light on how companies are born out of innovation and mature through marketing, financial acumen, and sometimes, legal restructuring. Anchored by Gibson’s rich experiences at large companies like GE, Eastman Kodak Co., and Logitech, the discussion offers an analytical lens... Read More
Deja vu: Fujifilm files patent claim against Kodak News 

Deja vu: Fujifilm files patent claim against Kodak

GaryPageau ,
Fujifilm Corp. has launched a legal action against Eastman Kodak Co. and claims its Sonora processless plates infringe on Fujifilm’s patents. The patent infringement lawsuit was lodged against Eastman Kodak in the United States District Court for the District of New Jersey on March 20. Fujifilm has asserted four patents (U.S. Patent Nos. 10,427,443, 10,525,696, 10,875,346, and 11,294,279) on various aspects... Read More
Photo Systems Inc. signs chemicals licensing deal with Eastman Kodak Co. News 

Photo Systems Inc. signs chemicals licensing deal with Eastman Kodak Co.

GaryPageau , , ,
Dexter, Mich.- based chemicals company Photo Systems Inc., announced the company is the new authorized brand licensee for Eastman Kodak-branded photo chemicals worldwide. Terms of the transaction were not disclosed. Photo Systems says the chemicals would be available in early 2024. Formerly a contract manufacturer for Kodak Alaris and Sino Promise, Photo Systems brings more than 50 years of photographic... Read More
Eastman Kodak reports flat income on lower sales Earnings reports 

Eastman Kodak reports flat income on lower sales

GaryPageau
Eastman Kodak Co. reported third-quarter revenues of $269 million, compared with $289 million for Q3 2022, a decrease of $20 million or 7 percent. Net income was $2 million, flat compared with Q3 2022. A quarter-end cash balance of $246 million, compared with $217 million on December 31, 2022, an increase of $29 million. Cash flow from operations improved $151... Read More
Kodak Alaris financial report reveals heavy reliance on film business Earnings reports Opinion 

Kodak Alaris financial report reveals heavy reliance on film business

GaryPageau , ,
Kodak Alaris Holding Ltd., the parent company of Kodak Moments, released its Fiscal Year 2023 earnings in the United Kingdom, for the year ending March 31, 2023. The report sheds light on the company’s financial condition and adds context to recent reports the business is up for sale. Among the highlights of the 111-page document was this section below, revealing... Read More