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Kodak photo paper and chemicals fade from the market News 

Kodak photo paper and chemicals fade from the market

GaryPageau , ,
Sino Promise Group, the China-based maker of Kodak-branded photographic paper and chemicals for professional and amateur photofinishing, notified customers the company will “no longer be offering” the products, according to correspondence provided to the Dead Pixels Society. Sino Promise has not responded to requests for comment. Unconfirmed reports from photo labs say the sales team has already been dismissed. The... Read More
Sky News: Kodak Alaris owners are shopping the company News 

Sky News: Kodak Alaris owners are shopping the company

GaryPageau , , ,
Sky News reports Britain’s Pension Protection Fund (PPF) is poised to put Kodak Alaris, the photographic and document imaging group, up for sale. Sky News city editor Mark Kleinman writes the PPF, which has owned Kodak Alaris since 2020, “has kicked off talks with bankers about an auction of the company behind the ‘Kodak moments’ made famous by its multinational... Read More
Kodak grows full-year sales and net income Earnings reports News 

Kodak grows full-year sales and net income

GaryPageau ,
Eastman Kodak Co. reported financial results for the fourth quarter and full year 2022. For the full year ended Dec. 31, 2022, revenues were $1.205 billion, an improvement of $55 million for the same period in 2021. Adjusting for the unfavorable impact of foreign exchange of $70 million, revenues increased by $125 million, or 11 percent compared to the prior... Read More
Kodak not complicit in Trump-era insider-trading case, says Justice Department News 

Kodak not complicit in Trump-era insider-trading case, says Justice Department

GaryPageau
A former pharmaceutical executive and his cousin with ties to Eastman Kodak Co. were charged by the U.S. Justice Department with insider trading. Kodak itself is charged with any wrongdoing. According to the Rochester First,  the allegations say, between June and July 2020, 37-year-old Andrew Stiles, at the time a vice president of a pharmaceutical company working with Kodak, schemed with... Read More
Kodak reports lower third-quarter net earnings News 

Kodak reports lower third-quarter net earnings

GaryPageau
Eastman Kodak Co. reported financial results for the third quarter 2022, including consolidated revenues of $289 million, essentially level with last year, but GAAP net income declined to $2 million, compared with $8 million for Q3 2021. “For the third quarter of 2022, Kodak delivered year-over-year revenue growth for the sixth consecutive quarter. I’d like to thank our loyal customers... Read More
South Bend coffee shop rebrands as “Kodachrome Coffee” News 

South Bend coffee shop rebrands as “Kodachrome Coffee”

GaryPageau , , ,
A South Bend, Indiana-based roasting company Zen Cafe has rebranded to become Kodachrome Coffee, according to a report in Daily Coffee News. The rebrand “is intended to provide a sharper focus on the company’s attention to craft, as well as on the relationships with producers developed over Kodachrome’s 10-plus years in business,” according to reporter Howard Bryman. The Dead Pixels Society... Read More
Kodak launches range of printing products New Products 

Kodak launches range of printing products

GaryPageau , ,
Eastman Kodak Co. announced the KODAK ASCEND Digital Press for the retail/POP and packaging markets. The company claims the KODAK ASCEND Digital Press is the first electrophotographic press designed to print heavyweight substrates at long lengths with CMYK and flat foil embellishments in one pass. It offers production speeds up to 572 sqm/hour (5280 sqft/hour) and its large sheet length... Read More
Kodak reports second-quarter 2021 results Events News 

Kodak reports second-quarter 2021 results

GaryPageau
Eastman Kodak Co. reported financial results for the 2021 second quarter, including consolidated revenues of $291 million and a year-over-year improvement in cash performance. The company no longer breaks out photography-related financial data. “Kodak’s strong second-quarter performance reflects the impact of changes we’ve made and our continued focus on our core competencies and our long-term plan,” said Jim Continenza, Kodak’s... Read More
Eastman Kodak reports $6 million first-quarter net income Earnings reports News 

Eastman Kodak reports $6 million first-quarter net income

GaryPageau
Eastman Kodak Co. reported first-quarter financial results, including consolidated revenues of $265 million, net income of $6 million, and a $401 million cash balance. “The steps we have taken in the last two years — strengthening our balance sheet, establishing a customer-first approach and continuing to invest in innovation — have created the foundation for growth,” said Jim Continenza, Kodak’s... Read More
The Dead Pixels Society podcast: Lessons learned from a life in the photo business, with Fred Lerner, MailPix Marketing Podcasts 

The Dead Pixels Society podcast: Lessons learned from a life in the photo business, with Fred Lerner, MailPix

GaryPageau , , , , ,
Gary Pageau of the Dead Pixels Society talks with Fred Lerner, CEO and founder, MailPix, about the photo/imaging business. A meeting in a summer camp darkroom started Lerner on a decades-long career with leading photo industry companies like Berkey Photo and Eastman Kodak Co., as well as his own photofinishing labs, Lerner Photo and Lerner Processing Labs. He was also active in the Australian photofinishing industry at the dawn of one-hour processing. Later, ... Read More
Kodak announces new capital sources, debt structure News 

Kodak announces new capital sources, debt structure

GaryPageau
Eastman Kodak Co. announced a series of financial transactions providing access to new capital, addressing maturing debt obligations, and strengthening the company’s ability to invest in strategic growth opportunities in print, advanced materials and chemicals, the company said. Kennedy Lewis Investment Management LLC has provided Kodak with an initial $225 million term loan and a commitment to provide delayed-draw term... Read More
Pigment.Inc. B.V. Europe to distribute Kodak garment inks News 

Pigment.Inc. B.V. Europe to distribute Kodak garment inks

GaryPageau , ,
Eastman Kodak Co. announces a partnership with Pigment.inc B.V Europe to be the premier worldwide distributor of Kodak’s KODACOLOR EDTG Series Direct to Garment (DTG) Inks. The KODACOLOR EDTG Series Inks from Kodak were explicitly designed for direct-to-fabric printing on cotton, cotton blends, and polyester fabrics. This water-based ink is designed to work in digital printers that employ piezo-electric printheads... Read More
Kodak reports second-quarter 2020 loss Earnings reports 

Kodak reports second-quarter 2020 loss

GaryPageau
Eastman Kodak Co. reported second-quarter 2020 revenues of $213 million and a net loss of $5 million. “Kodak continued to navigate the challenges posed by the pandemic during the second quarter,” said Jim Continenza, Kodak’s Executive Chairman. “Although the print industry slowdown impacted our performance, we continued to serve our customers and furthered our long history of innovation through the... Read More