Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

Harris Corp. plans to add nearly 200 jobs and spend $90 million in Rochester for research and development. U.S. Sen. Charles Schumer joined Harris’ Communications Systems President Dana Mehnert and other Harris officials Tuesday to announce the job growth and ...

Tagged with: dana mehner Harris Schumer

Eastman Kodak Co., on the heels of the sale of its Flexographic Packaging Division, has announced several of new projects and collaborations. The former one-third of Rochester’s Big Three this week said it has partnered with a leading provider of ...

Tagged with: eastman kodak Kodak

Bausch Health Cos. Inc. is planning a major expansion to its contact lens manufacturing capacity in Rochester and Waterford, Ireland, the company announced Tuesday. The company did not disclose the investment amount. Bausch Health, the parent company of Bausch & ...

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Eastman Kodak Co. has sold its Flexographic Packaging Division for an estimated $390 million. Kodak Monday morning announced it had entered into a definitive agreement with Montagu Private Equity LLP, a European private equity firm with headquarters in London. Kodak ...

Tagged with: flexographic Kodak

Eastman Kodak Co. after the bell on Friday reported a third-quarter drop in sales, but a significant improvement in the bottom line. For the quarter ended Sept. 30, the imaging technology company reported revenue of $366 million, compared with $379 ...

Tagged with: Earnings Kodak

Seneca Foods Corp. on Friday reported a decline in sales but increase in income in the second quarter. For the second quarter ended Sept. 29, the Marion, Wayne County manufacturer reported sales of $320.66 million, down $7 million from the ...

Tagged with: Earnings seneca foods

A Rochester startup has been named a winner in the second annual FuzeHub Commercialization Competition 2018. MicroEra Power, a system integrator designing CHPplus—an onsite power system with high-efficiency hardware, thermal storage and smart software to provide businesses and utilities with ...

Tagged with: commercialization fuzehub microera

Graham Corp. on Thursday reported an improved second quarter, beating Street estimates for earnings, but missing on sales. Revenues for the quarter ended Sept. 30 jumped 24 percent to $21.4 million from $17.2 million a year ago. Net income was ...

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Bausch & Lomb Inc. parent, Bausch Health Cos. Inc., this week reported a third-quarter decline in revenue but gain in net income, beating analyst estimates. For the quarter ended Sept. 30, Bausch Health reported revenues of $2.136 billion, compared with ...

Tagged with: Bausch bausch & lomb Earnings

Ambrell Corp. parent inTEST Corp. last week reported an increase in third quarter revenues, heavily driven by its thermal segment and Ambrell’s record sales for the quarter. Revenues for the quarter ended Sept. 30 were up more than 16 percent ...

Tagged with: ambrell Earnings inTEST

SPX FLOW Inc.—which has its Lightnin subsidiary in Rochester—this week reported an increase in third quarter revenue and earnings, beating Street estimates. For the quarter ended Sept. 30, SPX reported sales of $530.3 million, up 8 percent from $491.1 million ...

Tagged with: Earnings spx

Parker Hannifin Corp. on Thursday reported increases in first quarter sales and income, beating analyst estimates for EPS. For the first quarter ended Sept. 30, Parker Hannifin—which has some 100 employees in the Rochester area—reported a 3 percent sales increase ...

Tagged with: Earnings parker chomerics parker hannifin

Ultralife Corp. shares topped $8.10 Thursday morning, following the Newark manufacturer’s third-quarter earnings release, which showed a dramatic improvement in its bottom line. Shares (Nasdaq: ULBI) had leveled off at $7.45 in heavier-than-usual trading this afternoon. For the quarter ended ...

Tagged with: Earnings ultralife

Ultralife Corp. has received a $9.5 million communication systems contract, its third multimillion-dollar contract this month. The fixed-price, indefinite-delivery/indefinite-quantity contract is from an undisclosed major defense prime contractor for vehicle communications kits for use by the U.S. Department of Defense, ...

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Transcat Inc. in its second quarter nearly doubled its net income, the company’s quarterly earnings, posted Tuesday, show. For the second quarter ended Sept. 29, Transcat reported sales of $38.88 million, up more than 8 percent from $35.93 million in ...

Tagged with: Earnings transcat