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

An Eastman Kodak Co. spokesman has confirmed that several Rochester employees will be laid off as part of the company’s announced restructuring earlier this month. An Aug. 10 Worker Adjustment and Retraining Notification Act (WARN) filed with the state Department ...

Tagged with: flexographic Kodak layoffs warn notice

David D. Reh, a Victor entrepreneur who founded materials handling companies Gorbel Inc. and Retrotech Inc., a business services support company, Raytec Group, and Ravenwood Golf Course, died on Saturday. He was 77. A farm boy who grew up in ...

Tagged with: Clarkson University david reh Gorbel Ravenwood Raytech Retrotech university of rochester

Xerox Corp. on Thursday confirmed plans to cut a number of jobs at its Webster facility, as well as facilities in Canada and throughout the U.S. “Xerox continues restructuring activities as part of its initiative to optimize its operations globally,” ...

Tagged with: job cuts layoffs xerox

Manufacturing activity remained robust in New York State this month, according to the August Empire State Manufacturing Survey, released yesterday by the Federal Reserve Bank of New York. The headline general business conditions index climbed three points to 25.6 in ...

Tagged with: empire state manufacturing survey

Art-Craft Optical Co. Inc. eyewear will be available in more than 540 Sam’s Club stores beginning next year. The Sam’s Club and Seiko/Hoya/Vision Ease agreement, announced Tuesday, will have the Henrietta manufacturer’s American made Dress Eyewear Collection in stores next ...

Tagged with: art-craft eyewear Sam's Club

U.S. manufacturing output softened in June, the latest IHS Markit U.S. Manufacturing Purchasing Managers’ Index shows. The PMI dipped to its lowest point in four months, as output and new orders both expanded at the slowest rates since last November. ...

Tagged with: IHS ihs markit manufacturing PMI

IEC Electronics Corp. last week reported a drop in third quarter earnings, missing Street estimates. For the third quarter ended June 29, the Newark, Wayne County, electronic contract manufacturing services provider reported revenues of $29.8 million, a 12 percent increase ...

Tagged with: Earnings iec iec electronics

Eastman Kodak Co. on Thursday reported a decline in second-quarter revenue and announced plans to unload its profitable Flexographic Packaging Division to pay down debt. The company also plans to eliminate some 325 positions, although company officials did not say ...

Tagged with: Earnings eastman kodak flexographic Kodak layoffs

Graham Corp. last week reported an improvement in first-quarter revenue and earnings, with an improvement in the Batavia manufacturer’s global energy and petrochemical markets. For the first quarter ended June 30, Graham posted a 42 percent increase in net sales ...

Tagged with: Earnings graham

Ontario County manufacturing mainstay Crosman Corp. has a new name, but the Crosman name still will be featured on airguns. The East Bloomfield company has adopted the name Velocity Outdoor, believing the change is more reflective of the Crosman Corp. ...

Bausch & Lomb Inc. parent, Bausch Health Cos. Inc., on Tuesday reported a decline in sales and a net loss in the second quarter, but the results were better than analysts had expected. Bausch Health, formerly Valeant Pharmaceuticals International Inc., ...

Tagged with: bausch & lomb bausch health bhc Earnings valeant

Parker Hannifin Corp. reported a rise in fourth quarter revenues that missed Street estimates but had an increase in earnings that topped predictions. Sales for the quarter ended June 30 came in at $3.82 billion, a 9 percent increase from ...

Tagged with: Earnings parker hannifin

Optimax Systems Inc. plans to expand its Wayne County facility with a 60,000-square-foot addition. The $21.7 million expansion will allow Optimax to raise the bar when it comes to supplying optics for its customers and will help the company solidify ...

Tagged with: ESD optics optimax

Garlock Sealing Technologies LLC parent EnPro Industries Inc. last week reported a 13 percent increase in second quarter sales and a 28 percent increase in net income, but failed to meet Street estimates. For the quarter ended June 30, EnPro ...

Tagged with: Earnings enpro garlock

Ambrell Corp. parent company, inTEST Corp., reported an increase in second quarter revenue and earnings, beating Street estimates. For the quarter ended June 30, inTEST reported net revenues of $21.1 million, up from $15.9 million in the second quarter last ...

Tagged with: ambrell Earnings inTEST