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Manufacturing

Bello: Investment in tech, people, parks key for county future (access required)

Creating a vibrant and equitable Monroe County as a great place to live, work and raise a family can be achieved through focus on pillars of stability: economic and workforce development, public safety, public health and wellness and infrastructure. That ...

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Kodak reports first-quarter loss   (access required)

Eastman Kodak Co. reported a first-quarter loss after markets closed Tuesday as company leaders described an extremely challenging business environment.   Kodak reported revenues of $290 million, up $25 million from revenues of $265 million during the previous year’s quarter.   The company ...

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Manufacturers plan ahead, stockpile materials to offset supply chain struggles

With no indication supply chain shortages will ease anytime soon, local manufacturers are planning ahead — way ahead. Increasing inventory is one way to ease anxiety and save a little money, says Eddie Harris, owner of American Specialty Manufacturing Co., ...

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Hyzon reports first-quarter loss, manufacturing milestone (access required)

Hyzon Motors Inc. reported a first-quarter net loss attributable to the Honeoye Falls-based company of $8.5 million on revenue of $356,000 and operating expenses of $27.1 million. The first-quarter financial report showed a net loss of .03 per share for ...

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“Handcrafted Hotel” episode featuring local firm airs tonight   (access required)

A local millwork contractor will be featured tonight on an episode of the “Handcrafted Hotel” series airing on Magnolia Network and Discovery+.   Pioneer Millworks’ Farmington campus will be featured on the episode, which will contain interviews with the company’s ...

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Ultralife reports first-quarter net loss, double-digit increase in sales   (access required)

Ultralife Corp. reported a first-quarter net loss before markets opened on Thursday due, in part, to rapid input cost inflation and investments in engineering for new product development.   The company reported a net loss of $168 million, or a ...

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Vuzix and partners provide medical support to doctors in Ukraine (access required)

Vuzix Corp. has collaborated with Ohana One, a global surgical training nonprofit organization, and TeleVU, a Canadian technology company, to provide critical support to medical personnel in Ukraine.   Vuzix has donated several M400 smart glasses, which will run TeleVU ...

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Inflation and supply chain disruptions impact Xerox’s first quarter results (access required)

Xerox Holdings Corp. reported on Thursday a first-quarter net operating loss due to broad-based inflationary pressure and increased logistics costs from supply chain disruptions.   The company reported a net loss of $56 million, or 38 cents a share, compared ...

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Constellation Brands reports increase in year-over-year fourth-quarter earnings  (access required)

Constellation Brands Inc. reported Thursday its fourth-quarter net income rose to $395.4 million, or $2.07 a diluted share, from $382.9 million, or $1.95 a diluted share, in the year-ago period.   Excluding items, Constellation Brands reported adjusted earnings of $451.7 million, ...

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Michigan-based firm to acquire Klein Steel   (access required)

Alro Steel has entered into an agreement to acquire certain assets of Klein Steel.   The transaction is expected to close by the end of April; financial terms were not disclosed. Alro leaders said the purchase will allow the Michigan ...

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