“We might not get back to what we used to be, and we don’t have to,” Continenza says. “We will get to where we’re supposed to be and continue to grow.”
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December 19, 2022
Comments Off on ‘Blue-collar CEO’ Jim Continenza steers Eastman Kodak in new directions
“We might not get back to what we used to be, and we don’t have to,” Continenza says. “We will get to where we’re supposed to be and continue to grow.”
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November 9, 2022
Comments Off on Kodak reports year-over-year revenue growth in 3Q for sixth consecutive quarter
Eastman Kodak Co. posted a third-quarter profit Tuesday despite what company leaders called a challenging business environment, with factors such as increased labor and materials costs and the impact of foreign exchange, affecting profitability.
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October 14, 2022
Comments Off on Demand for film driving need for workers at Kodak
Kodak is running its film finishing factory around the clock and needs additional workers to cover the workload, a company spokesperson said.
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September 30, 2022
Comments Off on Kodak to be named a national historic chemical landmark by American Chemical Society
The national organization will bestow the company with The Birthplace of Consumer Photography landmark designation, recognizing Kodak’s legacy in chemistry and future in advanced materials and chemicals.
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November 10, 2021
Comments Off on Kodak improves bottom line in Q3
Eastman Kodak Co. after the bell on Tuesday reported an improved third-quarter bottom line. Sales for the quarter ended Sept. 30 were $287 million, up from $252 million in the third quarter last year. Net income for the quarter rose ...
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May 13, 2021
Comments Off on Kodak improves bottom line in first quarter
Eastman Kodak Co. this week reported a first-quarter drop in sales but a hefty improvement in its bottom line. For the quarter ended March 31, revenues declined by $2 million to $265 million, compared with the same period in 2020. ...
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April 19, 2021
Comments Off on Kodak acquires Massachusetts manufacturer
Eastman Kodak on Monday said it has acquired the assets of ECRM Inc.’s computer-to-plate (CTP) device business for the graphic arts and newspaper industries. Based in Massachusetts, ECRM is a global leader in imaging technologies for the graphic communications industry, ...
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March 17, 2021
Comments Off on Kodak reports full-year net loss
Eastman Kodak Co. after the bell on Tuesday reported full-year financial results that include a steep decline in revenues and a net loss of $196 million for the year. For the full year ended Dec. 31, the Rochester company reported ...
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March 10, 2021
Comments Off on Golisano firm invests $100 million in Kodak
Grand Oaks Capital, an investment firm founded by Paychex founder Tom Golisano, has committed to invest a total of $100 million in Eastman Kodak Co. The firm purchased $75 million of Kodak’s 5 percent Series C Convertible Preferred Stock and ...
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March 8, 2021
Comments Off on Former Kodak CEO dies
Former Eastman Kodak Co. leader Colby Chandler died March 4. He was 95. Mr. Chandler joined Kodak in the 1950s and served as chairman and CEO from 1983 to 1990. He presided over the company when Kodak employed more than ...
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December 8, 2020
Comments Off on Kodak shares surge on news of DFC loan investigation
Eastman Kodak Co. shares surged on Monday on news that regulators had found no wrongdoing in a loan process that would have had the company manufacturing chemicals for COVID-19 and generic drugs. Following a report from the Wall Street Journal ...
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November 11, 2020
Comments Off on Kodak reports Q3 loss
After the bell on Tuesday, Eastman Kodak Co. reported a third-quarter decline in sales of $63 million and a net loss for the quarter of $445 million. Shares of company stock (NYSE: KODK) were down roughly 2 percent to $6.55 ...
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October 6, 2020
Comments Off on Eastman Museum installs Colorama for new visitor center opening
As the George Eastman Museum continues its renovations, a reproduction of a Colorama image is being installed adjacent to the museum’s new Thomas Tischer Visitor Center, scheduled to open to the public Oct. 10. The structure to display the Colorama ...
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September 16, 2020
Comments Off on After investigation, legal experts conclude Kodak, executives did not violate any laws
An independent legal review of Eastman Kodak Co.’s actions during and ahead of a July announcement that the Rochester manufacturer was in line to receive a massive loan to produce pharmaceuticals has concluded that the company and its executives broke ...
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August 17, 2020
Comments Off on Kodak shares slide as investigation continues
Eastman Kodak Co. shares (NYSE: KODK) in two days last month skyrocketed more than 1,100 percent, and plummeted 50 percent a few days later. Share price continues to fall following a blunder by Kodak leaders and an investigation by the ...
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