Kodak leader bullish on future, noting “the Kodak comeback is well underway”

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Eastman Kodak Co.’s top executive recently highlighted plans for the business that includes the roll-out of new products, initiatives focused on its advanced materials and chemicals segment and the expansion of manufacturing capabilities for its still and motion picture film business. 

“Sticking to our long-term strategic plan, we continue to invest in innovation in our core businesses of print and advanced materials and chemicals,” said Jim Continenza, Kodak’s executive chairman and CEO. “Looking ahead, we plan to continue our momentum by meeting the needs of our customers today and investing in growth for the next generation.” 

That includes the following steps, he noted.  

Kodak is readying to showcase a range of new products for offset and digital print at drupa, the largest print equipment exhibition in the world, which will be held in Germany later this month.  

Additionally, the business is investing in several initiatives in advanced materials and chemicals leveraging its knowledge of chemicals, layering and coating technologies. Kodak is also planning to expand its manufacturing capacity to meet growing demand for still and motion picture film.  

The company reported late last week that first-quarter revenues were $249 million, a decrease of $29 million or 10 percent, compared to the same period in 2023. 

GAAP net income was $32 million for the quarter, compared to $33 million in 2023, a decrease of $1 million or 3 percent.  

Kodak ranked as the region’s third largest manufacturer on the most recent RBJ list with roughly 1,300 local employees.  

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