Eastman Kodak Company reports a net loss of $16 million for the 2018 fiscal year, on revenues of $1.3 billion, which were slightly less than 2017s. Kodak was able to trim operating costs by $9 million and increased sales volume on it printing plates. Revenues for the year were down about $60 million compared […]
Jeffrey Clarke has stepped down as CEO of Eastman Kodak, after nearly five years as head of the reorganized company. A company news release says Jim Continenza has been named the new executive chairman, taking over Clarke’s responsibilities. Continenza will continue as chair of the Kodak Board of Directors, a role he’s had since […]
Kodak has sold its Flexographic Packaging Division, generating quick revenues it needs to meet its debt obligations. Montagu Private Equity will take ownership, and turn Flexographic into a standalone company under the same management team. The purchase price was $340 million. Kodak CEO Jeff Clarke said in a statement that this is an […]