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Eastman Kodak reports Q4 revenue $305M vs $307M last year
The Fly

Eastman Kodak reports Q4 revenue $305M vs $307M last year

"Kodak delivered strong performance in 2022, growing revenue in consecutive years for the first time in decades, launching new products and investing in our future despite ongoing inflationary and supply chain challenges," said Jim Continenza, Kodak’s Executive Chairman and CEO. "Our performance reflected the success of our strategic plan, which began four years ago with stabilizing our balance sheet, reorganizing as One Kodak and focusing on our core businesses. Our priorities for 2022 included providing our customers with uninterrupted supplies, reducing costs by improving operational efficiency and implementing pricing actions to realize the value of our offerings, which contributed to a year-over-year increase in gross profit for the fourth quarter. We also continued to invest in initiatives including updating our infrastructure and developing growth businesses in our Advanced Materials & Chemicals group. More recently, we debuted the groundbreaking KODAK PROSPER ULTRA 520 Inkjet Press and KODACHROME Inks at the Hunkeler Innovationdays event and received extremely positive reaction from customers and prospects who are excited about the new press’s ability to increase productivity by delivering offset quality at unprecedented speeds. Our goal is to build on the momentum we’ve generated to continue our transformation in 2023."

Published first on TheFly

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