Eastman Kodak

Eastman Kodak is reporting first-quarter financial results, and they show a decline in both earnings and revenues.

The company saw a net loss of $111 million, compared to an $18 million loss a year ago. Kodak says the change is due in part to tax related charges for locations outside the U.S.

Revenues came in at $267 million, down from $291 million a year ago.

A lot of local companies and organizations are stepping up to help out during the coronavirus pandemic, and that includes Kodak.  The company says it has entered into an agreement with New York state to supply isopropyl alcohol to help with the production of hand sanitizer that the state is making.

Governor Andrew Cuomo announced in early March that  the state is manufacturing its own hand sanitizer to deal with the shortage of the disinfectant product.

Eastman Kodak is reporting its earnings and sales for 2019, and it’s a mixed picture. Earnings of $116 million were reported on Tuesday, compared to a loss of $16 million a year ago.

Revenues totaled $1.2 billion, a drop of 6% compared to last year.

Eastman Kodak has confirmed reports that it has signed new deals with five major film studios including Disney, NBCUniversal, Paramount, Sony and Warner Bros. Those companies have made a commitment to buy film for the foreseeable future.

Kodak has not said at this point how long those contracts are for, but did indicate this is a "long term deal."

Kodak is the last big supplier of motion picture film. Competitor Fujifilm stopped its production in 2013.

As a longtime Rochester resident facing a roomful of city and county movers and shakers, Thomas Tischer alluded to the piles of architectural renderings whose promise never sees the light of day.

"Beyond plans," he said, sitting in the Dryden Theater on Monday morning, "you want reality."

Eastman Kodak is reporting a net loss of $5 million in its third quarter. That compares to a profit of $19 million at this time last year.

Revenues for the most recent quarter were at $315 million, down from $329 million last year.

Kodak Executive Chairman Jim Continenza says that looking ahead to 2020, Kodak will focus on generating cash “by growing profitable revenue, making smart investments and eliminating unnecessary spending.”

The state Department of Environmental Conservation has released a proposed plan to clean up parts of the Genesee River that were polluted by Eastman Kodak operations decades ago.

It will host a public meeting on the proposal from 6 to 8 p.m. Oct. 23 at the Central Library of Rochester and Monroe County's Rundel building, 115 South Ave.

Eastman Kodak is out with its 2nd quarter earnings report, and the company is reporting an increase in profits and a drop in sales.

Net earnings of $201 million were a lot higher than the profits of $4 million a year ago. But that is due mostly to the gain realized from the sale of the company’s Flexographic Packaging Division.

At Brighton Securities, George Conboy notes that without the sale off that division, Kodak would have seen a $ 6 million loss.