Kodak Shows $119M Profit, Improved Cash Flow in Q1 Report

Kodak Logo

Kodak is reporting $119 million as first-quarter earnings from sales of $1.933 billion, or $0.40 per share on a diluted basis. This represents a $479 million year-on-year earnings improvement and reflects a previously announced intellectual property transaction and significantly improved operating results across all of the company’s key business segments.

Excluding the non-recurring intellectual property transaction, Kodak’s first-quarter segment earnings improved by $69 million and digital earnings improved by $60 million.

Additionally, cash generation before restructuring payments and the equivalent GAAP measure, cash used in operating activities, improved by more than $300 million during the first quarter. This performance was largely due to improved cash earnings and working capital. Cash received from intellectual property transactions was essentially the same year-over-year.

[Via: Kodak]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

Voightlander Prominent 35mm Range Finder Ultron 1:2/50 Case Leica Meter Nr Mint picture
Voightlander Prominent 35mm Range Finder Ultron 1:2/50 Case Leica Meter Nr Mint
Voigtlander Vitessa 35mm Film Camera with Ultron 50mm f/2 lens picture
Voigtlander Vitessa 35mm Film Camera with Ultron 50mm f/2 lens
VOIGTLANDER VSL1 (BM) BLACK BODY 35MM CAMERA COLOR-ULTRON 50MM LENS...NEAR MINT picture
VOIGTLANDER VSL1 (BM) BLACK BODY 35MM CAMERA COLOR-ULTRON 50MM LENS...NEAR MINT
VOIGTLANDER PROMINENT II, WITH 50/2 ULTRON/160502 picture
VOIGTLANDER PROMINENT II, WITH 50/2 ULTRON/160502
Vintage NEW IN BOX NOS Voigtlander 125/20 Vitessa LENS HOOD-2.0 Ultron Push Fit picture
Vintage NEW IN BOX NOS Voigtlander 125/20 Vitessa LENS HOOD-2.0 Ultron Push Fit