Printing Industry News for Canada | RSS | 
19 November 2024
Kodak Sales and Profits Are Down
ROCHESTER, NEW YORK—
Overall sales slipped by 3% to $261m, while operational profits fell by $11m to $1m. Kodak said the decrease was “primarily driven by higher manufacturing costs driven by an increase in aluminium costs, changes in employee benefit reserves, inventory reserve adjustment, as well as an increase in costs associated with certain litigation matters”.
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Plates are still a key part of Kodaks business
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Inkjet is becoming a bigger part of Kodak's business
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Sales at Kodak’s Print division, currently its biggest business, were down 7.1% at $182m and the unit made an operational loss of $9m compared to a $4m positive figure the prior year. Sales at Kodak's growing Advanced Materials & Chemicals wing, were up nearly 11% at $71m. Kodak’s share price fell by 16.6% following the results announcement. The three major world offset plate manufactures are Kodak, Fujifilm and Agfa (now EC03).In North America Kodak is considered to be the largest.It has been so competitive that Agfa sold their plate division last year .
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