Kodak Posts Q1 Profit of $283 Million

Kodak’s cash balance at the end of the first quarter stood at $1.17 billion, an increase from the $1.14 billion reported at the end of 2012.

Sales from continuing operations totaled $849 million in the quarter, a 9 percent decrease from the $928 million in the previous year’s quarter.

“Our path to emergence is now clear, and the plan of reorganization we expect to file with the court tomorrow provides a roadmap for the new Kodak,” Perez noted. “As we continue to drive improvements in our business to complete our transformation, I am more confident than ever that we will succeed, with the continuing support of our customers and the dedication of our team to serving customers’ needs.”

Source: Kodak.