Kodak Reports Improved Profits; Inkjet Businesses Show Revenue Growth

Third-quarter sales were $1.758 billion, a 1 percent decrease from the year-ago quarter, including two percentage points of unfavorable foreign exchange impact. As a result, third-quarter revenue was up slightly in local currencies.

Revenue from the company’s digital businesses grew 10 percent in the third quarter, reflecting increased demand for its consumer and commercial inkjet products, packaging solutions and workflow software and services, along with a non-recurring intellectual property licensing agreement. Revenue from the company’s digital commercial printing businesses grew by 13 percent in the third quarter, including 23 percent growth in commercial inkjet printing. Consumer inkjet printer and ink revenue grew by 26% in the third quarter.