Kodak Reports Key Businesses Gaining Momentum

ROCHESTER, NY—April 28, 2011—Eastman Kodak reported first-quarter results that it said reflect continued momentum of the company’s core digital growth businesses and improved cash performance.

First-quarter sales were $1.322 billion, a 31 percent decrease from the year-ago quarter, primarily due to a $550 million non-recurring intellectual property licensing transaction in the year-ago period. Excluding the impact of the prior-year intellectual property transaction, first-quarter sales decreased by 3 percent and digital revenue increased by 2 percent.