Kodak Reports Key Businesses Gaining Momentum

• Film, Photofinishing and Entertainment Group first-quarter sales were $367 million, a 14 percent decline from the year-ago quarter, driven by continuing industry-related declines. First-quarter loss from operations for the segment was $15 million, compared with earnings of $22 million in the year-ago period. This decrease in earnings was primarily driven by significantly increased raw material costs, particularly silver, and industry-related declines in volumes, partially offset by cost reductions across the segment.