Kodak Reports Key Businesses Gaining Momentum

On the basis of U.S. generally accepted accounting principles (GAAP), the company reported a first-quarter loss from continuing operations of $249 million, compared with earnings on the same basis of $119 million in the year-ago period.

“Our strategy is working,” said Antonio M. Perez, chairman and CEO, Eastman Kodak. “We saw continued momentum in our strategic digital growth businesses, revenue growth in several of our established digital businesses, and improved cash performance, all of which position us well to achieve our two key financial metrics for the year related to growth and cash.