Kodak Reports Key Businesses Gaining Momentum

• Segment Gross Profit was 10.5 percent of sales, as compared to 41.2 percent of sales in the year-ago period. On a GAAP basis, gross profit was 9.5 percent of sales, as compared to 41.4 percent of sales in the year-ago period. This decrease in margin was primarily driven by the non-recurring intellectual property licensing agreement in the prior-year quarter.