Kodak’s Quarterly Report Highlights Progress in Business Transformation

“More than anything, the results of this quarter reflect our continued progress toward establishing digital growth businesses that will form the nucleus of a new Kodak,” said Antonio M. Perez, chairman and CEO, Eastman Kodak. “In Consumer Inkjet, ink gross profit dollars doubled in the third quarter and year-to-date. Our installed base of printers is now sufficiently large that we expect to meet a key milestone in the fourth quarter—achieving positive gross profit for this business as a whole, driven by ink gross profit. Packaging Solutions sales increased 89 percent in the quarter and more than 130 percent year-to-date. In Commercial Inkjet, revenue for the entire PROSPER product line rose 40 percent in the third quarter, and we anticipate that revenue recognition for PROSPER presses will accelerate in the fourth quarter, based on installations already in the field and continued success in the marketplace.