Kodak Says Reorganization on Track as Net Loss Increases

“During the quarter, we took decisive steps—including filing for Chapter 11 and exiting unprofitable businesses—to accelerate our transformation and emerge in 2013 as a profitable, sustainable business,” said Antonio M. Perez, chairman and CEO. “As a result, during the quarter we saw improved profitability of our Commercial and Consumer business segments. We will continue to exploit our competitive advantage at the intersection of materials science, digital imaging, and deposition technologies. Our commercial and consumer products and services continue to offer unique technologies and market-leading value propositions.