Kodak Says Reorganization on Track as Net Loss Increases

By Segment

The Consumer Segment’s loss improved by $23 million in the first quarter of 2012 to $164 million from $187 million in the same period in the prior year. Excluding the impact of the Korean tax refund, the Consumer Segment generated an $84 million year-over-year improvement in profitability. Driving this improvement were several factors, including enhanced cost controls, solid revenue growth in the retail systems solutions business driven by higher demand for consumables, a 34 percent increase in consumer inkjet ink revenues, and the decision to phase out of the digital capture business.