Kodak earned $19 million in third quarter

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After years of financial troubles, Kodak reported $19 million earnings in third quarter:

  • Net earnings totaled $19 million; Operational EBITDA was $89 million, up from $42 million in the previous-year quarter.
  • Sales totaled $564 million, an increase of $1 million from the third quarter in 2013.
  • Year-to-date Operational EBITDA was $119 million; YTD net loss was $77 million.
  • Company expects to meet projections for 2014 of revenue between $2.1 and $2.3 billion and Operational EBITDA between $145 and $165 million.
  • Strong sales growth achieved for key strategic technology products.
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  • ulysse

    this is great news, despite the loss of some great C41 and E6 films, Kodak is doing better again, I wish they produced new CCD sensors for mirrorless fullframe cameras, those backlighted cmos sensors just offer crappy color reproduction and work in pp.

    • Eric Calabros

      I prefer crappy color to unrecoveable crappy shadows

      • Duncan Dimanche

        yup nough said

      • Les

        Eric,

        Unrecoverable shadows are an exposure issue. The type of people who use the few (pro-level) CCD cameras left on the market can be expected to have mastered basic exposure.

        I do agree with you that amateur cameras are better-off with CMOS-sensor cameras.

    • Spy Black

      You can compensate for bad color, you can’t compensate for bad luminosity.

      I miss Ektachrome and Kodachrome, I wish they would have sold the rights to them off to someone who may have wanted to continue manufacturing them. At least for the moment I still have Fujichrome.

      • fjfjjj

        What kind of “bad” color is so easy to correct? It can be very difficult to compensate for wacky spectral sensitivity issues. Poor chroma resolution means information that’s lost forever. Lots of cameras suffer from both.

        • Spy Black

          I didn’t say it would necessarily be easy, but you can correct for bad color, you can’t make up for lost luminosity data.

    • rafakoy

      This is not the film or sensor division. This Kodak doesn’t make film or sensors anymore.

      • ZoetMB

        It’s a little more complicated than that. Because this division DOES still make motion picture negative and print film.

        I actually find that strange because I believe that still film came off pretty much the same manufacturing lines as motion picture film, but distributing into the consumer marketplace is an expensive proposition, so I guess Kodak felt that couldn’t make money at it anymore because demand is so down.

        I’m also surprised (in spite of Interstellar and the upcoming western from Tarantino) that they can make any money in motion picture film since there was never much profit in negative – it was all in making prints and there are almost no 35mm prints being made anymore. Although the “sunset date” for film prints keeps getting pushed off by the industry (although Paramount is no longer making any 35mm prints), it’s going to happen sometime in the next few years.

        But I do have to wonder whether they could have kept the still film business and distributed only to major camera retailers and to consumers directly via online sales, thereby heavily reducing distribution costs and hopefully making money.

        Also, this new Kodak is mainly a licensing operation. They license the Kodak name to other manufacturers who want to use it. I suspect that won’t be successful in the long run as it dilutes the brand.

  • Mike

    They are still a huge company. Glad to see they are making some profit.

    • Spy Black

      I wouldn’t call them huge.

      • Remedy

        I wouldn’t call them small or even average either…

        • Spy Black

          I would. They’re really not that big anymore.

        • fjfjjj

          3500 (thirty five hundred) employees, down from 60000 (sixty thousand). They’re not huge anymore.

  • Eagle Of morningcalm

    sony sensors becoming boring. please kodak make your own sensor

    • Zograf

      The did. Once upon a time. Quite good sensors actually. BUT no better than their films 😉 Sad to see the pioneer of digital cameras making “profit again”. Good luck to them. In the corporate printing business…

  • Tv

    Lets hope Kodak’s turn around continues to be successful. It might be one of those cases written up in bushiness studdies text books if they can actually make this work which they look like they are doing. It has been an amazing turn around so far.

  • fjfjjj

    Does this mean we can have the old logo back? Or are they going to keep pretending to be Twitter?

    • K25

      They probably wasted millions on “rebranding”

      The older logos were both visually attractive and had immense intrinsic value. Change for the sake of change.

      • fjfjjj

        Change for the sake of building someone’s résumé.

    • ZoetMB

      Kodak Alaris got to keep the old logo. (That’s the still film company). Both companies can’t use the same logo.

      • fjfjjj

        A shame that Alaris doesn’t seem to be using it.

  • Shaun

    Word up!! Kodachrome Bitches!!! (throws up gang signs)

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