
Yesterday Kodak published a press release announcing “continued performance improvement in segment profitability for the third quarter of 2012“. The company was able to reduce their expenses by 24% ($63 million). The operating loss for Q3 was $37 million ($87 million improvement from the previous year). The company’s profit margin increased by 2%:
“Since our Chapter 11 filing in January, we have focused on the businesses that are core to our future strategic direction and exited businesses that were unprofitable,” said Antonio M. Perez, Chairman and Chief Executive Officer. “The actions we are taking in response to economic and market conditions are working and will position us to emerge in 2013 as a growing, profitable, sustainable company.”
Can Kodak survive just with a successful restructuring/bankruptcy and without any major innovation/new products? In addition to the limited consumer products (mainly film, printers, memory cards and batteries), Kodak also has B2B products and services.
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