• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Suppliers Guide
      • Add Your Company
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Kodak Returns to Profitability in 2Q 2016

    In Micro 3D Printing, Kodak continues to focus on copper mesh touch sensors.

    Related CONTENT
    • CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production
    • ASSA ABLOY to Acquire HHI Division of Spectrum Brands
    • Brady Corporation Reports Fiscal 4Q 2021 Results
    • Space Mission Tests NREL Perovskite Solar Cells
    • Applied Materials Announces 3Q 2021 Results
    08.15.16
    Eastman Kodak Company reported financial results for the second quarter, ended June 30, 2016, delivering a return to profitability based primarily on an increase in GAAP income from continuing operations.
     
    GAAP net income was $8 million for the quarter ended June 30, 2016, an improvement of $31 million over the same period a year ago. Income from continuing operations was $16 million for the quarter, a $31 million improvement over the prior year. The company ended the quarter with a cash balance of $513 million, equal to the cash balance at the end of the first quarter of 2016. In the same period a year ago, the cash balance declined by $33 million.
     
    Revenues for the second quarter were $397 million, compared with revenues of $434 million in the same period last year, a reduction of $37 million, or 9%.
     
    Operational EBITDA for the second quarter of 2016 was $34 million, flat with the second quarter of 2015. On a constant currency basis, Operational EBITDA improved by $3 million year over year for the quarter.
     
    The company reiterated 2016 revenues guidance of $1.5 billion to $1.7 billion and Operational EBITDA guidance of $135 million to $150 million.
     
    During the quarter, the company had a major presence at the drupa print industry trade show, introducing more than 20 new products and technologies and exceeding sales targets.
     
    The company remains committed to completing the sale of the KODAK PROSPER business, which is presented within discontinued operations. Kodak continues to make significant investments in the business, which grew its year-over-year annuity revenue by 35% in the second quarter.
     
    “I’m pleased with Kodak’s return to profitability and the continued improvement of our quality of earnings,” said Jeff Clarke, Kodak CEO. “While overall revenues declined, the company showed growth in our SONORA Plates, FLEXCEL NX Systems and motion picture film businesses.”
     
    “Kodak demonstrated improvement in our cash flow and overall balance sheet in the second quarter,” said David Bullwinkle, Kodak CFO. “We continue to be committed to generating cash in 2016.”
     
    Print Systems Division (PSD) Kodak’s largest division, had second quarter revenues of $258 million, a 9% decline compared to 2015. Operational EBITDA for the quarter was $22 million, up $2 million or 10% from the same period a year ago. On a constant currency basis, Operational EBITDA improved by 15%. For the quarter, KODAK SONORA Plate volume increased by approximately 8%.
     
    Micro 3D Printing and Packaging Division (MPPD) had solid results for the quarter, driven by strong performance of the KODAK FLEXCEL NX Packaging business, which continues to represent a significant growth area for Kodak. Revenues for the second quarter were $35 million, compared to $33 million in the same period a year ago. Operational EBITDA declined by $2 million, primarily driven by unfavorable foreign exchange rates, investment in drupa and increased R&D expenses.
     
    Revenues for the FLEXCEL NX Packaging business increased by 7%, and the company placed 12 Computer-to-Plate units in the quarter. FLEXCEL NX Plate volume grew at 16% year over year.
     
    In Micro 3D Printing, Kodak continues to focus on copper mesh touch sensors and shipped products to an All-in-One OEM customer in the second quarter.
    Related Searches
    • kodak
    • sensors
    • 3d printing
    • drupa
    Suggested For You
    CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production
    ASSA ABLOY to Acquire HHI Division of Spectrum Brands ASSA ABLOY to Acquire HHI Division of Spectrum Brands
    Brady Corporation Reports Fiscal 4Q 2021 Results Brady Corporation Reports Fiscal 4Q 2021 Results
    Space Mission Tests NREL Perovskite Solar Cells Space Mission Tests NREL Perovskite Solar Cells
    Applied Materials Announces 3Q 2021 Results Applied Materials Announces 3Q 2021 Results
    eMagin Corporation Announces 2Q 2021 Results eMagin Corporation Announces 2Q 2021 Results
    Zebra Technologies Announces 2Q 2021 Results Zebra Technologies Announces 2Q 2021 Results
    CCL Industries Announces 2Q 2021 Results CCL Industries Announces 2Q 2021 Results
    Universal Display Announces 2Q 2021 Financial Results Universal Display Announces 2Q 2021 Financial Results
    Emerson Reports 3Q 2021 Results Emerson Reports 3Q 2021 Results
    Identiv Reports 2Q 2021 Results Identiv Reports 2Q 2021 Results
    DuPont Reports 2Q 2021 Results DuPont Reports 2Q 2021 Results
    NXP Semiconductors Reports 2Q 2021 Results NXP Semiconductors Reports 2Q 2021 Results
    Identiv Appoints Amir Khoshniyati as VP of Business Development, Americas Identiv Appoints Amir Khoshniyati as VP of Business Development, Americas
    LG Display Reports Second Quarter 2021 Results LG Display Reports Second Quarter 2021 Results

    Related Breaking News

    • Breaking News | Photovoltaics | Research Institutions
      NREL Creates Highest Efficiency 1-Sun Solar Cell

      NREL Creates Highest Efficiency 1-Sun Solar Cell

      Researchers created a solar cell with a record 39.5% efficiency under 1-sun global illumination.
      05.19.22

    • Breaking News | Displays and Lighting | Manufacturers News
      eMagin Wins People’s Choice Award at Display Week 2022

      eMagin Wins People’s Choice Award at Display Week 2022

      Honored for Best New Display Technology for its direct patterned single-stack OLED microdisplay.
      05.19.22

    • Breaking News | Manufacturers News | Product Releases | RFID and NFC
      Wiliot Launches Battery-Assisted Version of its IoT Pixel Tags

      Wiliot Launches Battery-Assisted Version of its IoT Pixel Tags

      The new Battery-Assisted IoT Pixel tag leverages the same ultra-power-efficient cloud and chip technology as its battery-free counterpart.
      05.19.22


    • Breaking News | RFID and NFC
      Zebra Technologies Board Approves Additional $1 Billion Share Repurchase

      Zebra Technologies Board Approves Additional $1 Billion Share Repurchase

      This authorization augments the previous $1 billion purchase authorization which was announced on July 30, 2019.
      05.19.22

    • Breaking News | RFID and NFC
      From Phygital to Virtual IDs

      From Phygital to Virtual IDs

      ID cards, passports and driver’s licenses are increasingly ‘phygital’ across much of the world.
      05.19.22

    • Breaking News | RFID and NFC
      Tageos Launches EOS-840 RAIN RFID Sensor Inlays

      Tageos Launches EOS-840 RAIN RFID Sensor Inlays

      New battery-free sensor inlays are based on Asygn’s AS321x IC platform.
      05.19.22


    • Breaking News | Manufacturers News | Sensors and Wearables
      Emerson Earns Third Consecutive 2022 ENERGY STAR Partner of the Year Award

      Emerson Earns Third Consecutive 2022 ENERGY STAR Partner of the Year Award

      As a three-time winner, Sensi is the only smart thermostat to win the Sustained Excellence Award from ENERGY STAR.
      05.18.22

    • Breaking News | Manufacturers News | Photovoltaics
      First Solar to Sell Japan Project Development, O&M Platforms to PAG Real Assets

      First Solar to Sell Japan Project Development, O&M Platforms to PAG Real Assets

      In 2021, PAG acquired two projects under development by First Solar in Japan with a total capacity of 50 MWDC.
      05.18.22

    • 3D Printing | Breaking News | Contract Manufacturing/Printing | Manufacturers News
      Jabil Strengthens Additive Manufacturing Offerings

      Jabil Strengthens Additive Manufacturing Offerings

      Adds new PK 5000 engineered material and digital manufacturing expansions.
      05.17.22


    • Breaking News | Manufacturers News | RFID and NFC
      Avery Dennison, Wiliot Partner to Build and Scale the Future of IoT

      Avery Dennison, Wiliot Partner to Build and Scale the Future of IoT

      Avery Dennison will leverage its R&D capabilities and scale to design and manufacture second-generation Wiliot tags.
      05.17.22

    • 3D Printing | Breaking News | Manufacturers News
      HP Delivers Enhanced Platform Capabilities to Accelerate Additive Manufacturing Production at Scale

      HP Delivers Enhanced Platform Capabilities to Accelerate Additive Manufacturing Production at Scale

      Advancements to HP Jet Fusion 5200 platform deliver on speed, quality, cost, reliability.
      05.17.22

    • Breaking News | Manufacturers News | RFID and NFC
      Identiv Showcases Bespoke RFID and IoT Solutions at RFID Journal LIVE!

      Identiv Showcases Bespoke RFID and IoT Solutions at RFID Journal LIVE!

      Company positioned to meet the growing demand for RFID and NFC solutions to verify and secure the IoT.
      05.17.22


    • Breaking News | Manufacturers News | Photovoltaics
      Scout Clean Energy Orders 378 MW of First Solar Modules

      Scout Clean Energy Orders 378 MW of First Solar Modules

      Advanced, lower carbon thin film solar modules to power Scout projects.
      05.17.22

    • Breaking News | Manufacturers News | RFID and NFC
      Eight in 10 Warehouse Associates Say They are Seeing PositIve Workplace Changes: Zebra

      Eight in 10 Warehouse Associates Say They are Seeing PositIve Workplace Changes: Zebra

      In a new Zebra study, about 60% report improving work conditions and better adoption of technologies such as RFID and wearables that make their jobs easier.
      05.17.22

    • Breaking News | Manufacturers News | RFID and NFC
      HID Global Acquires Vizinex RFID

      HID Global Acquires Vizinex RFID

      Acquisition enhances HID Global’s portfolio of asset tracking tags to now also include a RFID product platform based on printed circuit board assembly (PCBA).
      05.17.22

    Breaking News
    • NREL Creates Highest Efficiency 1-Sun Solar Cell
    • eMagin Wins People’s Choice Award at Display Week 2022
    • Wiliot Launches Battery-Assisted Version of its IoT Pixel Tags
    • From Phygital to Virtual IDs
    • Zebra Technologies Board Approves Additional $1 Billion Share Repurchase
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Kyowa Hakko Appoints Dr. Colin Hill to Immuse Scientific Advisory Board
    Expert Consensus Statement: Diet is Best Primary Intervention to Achieve Diabetes Remission
    Choline Alone May Improve Maternal DHA Status During Pregnancy
    Coatings World

    Latest Breaking News From Coatings World

    Teknos Receives EcoVadis Gold Medal for Sustainability Performance
    AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenges
    Five PPG Facilities in Ohio Recognized for Sustainability, Health, Safety Practices
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    VenoStent's SelfWrap Bioabsorbable Perivascular Wrap Earns Breakthrough Status
    Guard Medical Closes $11 Million Series B Investment
    OMNIVISION, Silicon Line Partner on Optical Fiber Endoscope Cables
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Catalent Invests $175M to Expand Mfg. Capabilities at Winchester, KY
    Sartorius Expands Manufacturing Site in Tunisia
    BioMoti Partners with Pharma Company to Develop Ovarian Cancer Treatment
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Garance Doré Launches Made in France Skincare Line
    The World’s Most Popular Perfumes & Celebrity Fragrances
    Ulta Beauty Launches Retail Media Network
    Happi

    Latest Breaking News From Happi

    Loum Beauty, Rare Beauty Launch #BeautyCares Voices
    ACI Urges Congress To Ensure Funding for EPA’s Office of Chemical Safety and Pollution Prevention
    Dr. Dana’s Nail Renewal System Relaunches Under Rare Beauty Brands
    Ink World

    Latest Breaking News From Ink World

    hubergroup Chemicals Exhibits at Paint India for First Time
    Award for Sustainability: Evonik Receives Platinum Rating Again
    Nazdar Ink Technologies to Showcase Latest Ink Innovations at FESPA Global Print Expo 2022
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Dantex Group receives accreditation for Pico digital presses
    Heidelberg USA launches new Print Media Performance & Training Center
    Avery Dennison announces Global Supplier Award winners
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    'Right' Hygiene Conference to be Held in June
    Freudenberg to Present Battery Pack and Liquid Absorbers at Battery Show
    H&V Appoints Vice President and General Counsel
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Paragon 28 Rolls Out TenoTac 2.0 Hammertoe and Soft Tissue Repair
    Cionic Expands Scientific Advisory Board
    First Surgeries Performed Using Globus Medical's Excelsius3D
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    NREL Creates Highest Efficiency 1-Sun Solar Cell
    eMagin Wins People’s Choice Award at Display Week 2022
    Wiliot Launches Battery-Assisted Version of its IoT Pixel Tags

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login