Kodak Reports Improved Profits; Inkjet Businesses Show Revenue Growth
• Kodak continues to forecast 2010 GAAP loss from continuing operations in the range of $50 million to $150 million, including the impact of the $102 million net charge for early extinguishment of debt, related to the company’s financing transactions in the first quarter of 2010.
• For full-year 2010, the company remains focused on its goal of achieving positive cash generation before restructuring payments. On a GAAP basis, the company is targeting net cash provided by continuing operations from operating activities in the range of $50 million to $150 million.
• The company continues to target a year-end cash balance in the range of $1.8 billion to $2.0 billion.
Form 10-Q and Conference Call Information
The Management Discussion & Analysis document is included as part of the company's Form 10-Q filing. You may access this document one of two ways:
1) Visit Kodak's Investor Center page at: www.kodak.com/go/invest and click on SEC filings
2) Visit the U.S. Securities and Exchange Commission EDGAR website at: www.sec.gov/edgar.shtml and access Eastman Kodak under Company Filings
In addition, Antonio Perez and Kodak Chief Financial Officer Frank Sklarsky will host a conference call with investors at 11:00 a.m. Eastern Time today. To access the call, please use the direct dial-in number: +1 480-629-9818, ID 4366957#. There is no need to pre-register.
The call will be recorded and available for playback by 2:00 p.m. Eastern Time on Thursday, October 28, by dialing +1 303-590-3030, ID 4366957#. The playback number will be active until Thursday, November 4, at 5:00 p.m. Eastern Time.
For those wishing to participate via the webcast, please access our Kodak.com Investor Relations webpage at: www.kodak.com/go/invest. The webcast audio will be archived and available for replay on this site approximately one hour following the live broadcast.
Source: Financial release.