Wednesday, May 1, 2013

Kodak Plans to Emerge from Bankruptcy

Kodak files reorganization plan to emerge from Chapter 11 bankruptcy:
According to the company, the plan and a disclosure statement, which includes a historical profile of the company, details how Kodak plans to maintain and extend its leadership image in the commercial printing industry.
Eastman Kodak has reported $283 million in consolidated net earnings in the first quarter of 2013, compared to a $366 million loss in the prior-year quarter. The profitable quarter reflects improved results of the Commercial Imaging segments and includes a $535 million gain recorded on the sale of Kodak’s digital imaging patent portfolio, partially offset by a $77 million non-cash goodwill impairment charge related to the patent sale