Kodak expects increased earnings

Manufacturing News, Source : TheManufacturer.com
Published : 11 Jul 2002 16:32

Despite a decline in expected second quarter sales, Eastman Kodak still expects to gain 97 cents a share, up from 12 cents last quarter.

The success is attributed to the company’s restructuring plan, improvements in manufacturing processes, and operational performance.

The industry as a whole has taken a hit in lower sales during the second quarter because of the weakened global economy, and Kodak expects the full-year result to fall slightly shy of last year’s.

Daniel Carp, chairman and CEO, said that by cutting costs, achieving manufacturing improvements, generating cash, and introducing new products and services, Kodak has followed through with its initial goals. In addition, it has been able to sustain investments in R&D.

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