Eastman Kodak Co Q4 2022 Earnings Call
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Executive Chairman & Chief Executive Officer, Eastman Kodak
Search every verified James Continenza interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. James Continenza, Executive Chairman and CEO of Eastman Kodak, has emphasized the company’s focus on its core businesses of print, film, and chemicals, describing the company as “a chemical company first” and stating that it had “lost its way” before his leadership. He has highlighted efforts to stabilize Kodak’s balance sheet, reduce debt, and improve operational efficiencies, noting that the company reduced net debt by $294 million compared to March 2019. Continenza has also pointed to revenue growth in all segments in 2021 and improvements in gross profit in 2022, attributing these results to cost-cutting, pricing actions, and a strategic plan implemented over the prior four years. In 2020, Continenza announced Kodak’s intention to produce pharmaceutical ingredients, with the U.S. International Development Finance Corporation signing a letter of interest for a potential $765 million loan. He described the loan as repayable over 25 years and said Kodak would repurpose existing buildings at Eastman Business Park to reduce costs. Continenza later stated that the application process had been placed on hold but that Kodak would continue expanding its pharmaceutical business regardless, though the scale and speed would depend on capital availability. He has also discussed investments in digital printing technology, including the release of the Prosper Ultra 520 press, and the construction of a facility to manufacture reagents for health care applications. Continenza has said he is “out” on Kodak’s prior venture into cryptocurrency, stating it is “not what we do.”
“I'm excited to talk to the transformation we've made over the last four years and the journey and the results are starting to follow the efforts that we've taken as a team.”
“These actions have repositioned the company enabling us to focus on initiatives that drive positive results and which continue to drive smart revenue and support our plan to return Kodak to sustainable profitable growth.”
“Our past actions include stabilizing our balance sheet allowing us to focus on overall business model, customers and growth initiatives.”
“We only win when our customers win.”
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Eastman Kodak made waves on Tuesday with news it is shifting into production of pharmaceutical ingredients with a $765 million ...
Kodak CEO Jim Continenza talks about federal loan to produce key starting materials for drugs.
Eastman Kodak Q4 results fail to impress the street April 1, 2019 Shares of the imaging firm Eastman Kodak (KODK) dropped ...
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