Thursday, January 28, 2010

Kodak reports strong fourth quarter

That's the whole company at least, which "today reported fourth-quarter 2009 earnings from continuing operations of $430 million, or $1.36 per share, on sales of $2.582 billion." As for Document Imaging, "the
Net sales were flat, as volume declines were offset by favorable price/mix. Business process service volume declined, the effect of which was partially offset by sales stemming from the acquisition of the scanner division of Bowe, Bell & Howell in the third quarter of 2009.

It sounds like the BBH Scanners acquisition led to a greater number of sales of higher-volume scanners - which makes sense based on BBH's scanner line, which really helped Kodak DI in the fourth quarter.

As for the profitability for the whole company, it was driven by patent licensing to phone and camera manufacturers and drive the company's stock up almost 20%.

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