Eastman Kodak Co. (EK:NYSE)

Contac Services is better meeting the needs of its clients with two newly added KODAK NEXPRESS S3000 Digital Production Color Presses and KODAK NEXPRESS Glossing Units, and Dimensional Printing available as part of KODAK NEXPRESS Fifth Imaging Unit Solutions. The company is helping deliver its clients' messages via high-quality one-to-one communications and marketing materials through its 'Corporate Store Program,' enabled by KODAK Unified Workflow Solutions.

Avnet Inc. announced that it has signed a service agreement with Kodak. Under the terms of the agreement, Kodak will service the majority of document scanners distributed by Avnet in the UK and Ireland for various manufacturers, enhancing Avnet's existing service offerings in these regions. Further European countries will be added to the agreement later in the year. Avnet's service agreement with Kodak enables resellers to offer a fully rounded solution that will differentiate them from their competitors, increase the value of their sales and provide a stream of regular renewals revenue. Kodak also offers service capabilities across a wide range of products, not distributed by Avnet, within the IT sector, and Avnet's channel partners will now be able to extend their portfolio to include these additional services. The ability to deliver an increased choice of service support from Kodak adds increased value to Avnet's channel partners' offering.

Eastman Kodak Co. reported earnings results for the third quarter ended September 30, 2009. Sales worldwide totaled $1.781 billion, a decrease of 26% from $2.405 billion in the third quarter of 2008, including 2% of unfavorable foreign exchange impact. The company's third-quarter loss from continuing operations, before interest expense, other income (charges), net, and income taxes was $81 million, compared with earnings on the same basis of $147 million in the year-ago quarter. On the basis of U.S. generally accepted accounting principles (GAAP), the company reported a third-quarter loss from continuing operations of $111 million, or $0.41 per share, compared with earnings on the same basis of $101 million, or $0.35 per share, in the year-ago period. Net cash used in continuing operations from operating activities (GAAP basis) of $16 million against $47 million for the same period a year ago. The company reaffirms earnings outlook for the full year of 2009. For the period, the company provided an updated outlook regarding its targets for 2009 performance, recognizing the ongoing uncertainty created by the global economic environment. For the full year, Kodak now expects its total revenue decline rate to be at the high end of the previously forecasted range of 12% to 18%, due in part, to results to date and to the company's increased focus on cash and earnings. Kodak is targeting 2009 segment earnings that will be within the previously communicated range of $0 to $200 million. Correspondingly, the company previously forecasted 2009 GAAP loss from continuing operations of $200 million to $400 million, and continues to forecast that GAAP results will be at the low end of that range, reflecting its latest assessment of restructuring charges, interest expense, and interest income. For full-year 2009, the company reiterates its goal to achieve positive cash generation before restructuring payments. This corresponds to a 2009 goal of net cash used in continuing operations from operating activities on a GAAP basis of not more than $250 million.