The reorganized Kodak emerged on September 3, 2013, with a right-sized capital structure and an annuity-based business model. Kodak’s operational EBITDA improved by over $375 million in 2013, and the company re-listed on the New York Stock Exchange in January 2014.
With its successful emergence from Chapter 11, Kodak is a now lean technology company focused on imaging innovation for business. That means offering products like the industry’s fastest full-color inkjet presses for commercial printing and publishing applications, software that automates the flow of work through a print shop, eye-popping ink colors, invisible imbedded inks used in anti-fraud and anti-counterfeit applications, chemical-free processing of printing plates, patented technologies for flexographic package printing, and partnerships with manufacturers to apply Kodak’s printing knowledge to functional materials, such as computer touchscreens. An iconic brand lives on — in two incarnations — to live perhaps for another century.
James Mesterharm is co-lead and Becky Roof is a managing director in the Turnaround & Restructuring Services group at AlixPartners, LLP, a global business-advisory firm