2003 Initiatives
• Grow Retail Printing Digital Pictures
• Expand Output Opportunities, such as PerfectTouch Processing
• Continue Share Management Programs More...
Plans for Financial Growth
Despite the troubled economy, Eastman Kodak has several strategies for financial growth: expand the benefits of film, drive image output in all forms, make digital easier, develop new businesses in new markets.
Letter to Shareholders
"No question about it: 2001 was an extraordinary and difficult year for the nation, for the world and for nearly every business, including Kodak. The continuing worldwide economic slump, coupled with the tragic events of September 11, severely impacted industries important to our business, including travel, theme parks, lodging, advertising and entertainment.
Through these challenging times, we focused on strengthening Kodak’s value as an investment, maintaining our market share in key segments of our business and laying the groundwork for future growth. In the broad category of infoimaging—our strategic framework going forward—we’re driving the convergence of images and information beyond traditional boundaries, and into new image applications and business opportunities for Kodak.
While our revenues and earnings were down for the year, our successful drive to generate cash—including continuing, aggressive cost-reduction programs—produced a strong balance sheet and healthy dividend payouts. We maintained our full-year market share in the U.S. consumer film business and increased it slightly worldwide. We drove Kodak digital imaging to record revenues, with consumer-friendly products and services—including online and retail photo printing and the highly successful Kodak EasyShare camera launch—that are in the forefront of this burgeoning business.
We
gained market share in our Health Imaging business, but pricing pressures
and some operating issues led to margin declines. We moved quickly to put
in place corrective measures that are returning that segment to its promising,
profitable path." More...
Daniel A. Carp
Chairman & Chief Executive
Officer,
President & Chief Operating Officer
E-mail me:
Lee Ann Green!
February 27, 2003!
Kodak Photos: "For a man's ways are in full view of the Lord..."Proverbs 5:21