Democrat and Chronicle from Rochester, New York on October 23, 2015 · Page A9
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October 23, 2015

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Democrat and Chronicle from Rochester, New York · Page A9

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Rochester, New York
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Friday, October 23, 2015
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Page A9
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DemocratandChronicle .com Friday,October23,2015 Page9A MCDONALD’S HELPS SUPERSIZE DOW’S GAINS PAGE 4B Local news coming out ofthe business world. +5.7 Ametek .36 1396 56.13 54.83 55.63 +1.01 -9.7 ofAm .20 73175 16.20 16.00 16.16 +.26 +2.7 .68 8850 41.96 40.99 41.65 +.81 +3.9 109 3.69 3.46 3.69 +.23 +4.1 1.24 241 40.50 38.52 39.70 +1.05 +40.4 A 1.24 1258 137.93 136.50 137.81 +1.50 -11.5 .06 553 146.69 142.36 143.47 -2.65 -23.2 .48 41417 17.74 16.79 17.60 +.89 -51.1 102 .24 .22 .22 -.01 +25.0 1.92 2472 90.12 85.64 89.60 +4.78 -5.9 1.60 1470 71.82 69.96 71.39 +2.37 -22.3 111 17.31 16.51 16.87 +.48 +15.3 1.32 2344 120.77 118.34 120.55 +2.65 -27.2 .80 199 46.52 43.85 45.71 +1.69 -16.4 1.24 5435 31.05 30.53 31.01 +.55 -10.3 2.92 14487 82.96 80.66 82.89 +2.68 +1.2 Inst. .80 20 25.64 25.21 25.46 +.43 +25.3 .32 2354 10.65 10.45 10.56 +.18 +.5 .60 23281 15.63 15.40 15.58 +.17 -18.7 .42 11458 5.44 5.30 5.42 +.13 +7.0 .64 1146 15.38 14.67 15.25 +.46 +17.1 .92 80662 29.74 28.91 29.58 +.73 +1.5 1.44 21711 35.79 34.97 35.42 -26.5 390 66.72 65.17 66.05 +.89 -37.2 .32 26 18.22 17.72 18.08 +.58 -16.9 2.50e 1901 39.35 38.99 39.27 +.34 +5.8 2.00 689 76.51 75.57 76.00 +1.03 -25.3 11 3.69 3.55 3.55 -.05 -2.1 1.28 668 76.55 75.08 76.21 +1.42 -10.2 5.20 5524 145.07 141.62 144.09 +3.17 +1.6 1.76 14870 63.58 62.42 63.19 +1.13 -4.8 & 3.00 9747 99.81 97.13 99.53 +1.90 -5.0 .30 14294 13.39 13.13 13.20 +.16 -9.7 -3 2.60 362 114.70 112.08 114.01 +2.66 -1.6 el3 1849 48.65 47.42 48.58 +1.22 -5.4 M&T 2.80 2109 119.40 115.98 118.80 +3.63 -44.4 & .64a 40 7.99 7.59 7.69 +.06 +26.0 .60 469 74.09 70.70 72.83 +2.02 -21.9 2.52 3841 102.52 97.42 100.77 -.98 +11.8 1.68 3584 51.79 50.52 51.60 +1.29 -31.2 8064 7.23 6.94 7.01 -.05 -44.6 974 12.13 11.69 11.98 +.30 -.5 0 32.00 32.00 32.00 -7.3 .42 19 25.43 24.93 25.41 +.49 +11.5 1.00 152 42.95 40.50 41.31 -.18 +5.1 1.20 3358 42.03 41.67 41.71 +.17 +.9 .56 1910 25.82 25.03 25.76 +.77 -1.0 .60 3264 128.04 123.67 124.00 -3.11 +4.7 (The)1.34 901 42.31 41.77 42.25 +.71 +20.3 3.00 1718 184.91 180.91 182.90 +2.46 -.8 1.68 13 54.98 53.75 54.84 +1.55 -2.4 0 9.97 9.79 9.97 +.19 +102.2 38 6.49 6.27 6.33 +.05 -23.2 56694 115.50 94.26 109.87 -8.74 -1.9 2.26f 15038 45.90 44.98 45.89 +1.03 -39.5 1 1.97 1.77 1.92 +.07 +9.9 106 4.93 4.68 4.79 +.02 -41.7 .60 1983 7.76 7.42 7.51 +.01 -25.8 .28 9216 10.34 10.15 10.29 +.13 A 31.59 33.25 +.32 Indus. A 16.55 17.42 +.15 A 21.47 22.72 +.25 A 24.29 25.70 +.22 & o-Blend 18.09 18.09 +.17 & o-Blnd 13.14 13.14 +.07 & o-Blend 16.32 16.32 +.10 & o-Blend 13.09 13.09 +.05 AMT-F A 11.09 11.64 -.02 A 7.01 7.36 -.01 A 14.84 15.58 -.02 MunA 3.03 3.10 ... A 4.54 4.64 -.01 10.55 10.55 +.08 Eastman Kodak Co. had promised a big second half, and now is banking on a strong fourth quarter, after reporting a $ 21million third-quarter net loss on Thursday and another year-over-year drop in sales. There are reasons for optimism in the report, released on the eve of Kodak CEO Jeff Clarke and otherexecutives’ p lanned meeting with analysts and investors F riday at the New York Stock Exchange. B y the numbers: Kodak’s reported net loss of $ 21million is a near-polar opposite of last year, when the company closed out the third quarter $19 million in the b lack. But last year’s p rofits were fueled by a one-time $52 million boost from patent licenses. This year’s numbers also have been bat- t ered by unfavorable fore ign currency exchange rates. Total revenues were $446 million, a decline of 21percent year over year. After account- i ng for those one-time r evenues and the foreign exchange rates, opera- tional earnings before interest, taxes and amortization were up $9 million year over year. Upshot: During a conference call with investors, Clarke pointed to Kodak’s “growth eng ines” — its Sonora printing plates, Flexcel NX packaging printing system, Prosper inkjet digital printing press — noting that those accounted for 15 percent of revenues at this time last year, but 23 percent to- d ay. This while the rest of the business, from print s ystems to film, is rather predictable with steady revenues. Notable: Kodak’s h eadcount is down 12 percent compared to this time last year, and it continues to trim legacy costs. Also, the company h ad expected profitabili- t y with its Micro 3D Printing and Packaging unit in 2016, but now projects continued losses next year and to only b reak even in 2017. It as t he main reason Kodak revised its 2016 financial targets downward, from $175 million in operational earnings before inter- e st, taxes, and amortiza- Kodak reports 3Q $21M loss But company banks on astrong fourth quarter BRIAN SHARP @SHARPROC SeeKODAK,Page12A The Rochester Down- t own Development Corp oration is hosting a luncheon next Tuesday to up- d ate the public on down- town’s innovation zone. T he New Face of Innovation event is scheduled for noon to 1:30 p.m. Oct. 2 7 at the Radisson Hotel R ochester Riverside. Jim Senall, president of High T ech Rochester, and Ryne Raffaelle, Rochester Ins titute of Technology’s vice president for research and associate pro- v ost, will talk about some o f the organizations feeding into the innovation z one. The event also will feature five new busi- n esses inside the zone. Tickets are $60 per person or $480 a table. To r eserve a spot, call 5855 46-6920 or email reser- vations@rddc.org. Update on downtown innovation zone KHRISTOPHER J BROOKS @AMERICANGLOW The Rochester Fencing Club is moving to Henrietta. T he club, which has been housed a bove a popular Rochester restaurant since 1991, will close the doors of the Culver Road space this week. The 100-member Rochester Fencing Clubwill reopen Nov. 2, a bout five miles away at 3335 B righton-Henrietta Town Line Road, said Iris Zimmermann, who owns the club with her sister Felicia. The sisters won numerous national and world-level fencing titles a nd between them competed in two Olympic games — Felicia in 1996 and both sisters in 2000. They purchased the club in 2009. “Now it feels like its our club, our space and our program versus u s taking over the club we grew up with,” she said. “It was a hard start six years ago. Felicia would take money from her own paycheck to m ake payroll. I never would have imagined this space back then.” In a second-floor walk-up on Cul- v er Road, Zimmermann said programs offered were limited by space. Moving into an 18,500- square-foot building will more than double the footprint, and will allow for expansion of services and programs, she said. The move will also b ring the club’s wheelchair pro- g ram, currently taught offsite, to the single-story handicapped accessible building. T he new space will include a 5,000-square-foot competition floor with 13 strips for fencing. In t he Culver Road space, “eight strips are crammed in there sideways with barely enough room” to m aneuver,” said Don Johnson of Spencerport, who owns the build- i ng with Felicia Zimmermann, 40, of Rochester. Johnson’s son Alan was 13 when h e started fencing with the Zim- mermanns nearly two years ago. He took to the sport, and his father t ook to fixing items around the aging building. He’s now in charge of t he club armory, where the equipment is stored and repaired. Next week is crunch time. Lighting and flooring will be installed and walls will be painted. “We’re Olympians,” Iris Zimmermann, 34, said with a laugh. “ Whenever we do anything, we do it by storm.” The sisters’ former coach Anthony “Buckie” Leach, who is now the current national women’s foil c oach, will help the Zimmermanns set up the new space next week. He e stablished the Rochester club 34 years ago. R evamped by JEC Construction of Honeoye Falls, the space also includes several offices, a workout room and viewing area for parents, boys’ and girls’ changing rooms and a 6,300-square-foot warehouse. Johnson said the club plans to rent t he space out for now, but wants to expand into that space and hold tournaments in the club, within five years. “Fencing has grown by leaps a nd bounds in the past few years,” she said. This weekend alone, the club is h osting a youth tournament at the The College at Brockport that has drawn more than 650 fencers, from a ge 7 to 16. The three-day tournament is held in memory of Ben Gut enberg, a longtime Rochester Fencing Club student who was killed in a car crash with his college f encing coach in 2007. Club members will bid their old space farewell next week, with a H alloween-themed farewell party for club members and alumni. T he Zimmermanns launched a crowdfunding page to help finance the move through a gofundme page ,and in one month, raised more than $13,000. Iris Zimmermann said most donations came from the families of former students. “ We’re very passionate about this sport and I think this new space really reflects that passion,” she said. VFREILE@Gannett.com SHAWN DOWD/@SDOWDPHOTO/STAFF PHOTOGRAPHER Don Johnsonworks on hanging runners Wednesday at the new location of the Rochester Fencing Club, 3335 Brighton- Henrietta Town Line Road in Henrietta. Johnson, of Spencerport, owns the building with Felicia Zimmermann,of Rochester. FENCING CLUB HAS A NEW HOME Group moving from Culver Road in city to Henrietta VICTORIA E. FREILE @VFREILE SHAWN DOWD/@SDOWDPHOTO/STAFF PHOTOGRAPHER Club co-founder Iris Zimmermann at the new location of the Rochester Fencing Club in Henrietta. The new facility is set to open Nov. 2. SHAWN DOWD/@SDOWDPHOTO/STAFF PHOTOGRAPHER The new location of the Rochester Fencing Club in Henrietta. The new space will i nclude a 5,000-square-foot competition floor with 13 strips for fencing. “We’re Olympians. Whenever we do anything, we do it by storm.” IRIS ZIMMERMANN ROCHESTER FENCING CLUB CO-OWNER ROCBusiness

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