The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. The Retail division operates a chain of retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and furniture, as well as printing, copying, mailing, and shipping services. As of February 24, 2021, this division operated 1,154 retail stores in the United States, Puerto Rico, and the U.S. Virgin Islands. The CompuCom division offers technology services supporting the distributed technology needs of enterprise organizations in the United States and Canada. It offers a range of solutions, including technology lifecycle management, end user computing and collaboration, service desk, remote technology monitoring and management, and IT workforce solutions. The company offers its products under various brands, including Office Depot, OfficeMax, CompuCom, and Grand&Toy, as well as others. The ODP Corporation was incorporated in 1986 and is based in Boca Raton, Florida.
IPO Year:
Exchange: NASDAQ
Website: investor.theodpcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/23/2023 | $65.00 | Outperform | Noble Capital Markets |
| 6/23/2023 | $60.00 | Buy | B. Riley Securities |
| 1/28/2022 | $57.00 | Buy | Colliers Securities |
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Third Quarter Revenue of $1.8 Billion with GAAP EPS of $2.04; Adjusted EPS of $0.71 Significant New Business Wins Improving Future Growth Profile Progress on B2B Pivot; Pursuing Core Opportunities in New Adjacent Industry Segments Company Repurchased Approximately $295 Million of Shares Year to Date Company Completes Varis Sale Subsequent to Quarter End The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced results for the third quarter ended September 28, 2024. Consolidated (in millions, except per share amounts) 3Q24 3Q23 YTD24 YTD23 Selected GAAP a
The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of products, services, and technology solutions to businesses and consumers, will announce third quarter 2024 financial results before the market open on Wednesday, November 6th, 2024. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference call via webcast, please visit The ODP Corporation's Investor Relations website at investor.theodpcorp.com. A replay of the webcast will be available approximately two hours following the event. A copy of the earnings press release,
BOCA RATON, Fla. and ASHBURN, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to supporting small business, home office, and education customers live more productive and organized lives, and Telos Corporation (NASDAQ:TLS), an authorized TSA PreCheck® enrollment provider, today announced the addition of twelve TSA PreCheck enrollment locations in California, Georgia, Kansas, Maryland, Missouri, North Carolina, Oregon, South Carolina, Tennessee, Texas and Washington. With these new locations, Telos now has 161 TSA PreCheck enrollment centers open in 28 states across the U.S., with 158 locations a
Second Quarter Revenue of $1.7 Billion with GAAP EPS of $(0.12); Adjusted EPS of $0.56 Progress on Project Core to Drive Future Cost Savings and Implementing Growth Initiatives Company Repurchased $191 Million of Shares Year to Date Company Provides Update on Varis Sale Process The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced results for the second quarter ended June 29, 2024. Consolidated (in millions, except per share amounts) 2Q24 2Q23 YTD24 YTD23 Selected GAAP and Non-GAAP measures:
The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, will announce second quarter 2024 financial results before the market open on Wednesday, August 7th, 2024. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference call via webcast, please visit The ODP Corporation's Investor Relations website at investor.theodpcorp.com. A replay of the webcast will be available approximately two hours following the event. A copy of th
First Quarter Revenue of $1.9 Billion with GAAP EPS of $0.40; Adjusted EPS of $1.05 GAAP Operating Income of $18 Million; Net Income of $15 Million; Adjusted EBITDA of $82 Million Accelerating Project Core to Maximize In-Year Cost Savings with Future Annualized Run-Rate Cost Savings in Excess of $100 Million Driving Operational Excellence and Remaining On-Track to Meet 2024 Guidance Despite Challenging Macroeconomic and Business Environment Impacting Top-Line Results Board of Directors Approved Held-For-Sale Plan for Varis Business Unit Company Repurchased Approximately $90 Million of Shares Year to Date The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provi
The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, will announce first quarter 2024 financial results before the market open on Wednesday, May 8th, 2024. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference call via webcast, please visit The ODP Corporation's Investor Relations website at investor.theodpcorp.com. A replay of the webcast will be available approximately two hours following the event. A copy of the ea
Low-Cost Business Model and Disciplined Capital Allocation Drive Solid Operating Performance and Strong Adjusted EPS Growth in 2023 Repurchased 6 Million Shares for $298 Million in Full Year 2023 Announces "Project Core": Enterprise-Wide Program Focused on Streamlining Operations and Enhancing Focus on Core Business Approves New $1 Billion Share Repurchase Authorization Provides 2024 Guidance The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced results for the fourth quarter and full year ended December 30, 2023. Consolidated (in millions, except per share amo
The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, will announce fourth quarter and full year 2023 financial results before the market open on Wednesday, February 28th, 2024. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference call via webcast, please visit The ODP Corporation's Investor Relations website at investor.theodpcorp.com. A replay of the webcast will be available approximately two hours following the ev
Gerry Smith to Return from Temporary Medical Leave and Resume CEO Role on February 1 David Szymanski, Long-Time Member of ODP's Board of Directors, to Retire from the Board on February 13 The ODP Corporation ("ODP" or the "Company") (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced that, following his temporary medical leave, Mr. Gerry Smith will resume his position as Chief Executive Officer ("CEO"), effective February 1, 2024. Upon Mr. Smith's return, Mr. Joseph S. Vassalluzzo, who had been appointed by the Company's Board of Directors to assume Mr. Smith's authority and responsibilit
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Office Depot is the first office supplies retailer on Grubhub and is available for on-demand delivery from more than 800 locations Grubhub announced today that it is adding office supplies to its marketplace in partnership with Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to supporting small business, home office, and education customers live more productive and organized lives. More than 6,000 items are available for on-demand delivery, including laptops, printers, ink, paper products, writing supplies, tech accessories and more. Office Depot is Grubhub's first office supplies retail partner. The addition of Office Depot provide
Leading workplace solutions provider joins forces with strategic reseller partner to enhance procurement efficiency and deliver a curated customer experience The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of products, services and technology solutions to businesses and consumers, today announced a partnership with a large, growing strategic reseller organization, offering quality office, furniture, print, promotional and facility resource solutions to large multi-site companies. This partnership, worth up to $1.5 billion spanning a 10-year period, will leverage the reseller provider's expertise in creating custom, results-driven e-commerce solutions and the
Third Quarter Revenue of $1.8 Billion with GAAP EPS of $2.04; Adjusted EPS of $0.71 Significant New Business Wins Improving Future Growth Profile Progress on B2B Pivot; Pursuing Core Opportunities in New Adjacent Industry Segments Company Repurchased Approximately $295 Million of Shares Year to Date Company Completes Varis Sale Subsequent to Quarter End The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced results for the third quarter ended September 28, 2024. Consolidated (in millions, except per share amounts) 3Q24 3Q23 YTD24 YTD23 Selected GAAP a
ODP Business Solutions enters its third year as a sponsor of Disney Institute Professional Development Courses at Walt Disney World Resort in Florida and Disneyland Resort in California ODP Business Solutions (ODP), a leading supplier of workplace solutions and services, has renewed its sponsorship and is the 2024-2025 sponsor of Disney Institute Professional Development Courses. This relationship shows the commitment from ODP to business growth and continuing education through Disney Institute's innovative curriculum. Courses in Disney's Approach to Leadership Excellence, Disney's Approach to Employee Engagement and Disney's Approach to Quality Service are offered at both Walt Disney Worl
The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of products, services, and technology solutions to businesses and consumers, will announce third quarter 2024 financial results before the market open on Wednesday, November 6th, 2024. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference call via webcast, please visit The ODP Corporation's Investor Relations website at investor.theodpcorp.com. A replay of the webcast will be available approximately two hours following the event. A copy of the earnings press release,
VEYER, a leading fulfillment and distribution company, today announced the opening of its new direct import and deconsolidation center in Savannah, Ga. The facility will play a crucial role in supply chain efficiency by breaking down freight and shipping it to nearby locations. Previously operating nearby in a third-party location, VEYER is taking the final step in its project to transition all warehouses to VEYER-operated locations. "The opening of our Savannah facility marks a significant milestone in our strategic growth plan," said VEYER President, John Gannfors. "By streamlining our supply chain operations and controlling every aspect of our warehouses, we can deliver greater efficie
BOCA RATON, Fla. and ASHBURN, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to supporting small business, home office, and education customers live more productive and organized lives, and Telos Corporation (NASDAQ:TLS), an authorized TSA PreCheck® enrollment provider, today announced the addition of twelve TSA PreCheck enrollment locations in California, Georgia, Kansas, Maryland, Missouri, North Carolina, Oregon, South Carolina, Tennessee, Texas and Washington. With these new locations, Telos now has 161 TSA PreCheck enrollment centers open in 28 states across the U.S., with 158 locations a
Expect Red Hot Discounts on Furniture, Tech, and more Online and In-Store Office Depot is thrilled to announce the highly anticipated Depot Discount Days happening from October 3 to October 12! This mega sale event is open to all customers, offering up to 50% off across categories such as furniture, technology, and more. Get Ready for Huge Savings! For ten days, shoppers can dive into some of the year's hottest deals at officedepot.com and in Office Depot and OfficeMax stores nationwide. Whether you're starting your holiday shopping early or stocking up on essentials, you won't want to miss out on pre-holiday savings on deals such as: $190 Savings – Realspace® Electric 48"W Height-Adjus
FORT LAUDERDALE, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by The ODP Corporation in Fort Lauderdale. Applications for the no-cost bootcamp are closing September 30. The Mark Cuban Foundation, in partnership with The ODP Corporation is bringing the only artificial intelligence (AI) camp of its kind, free of charge, to high school students in Fort Lauderdale. With a custom and highly-relevant curriculum focused on teaching students about the latest developments in the world of AI and Generative AI, the camp will provide the tools to make these technologies work for them and
Hallmark is the latest new partnership for the retailer following previously announced collaborations with Telos, Dun & Bradstreet and Dormify Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to helping its small business, home office, and education customers live more productive and organized lives, is making it easier for customers to connect and celebrate life's special moments with the addition of a curated assortment of Hallmark products. Hallmark's iconic collection of greeting cards, stationery, and gift wrap will complement Office Depot's expanding party supply selection in more than 885 stores across the country. The relations
Noble Capital Markets initiated coverage of ODP Corporation with a rating of Outperform and set a new price target of $65.00
B. Riley Securities initiated coverage of ODP Corporation with a rating of Buy and set a new price target of $60.00
Colliers Securities initiated coverage of ODP Corporation with a rating of Buy and set a new price target of $57.00
UBS Group upgraded The ODP from Sell to Neutral
UBS upgraded ODP Corporation from Sell to Neutral and set a new price target of $43.00 from $23.00 previously
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Office Depot is the first office supplies retailer on Grubhub and is available for on-demand delivery from more than 800 locations Grubhub announced today that it is adding office supplies to its marketplace in partnership with Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to supporting small business, home office, and education customers live more productive and organized lives. More than 6,000 items are available for on-demand delivery, including laptops, printers, ink, paper products, writing supplies, tech accessories and more. Office Depot is Grubhub's first office supplies retail partner. The addition of Office Depot provide
Start the School Year with Confidence Thanks to Savings of up to 60% on Office Depot's Best-Selling School Supplies From homeschool to public school, from kindergarten to college, Office Depot offers back-to-school essentials and resources to help teachers, students, and parents succeed with incredible savings. Shoppers can quickly and easily find everything they need for the upcoming school year at Office Depot OfficeMax stores and online at our Back-to-School Headquarters. Shoppers can save up to 60% on Office Depot's best-selling school essentials, with prices starting as low as 50 cents. Plus, customers can take advantage of our industry-leading 20-minute in-store pickup or same-day
Proven Finance Executives Amy Schioldager and Evan Levitt to Join the Board Wendy Schoppert Appointed Board Chair The ODP Corporation ("ODP" or the "Company") (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced the appointment of financial executives Amy Schioldager and Evan Levitt to its Board of Directors. The Company also announced that Wendy Schoppert, ODP Board member since 2020, will assume the role of independent Board Chair as Joseph Vassalluzzo steps down from the Board after 11 years of service. These changes will be effective on June 10, 2024. ODP's Board size will be incre
The ODP Corporation ("ODP") (NASDAQ:ODP), a leading provider of products, services and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the appointment of Max Hood as Senior Vice President, Chief Accounting Officer & Controller, effective February 26, 2023. Hood will report to Executive Vice President & Chief Financial Officer Anthony Scaglione and will continue leading and directing the activities of Accounting, Financial Systems, and External Reporting for the company. Hood joined the company in 2018 as VP, Financial Operations and was named VP, Accounting & Treasury in March 2021. Prior to joining The
JACKSONVILLE, Fla., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency" or the "Company") announced today that its Board of Directors (the "Board") has appointed Kristin A. Campbell as its newest member, effective as of January 15, 2023. Ms. Campbell is currently the Executive Vice President, General Counsel and Chief ESG Officer of Hilton Worldwide Holdings Inc., a global hospitality company ("Hilton"), a position from which she has announced her retirement effective December 31, 2022. With the addition of Ms. Campbell as an independent director, Regency will expand the size of the Board to twelve directors. "Kristin brings a wealth of knowledge and experience, es
The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, today announced that David Centrella has been promoted to Executive Vice President, reporting directly to Chief Executive Officer of The ODP Corporation, Gerry Smith. In his new position, Centrella will also serve as President of ODP Business Solutions, a leading B2B solutions provider serving small, medium and enterprise level companies, including the contract sales channel of ODP's prior Office Depot Business Solutions Division, replacing Stephen M. Mohan, who will depart the Company. As President of ODP Business S
Hlavinka to Become EVP, Chief Legal Officer and Corporate Secretary of The ODP Corporation Effective Upon David Bleisch's Departure from the Company The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, today announced that Sarah E. Hlavinka will join the company as General Counsel of Office Depot, LLC on April 4, 2022, reporting directly to Chief Executive Officer of The ODP Corporation, Gerry Smith. She will become Executive Vice President, Chief Legal Officer and Corporate Secretary of The ODP Corporation upon the departure of David Bleisch, Executive Vice President,
The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the "Company"), announced today that Francesca Ruiz de Luzuriaga has decided to retire from the Board of Directors effective December 31, 2021. Ms. Luzuriaga has served as a director for The ODP Corporation and at its predecessors Office Depot, Inc. and OfficeMax Incorporated since 1998. "Cesca has made significant and meaningful contributions as a valuable member of the Board for over two decades," said Joseph S. Vassalluzzo, The ODP Corporation's Non-Executive
PALM BEACH, Fla., March 03, 2021 (GLOBE NEWSWIRE) -- BurgerFi International Inc. (Nasdaq: BFI, BFIIW), one of the nation’s fastest-growing premium fast-casual concepts and QSR’s 2020 Breakout Brand of the Year known for its better burgers, has hired Michael Rabinovitch as Chief Financial Officer. Rabinovitch holds over 25 years of extensive financial leadership skills from best-in-class publicly held retail and distribution companies, high growth retail concepts, extensive international experience and has completed and integrated over 25 acquisitions valued at over $2 billion dollars during his career. “As BurgerFi continues to accelerate its growth strategy, Michael’s extensive experie
BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (“ODP” or the “Company”) (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, today announced the appointment of Marcus B. Dunlop, a partner at HG Vora Capital Management, LLC (“HG Vora”), to the Company’s Board of Directors. This appointment expands the Board to ten directors. “We are pleased to welcome Marcus to ODP’s Board,” said Joseph S. Vassalluzzo, Chairman of ODP’s Board of Directors. “The perspective of an investment professional of one of our largest shareholders will be valuable as we continue our work in transfor
Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to helping its small business, home office and education customers live more productive and organized lives, and Telos Corporation (NASDAQ:TLS), an authorized TSA PreCheck® enrollment provider, today announced additional TSA PreCheck enrollment locations with the opening of five new locations at Office Depot retail stores in Georgia, Tennessee and Texas beginning on June 21, 2024. This follows the previous addition of 20 new locations since May 2024 in states including Arizona, California, Colorado, Texas and Washington.
From essential bed sheets and stylish accessories to sleek storage solutions and full room bundles — the Office Depot OfficeMax assortment of Dormify essentials will be accessible to students in stores and online, making it easier than ever to plan for move-in week.
The company announced the appointment of financial executives Amy Schioldager and Evan Levitt to its Board of Directors. These changes will be effective on June 10, 2024
Gainers Cricut (NASDAQ:CRCT) stock rose 39.0% to $7.69 during Wednesday's regular session. The market value of their outstanding shares is at $1.6 billion. As per the news, the Q1 earnings report came out yesterday. Luminar Technologies (NASDAQ:LAZR) shares rose 31.8% to $2.17. The market value of their outstanding shares is at $968.9 million. As per the press release, Q1 earnings came out yesterday. Mullen Automotive (NASDAQ:MULN) stock rose 29.9% to $7.46. The company's market cap stands at $48.8 million. Latham Group (NASDAQ:SWIM) shares moved upwards by 21.07% to $3.62. The company's market cap stands at $417.6 million. As per the press release, Q1 earnings came out yesterday. ARKO
The ODP Corporation (NASDAQ:ODP) shares are trading lower after the company reported first-quarter FY24 earnings below street view. The company reported a first-quarter FY24 sales decline of 11% year-on-year to $1.87 billion, missing the analyst consensus estimate of $1.96 billion. The decrease in reported sales is largely related to lower sales in its Office Depot Division, primarily due to 56 fewer retail locations in service compared to the previous year and reduced transactions. Gross profit increased 14.7% to $410 million with a margin of 21.9%. Selling, general and administrative expenses dropped 6% to $359 million. The operating income for the quarter plunged 81% to $18 mi
ODP (NASDAQ:ODP) reported quarterly earnings of $1.05 per share which missed the analyst consensus estimate of $1.66 by 36.75 percent. This is a 41.01 percent decrease over earnings of $1.78 per share from the same period last year. The company reported quarterly sales of $1.87 billion which missed the analyst consensus estimate of $1.95 billion by 4.05 percent. This is a 11.24 percent decrease over sales of $2.11 billion the same period last year.