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The ODP Corporation Announces First Quarter 2021 Results

Press release content from Business Wire. The AP news staff was not involved in its creation. The ODP Corporation Announces First Quarter 2021 Results May 5, 2021 GMT BOCA RATON, Fla. (BUSINESS WIRE) May 5, 2021 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 with an online presence and approximately 1,100 stores, today announced results for the first quarter ended March 27, 2021. Consolidated 1Q21 (13)% (2) ADVERTISEMENT Total reported sales of $2.4 billion, down 13% versus last year GAAP operating income of $55 million and net income of $53 million, or $0.95 per diluted share, versus $80 million and $45 million, or $0.84 per diluted share, respectively in the prior year

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Recap: ODP Q1 Earnings

Company s 52-week low was at $1.85 Price action over last quarter: Up 12.04% Company Description The ODP Corp is a provider of business services, products, and digital workplace technology solutions to small, medium, and enterprise businesses. The company operates under three reportable segments: Business Solutions, Retail, and CompuCom. ODP, operating through its direct and indirect subsidiaries, maintains a fully integrated B2B distribution platform of approximately 1,300 stores, online presence, and thousands of dedicated sales and technology service professionals, all supported by its supply chain facilities and delivery operations. Through its banner brands Office Depot, OfficeMax, CompuCom, and Grand&Toy, as well as others, the company offers its customers the tools and resources they need to focus on their passion of starting, growing, and running their business.

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The ODP Corporation to Announce Fourth Quarter and Full Year 2020 Results Through an Enhanced Earnings Event to be Held on Wednesday, February 24, 2021

> Nachricht The ODP Corporation to Announce Fourth Quarter and Full Year 2020 Results Through an Enhanced Earnings Event to be Held on Wednesday, February 24, 2021 | 0 The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, will host an enhanced earnings event on Wednesday, February 24, 2021. This event will include prepared remarks from senior management covering the Company’s performance in 2020, outlook for 2021, capital deployment plans, and an update on its digital transformation efforts. Due to recent events, the Company has decided to host its investor day event at a later date and will provide further information at the

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Office Depot Counters Staples Latest Offer With One of Its Own

The alternative proposal centers on retaining ODP Corp. s B2B Business and instead selling its CompuCom unit. Jan 20th, 2021 iStock BOCA RATON, FL The ODP Corporation, a provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform and retail locations, sent the following letter Tuesday to Stefan Kaluzny, managing director of Sycamore Partners and a member of the board of directors of USR Parent Inc., the Sycamore-affiliated owner of Staples. The full content of the letter is published below. Mr. Kaluzny, The board of directors of The ODP Corporation has carefully reviewed and considered USR Parent Inc.’s (Staples) January 11, 2021 proposal to acquire 100 percent of ODP’s issued and outstanding common stock for $40.00 per share in cash, consistent with our fiduciary duties, and in consultation with our financial and legal advisors. The board has unanimously concluded that there is a more comp

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