ODP Corp
NASDAQ:ODP

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ODP Corp
NASDAQ:ODP
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Price: 28 USD Market Closed
Market Cap: 843.4m USD

ODP Corp
Investor Relations

The ODP Corp. operates as a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. The company is headquartered in Boca Raton, Florida and currently employs 26,000 full-time employees. The Company’s segments include Business Solutions Division and Retail Division. The Business Solutions Division sells nationally branded as well as the Company’s private branded office supply and adjacency products and services. The Retail Division includes a chain of retail stores, which sells office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture, as well as offer business services. The firm offers its solutions under the brands Office Depot, OfficeMax and Grand & Toy.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 6, 2025
AI Summary
Q2 2025

Revenue Trend: ODP reported $1.6 billion in Q2 revenue, down 8% year-over-year due to fewer stores and lower traffic, but with improving trends throughout the quarter.

Cash Flow Strength: Adjusted free cash flow hit $13 million for the quarter, more than doubling last year's Q2 and leading to a full-year outlook increase to over $115 million.

Hospitality Expansion: Early-stage entry into the hospitality market is gaining momentum, with about 1,000 hotel properties onboarded and expectations for more significant contributions in the second half of 2025.

Retail Resilience: Retail (Office Depot) comparable sales trends improved by about 200 basis points versus last year, driven by sales initiatives and operational execution.

Margin Management: Operating income and EBITDA declined year-over-year due to lower sales and fixed cost deleverage, but restructuring and cost-cutting remain on track.

Guidance Raised: Management raised full-year adjusted free cash flow guidance above $115 million, citing strong cash generation and inventory management.

Tariff Impact: About 57% of inventory is either MAP-priced or tariff-exempt, and the company feels well positioned to manage evolving tariff risks.

Key Financials
Revenue
$1.6 billion
Adjusted EBITDA
$47 million
Adjusted Free Cash Flow
$13 million
GAAP Operating Income
$9 million
Adjusted Operating Income
$25 million
Adjusted Net Income
$15 million
EPS
$0.51 per diluted share
Operating Cash Flow
$16 million
Capital Expenditures
$12 million
Retail Segment Sales (Office Depot)
$716 million
ODP Business Solutions Revenue
$859 million
Veyer Third-Party Revenue
$19 million
Veyer Third-Party EBITDA
$5 million
Total Liquidity
$658 million
Cash and Cash Equivalents
$177 million
Available Credit
$481 million
Total Debt
$245 million
Stores Closed (Q2)
23 retail stores
Stores at Quarter End
834
Earnings Call Recording
Other Earnings Calls

Management

Mr. Gerry P. Smith
CEO & Executive Director
No Bio Available
Ms. Zoe U. Maloney
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. John W. Gannfors
Executive VP & President of Veyer
No Bio Available
Mr. David Centrella
Executive VP & President of Business Solutions Division
No Bio Available
Mr. Max W. Hood
Senior VP, Chief Accounting Officer & Controller
No Bio Available
Mr. Timothy J. Perrott
Vice President of Investor Relations
No Bio Available
Ms. Sarah Elizabeth Hlavinka McConnell
Executive VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Kevin Moffitt
Executive VP & President of Office Depot
No Bio Available
Mr. Prentis D. Wilson
President of Varis
No Bio Available

Contacts

Address
FLORIDA
Boca Raton
6600 North Military Trail
Contacts
+15614384800.0