Annonce • Dec 10
The ODP Corporation Announces Chief Executive Officer Changes Atlas Holdings (Atlas) completed the previously announced acquisition of The ODP Corporation (ODP) in an all-cash transaction valued at approximately $1 billion. In connection with the closing of the transaction, Craig Gunckel has been appointed CEO of ODP and will lead the company’s more than 16,000 coworkers in its retail business, which includes the Office Depot and OfficeMax stores in the United States and Canada, as well as in its vast B2B distribution network across North America. Gunckel brings nearly three decades of leadership experience in the paper and packaging industry in both public and private companies, most recently serving as CEO of Iconex, previously owned by Atlas, where he led a transformation that strengthened operations, improved safety and efficiency across the company’s manufacturing network, and drove meaningful growth in revenue and profitability. Prior to Iconex, Gunckel spent twenty years in leadership roles at WestRock. He succeeds Gerry P. Smith, who has departed the company in conjunction with completion of the transaction. Annonce • Sep 24
The ODP Corporation's Shares of Common Stock to No Longer Be Listed on the Nasdaq Stock Exchange Upon Completion of the Transaction The ODP Corporation announced that it has entered into a definitive agreement to be acquired by an affiliate of Atlas Holdings, which owns and operates a global family of manufacturing and distribution businesses, for $28 per share in cash. The purchase price represents a premium of 34% to The ODP Corporation's closing share price on September 19, 2025, valuing The ODP Corporation at approximately $1 billion. Upon completion of the transaction, The ODP Corporation will become a privately held company, and shares of common stock will no longer be listed on the NASDAQ stock exchange. Annonce • Sep 22
ACR Ocean Resources LLC entered into a definitive agreement to acquire The ODP Corporation (NasdaqGS:ODP) for approximately $840 million. ACR Ocean Resources LLC entered into a definitive agreement to acquire The ODP Corporation (NasdaqGS:ODP) for approximately $840 million on September 22, 2025. The ODP Corporation Shareholders to Receive $28 Per Share in Cash. Upon completion of the transaction, The ODP Corporation will become a privately held company, and shares of common stock will no longer be listed on the NASDAQ stock exchange.
The Board of Directors of The ODP Corporation unanimously approved the transaction, which is expected to be completed by the end of 2025. The transaction is subject to customary closing conditions, including regulatory approvals and approval by The ODP Corporation shareholders.
J.P. Morgan Securities LLC, Simpson Thacher & Bartlett LLP acted as legal advisor for The ODP Corporation. Lazard, Inc. (NYSE:LAZ) acted as financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor for Atlas Holdings. Annonce • Jul 31
ODP Reportedly Explores a Sale The ODP Corporation (NasdaqGS:ODP) rose 2.1% after a report that the office supply retailer is exploring a sale that has attracted private equity interest. ODP, the owner of the Office Depot and OfficeMax brands, is evaluating a sale alongside adviser JPMorgan, according to a Dealreporter item on July 29, 2025, which cited sources familiar with the matter. ODP recently asked for initial offers from potential buyers, according to the report. Private equity firms are most interested in the wholesale side of the business and see opportunities for cost cutting in the retail business. A potential bidder may decide to keep the retail and B2B businesses or may split them. Annonce • Jul 24
The ODP Corporation to Report Q2, 2025 Results on Aug 06, 2025 The ODP Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Annonce • Apr 24
The ODP Corporation to Report Q1, 2025 Results on May 07, 2025 The ODP Corporation announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Annonce • Mar 21
The ODP Corporation, Annual General Meeting, May 01, 2025 The ODP Corporation, Annual General Meeting, May 01, 2025. Annonce • Feb 13
The ODP Corporation to Report Q4, 2024 Results on Feb 26, 2025 The ODP Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025 Annonce • Oct 24
The ODP Corporation to Report Q3, 2024 Results on Nov 06, 2024 The ODP Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Annonce • Aug 28
The ODP Corporation Enhances Customer Experience with Gen AI Data Integration The ODP Corporation announced the implementation of cutting-edge Generative AI (Gen AI) technology across its nationwide network of Office Depot and OfficeMax stores. This technology has significantly enhanced its customer experience since its last announcement, and further demonstrates the Company’s continued commitment to adopting artificial intelligence technologies. The ODP Personal Assistant—an internally developed AI application that leverages the same technology as ChatGPT and maintains all data within ODP's secure environment—launched in February 2023 to thousands of associates across all business units. Based on early successes realized after its launch, the decision was made to integrate comprehensive knowledge bases into the application, to help associates obtain quick answers to common questions to enhance the service provided to customers. To further enhance customer service in the Company’s store locations, a retail knowledge base was developed and has been accessible since December 2023 on store computers and handheld devices used by store associates. Key enhancements and benefits of the knowledge base integration in retail stores include: Immediate Access to Information: Associates can seamlessly interact with the ODP Personal Assistant application using natural English-language queries to receive prompt answers. This replaces traditional methods of consulting other associates or searching company portals, thus vastly improving efficiency. Comprehensive Knowledge Bases: Associates can leverage Gen AI technology by accessing relevant internal information ingested into Gen AI knowledge bases via the ODP Personal Assistant application. Associates can use natural language and receive immediate responses, complete with citations for the information used. This enhances associates’ abilities to assist customers. Approximately 900 stores and 12,000 associates are empowered with this AI integration. Enhanced Customer Experience: With quick access to essential data, associates can dedicate more time to customer engagement, providing faster and more accurate responses. This allows associates to continue to provide world-class customer service. This initiative has helped modernize the Company’s retail environments since the end of 2023, enriching the customer experience and paving the way for future applications of AI-related technologies. Annonce • Aug 07
The ODP Corporation Updates Earnings Guidance for the Full Year 2024 The ODP Corporation updated earnings guidance for the full year 2024. For the period, the company updates sales At least $7 billion. Annonce • Jul 25
The ODP Corporation to Report Q2, 2024 Results on Aug 07, 2024 The ODP Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Annonce • Jun 05
The ODP Corporation Announces Board Changes, Effective June 10, 2024 The ODP Corporation 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 increased from seven members to eight, with directors having an average tenure of approximately five years. Amy Schioldager has over 25 years of experience in various leadership positions at BlackRock Inc., where she led investment teams across global equity markets and client segments. Most recently, Amy served as Senior Managing Director and Global Head of Beta Strategies. In this role, she oversaw $2.5 trillion in assets under management across seven global offices. She also served on BlackRock’s Global Executive Committee, which oversaw $11 billion in profit and loss and 13,000 employees across 30 countries. In addition to her investment and business leadership experience, Amy has strong board experience: she currently serves on the public company boards of Intermediate Capital Group plc and Corebridge Financial Inc, as well as the private organization boards of Boardspan Inc. and California State University – East Bay. She previously served on the board of American International Group Inc. Evan Levitt brings over 30 years of experience in finance and accounting and has served in numerous leadership positions across industries. Most recently, Evan was Interim Executive Vice President and Chief Financial Officer at BrandSafway, a leading construction company providing solutions to the industrial, commercial and infrastructure markets. Prior to that, he held various leadership roles at The Home Depot Inc. /HD Supply Holdings over the course of 17 years, during which time he played a pivotal role in negotiating the sale of HD Supply to The Home Depot Inc. His most recent role at the company was as Senior Vice President, Chief Financial Officer, Chief Administrative Officer of HD Supply Holdings Inc. He currently serves on the private company boards of Artera Services, where he is a member of the Audit Committee, and WASH, where he serves as the Chairman of the Audit and Risk Committee. Annonce • May 09
The ODP Corporation Provides Earnings Guidance for the Full Year Guidance of 2024 The ODP Corporation provided earnings guidance for the full year guidance of 2024. For the year, the company Affirmed Lower End of the sales guidance of Decline of 2% - 5% previously given. Annonce • Apr 26
The ODP Corporation to Report Q1, 2024 Results on May 08, 2024 The ODP Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Annonce • Mar 16
The ODP Corporation, Annual General Meeting, Apr 25, 2024 The ODP Corporation, Annual General Meeting, Apr 25, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect seven members of the Company’s Board of Directors named in, and for the term, described in the Proxy Statement; To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024; To approve, in a non-binding, advisory vote, the Company’s executive compensation; To consider such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. Annonce • Feb 15
The ODP Corporation to Report Q4, 2023 Results on Feb 28, 2024 The ODP Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 28, 2024 Annonce • Nov 09
The ODP Corporation Updates Earnings Guidance for the Year 2023 The ODP Corporation updated earnings guidance for the year 2023. For the year, the company revised sales in the range of $7.8- $7.9 billion compared to the previous guidance of approximately $8 billion provided earlier. Annonce • Oct 26
The ODP Corporation to Report Q3, 2023 Results on Nov 08, 2023 The ODP Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 08, 2023 Board Change • Oct 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Marcus Dunlop was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Sep 19
The ODP Corporation Announces Management Changes On September 18, 2023, The ODP Corporation announced that Gerry P. Smith, the Chief Executive Officer of the Company began a temporary medical leave of absence to undergo a medical procedure that requires several weeks of recovery. Effective immediately, the Board of Directors of the Company has appointed Joseph S. Vassalluzzo, the Company’s non-executiveChair of the Board, to assume Mr. Smith’s authority and responsibilities until Mr. Smith returns from his medical leave. Mr. Vassalluzzo has served as the independent non-executiveChairman of the Board since February 2017 and has served as a member of the Board since August 2013. From 2002 to 2021, he served as a director of the Federal Realty Investment Trust, where he was chairman of the board of trustees. Mr. Vassalluzzo was previously a director of LifeTime Fitness, from 2006 to 2015, where he was its lead director and chair of the compensation committee. Mr. Vassalluzzo was employed by Staples Inc. (“Staples”) from 1989 until 2005 and his duties included worldwide responsibility for all of Staples’ real estate activities, including, but not limited to, the development and management of all retail stores; distribution; office and warehouse centers; international operations; engineering, construction and design activities; facilities management; M&A activities; and the Legal Department function. Mr. Vassalluzzo also served as Staples’ vice chairman from 1999 to 2005. Annonce • Aug 10
The ODP Corporation Provides Earnings Guidance for the Year 2023 The ODP Corporation provided earnings guidance for the year 2023. For the period, the company expects sales to Revised to approximately $8 billion compared to $8.0 - $8.4 billion as previous guidance. Annonce • Jul 28
The ODP Corporation to Report Q2, 2023 Results on Aug 09, 2023 The ODP Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 09, 2023 Annonce • May 11
The ODP Corporation Provides Earnings Guidance for the Year 2023 The ODP Corporation provided earnings guidance for the year 2023. For the year, the company expects sales to be between $8.0 billion to $8.4 billion. Annonce • Feb 17
The ODP Corporation to Report Q4, 2022 Results on Mar 01, 2023 The ODP Corporation announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Mar 01, 2023 Annonce • Nov 03
The ODP Corporation (NasdaqGS:ODP) announces an Equity Buyback for $1,000 million worth of its shares. The ODP Corporation (NasdaqGS:ODP) announces a share repurchase program. Under the program, the company will repurchase up to $1000 million worth of its own shares. The plan is valid through year-end 2025. Annonce • Oct 20
The ODP Corporation to Report Q3, 2022 Results on Nov 02, 2022 The ODP Corporation announced that they will report Q3, 2022 results Pre-Market on Nov 02, 2022 Recent Insider Transactions • Aug 20
Insider recently sold €246k worth of stock On the 17th of August, Zoe Maloney sold around 7k shares on-market at roughly €36.25 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 04
Second quarter 2022 earnings released Second quarter 2022 results: EPS: US$0.41. Revenue: US$2.03b (flat on 2Q 2021). Net income: US$20.0m (up US$20.0m from 2Q 2021). Profit margin: 1.0% (up from null in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Annonce • Aug 04
The ODP Corporation Provides Earnings Guidance for the Full-Year 2022 The ODP Corporation provided earnings guidance for the full-year 2022. for the year, the company expects sales of $8.45 billion - $8.60 billion. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to €35.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 93% over the past three years. Annonce • Jul 21
The ODP Corporation to Report Q2, 2022 Results on Aug 03, 2022 The ODP Corporation announced that they will report Q2, 2022 results Pre-Market on Aug 03, 2022 Annonce • Jul 20
The ODP Corporation Provides Earnings Guidance for the Second Quarter and Full-Year 2022 The ODP Corporation provided earnings guidance for the second quarter and full-year 2022. for the year, the company expects sales of $8.45 billion - $8.60 billion.For the second quarter, the company expects, total reported sales of approximately $2.0 billion. GAAP operating income in the range of $27 million to $29 million and net income from continuing operations in the range of $19 million to $21 million, or $0.38 to $0.40 per diluted share. Annonce • Jul 19
The ODP Corporation (NasdaqGS:ODP) announces an Equity Buyback for $600 million worth of its shares. The ODP Corporation (NasdaqGS:ODP) announces a share repurchase program. Under the program, the company will repurchase up to $600 million worth of its own shares. The plan is valid through June 30, 2024. Annonce • Jul 12
ODP Business Solutions Releases 2022 Diverse Supplier Catalog ODP Business Solutions announced the release of its 2022 Diverse Supplier Catalog, aimed at helping to connect public and private organizations with a wide range of top-quality products offered by certified minority-, women-, disabled-, LGBTQ+-, veteran-owned and small businesses. The Diverse Supplier Catalog includes more than 1,400 items in categories from office essentials and school supplies to furniture and desk accessories to technology and more, with over 600 products also containing eco-attributes or eco-labels, all sourced from diverse suppliers.New vendors to the 2022 catalog include Centon Electronics, a WBENC-Certified Women’s Business Enterprise and leading manufacturer of memory storage technologies and solutions and Innovation Computers, a NMSDC-certified, minority-owned business that distributes computer systems, networking equipment, along with software and professional services, and more.In addition to products, the Diverse Supplier Catalog also features small business success stories from Alliance Rubber Company, a women-owned provider of rubber band products; Mammoth Office Products, a WBENC- and SBE-certified, women-owned provider of office furnishings; and DME, a woman- and service-disabled veteran-owned provider of office supplies, copy paper and laboratory solutions. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €28.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total returns to shareholders of 64% over the past three years. Annonce • Jun 07
The ODP Corporation Announces Executive Changes On May 31, 2022, The ODP Corporation and N. David Bleisch, Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, agreed to extend Mr. Bleisch's departure date until July 8, 2022. The Company previously announced that Mr. Bleisch would leave the Company effective May 31, 2022. Upon Mr. Bleisch's departure, Sarah E. Hlavinka will become Executive Vice President, Chief Legal Officer andCorporate Secretary of the Company. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$1.14 (vs US$1.00 in 1Q 2021) First quarter 2022 results: EPS: US$1.14 (up from US$1.00 in 1Q 2021). Revenue: US$2.18b (down 7.9% from 1Q 2021). Net income: US$55.0m (up 3.8% from 1Q 2021). Profit margin: 2.5% (up from 2.2% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 1.0% compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Annonce • May 05
The ODP Corporation Promotes David Centrella as Executive Vice President The ODP Corporation announced that David Centrella has been promoted to executive vice president, reporting directly to Chief Executive Officer of the company, Gerry Smith. In his new position, Centrella will also serve as President of ODP Business Solutions replacing Stephen M. Mohan, who will depart the Company. Annonce • Mar 29
The ODP Corporation Extends the Anticipated Date of the Separation of Service of Richard Haas, Senior Vice President, Chief Accounting Officer, Until April 30, 2022 On March 28, 2022, The ODP Corporation (the “Company”) extended the anticipated date of the separation of service of Richard Haas, Senior Vice President, Chief Accounting Officer, until April 30, 2022. The Company previously announced that Mr. Haas would leave the Company effective April 1, 2022, to pursue other interests. Upon Mr. Haas’ departure, anticipated to be April 30, 2022, D. Anthony Scaglione, the Company’s Executive Vice President, Chief Financial Officer, will serve as the Company’s principal accounting officer until such time as the Company identifies and appoints a chief accounting officer. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.53 (up from US$6.02 loss in FY 2020). Revenue: US$8.47b (down 13% from FY 2020). Net income: US$187.0m (up US$506.0m from FY 2020). Profit margin: 2.2% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Feb 24
The ODP Corporation Reports Impairment Charges for the Fourth Quarter of 2021 The ODP Corporation reported impairment charges for the fourth quarter of 2021. Asset impairment charges of $2 million in the fourth quarter of 2021 included the impairment of operating lease right-of-use (ROU) assets and fixed assets associated with the Company’s retail store locations. Annonce • Feb 10
The ODP Corporation to Report Q4, 2021 Results on Feb 23, 2022 The ODP Corporation announced that they will report Q4, 2021 results Pre-Market on Feb 23, 2022 Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS US$1.39 (vs US$1.08 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$2.18b (down 14% from 3Q 2020). Net income: US$73.0m (up 28% from 3Q 2020). Profit margin: 3.4% (up from 2.2% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 05
Second quarter 2021 earnings released: US$1.62 loss per share (vs US$8.28 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$2.29b (up 5.9% from 2Q 2020). Net loss: US$88.0m (loss narrowed 80% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Annonce • Jun 28
The ODP Corporation(NasdaqGS:ODP) dropped from Russell 2000 Value-Defensive Index The ODP Corporation(NasdaqGS:ODP) dropped from Russell 2000 Value-Defensive Index Annonce • Jun 27
The ODP Corporation(NasdaqGS:ODP) dropped from Russell 2000 Defensive Index The ODP Corporation(NasdaqGS:ODP) dropped from Russell 2000 Defensive Index Annonce • Jun 05
USR Parent, Inc. entered into term sheet to acquire Consumer Business of The ODP Corporation (NasdaqGS:ODP) for $1 billion. USR Parent, Inc. entered into term sheet to acquire Consumer Business of The ODP Corporation (NasdaqGS:ODP) for $1 billion on June 4, 2021. USR Parent intends to provide the Company with customary equity and debt financing commitment letters sufficient to provide all required funding for the transaction. The transaction is subject to regulatory and antitrust approvals. Simpson Thacher & Bartlett LLP acted as legal, whereas Goldman Sachs & Co. LLC acted as financial advisor to The ODP Corporation. Recent Insider Transactions • May 22
Insider recently sold €201k worth of stock On the 17th of May, Stephen Mohan sold around 6k shares on-market at roughly €36.58 per share. In the last 3 months, there was an even bigger sale from another insider worth €409k. Insiders have been net sellers, collectively disposing of €793k more than they bought in the last 12 months. Recent Insider Transactions • May 14
Executive VP & Chief Retail Officer recently sold €409k worth of stock On the 10th of May, Kevin Moffitt sold around 11k shares on-market at roughly €37.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €660k more than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$1.00 (vs US$0.85 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$2.37b (down 13% from 1Q 2020). Net income: US$53.0m (up 18% from 1Q 2020). Profit margin: 2.2% (up from 1.7% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Annonce • Mar 14
The ODP Corporation, Annual General Meeting, Apr 21, 2021 The ODP Corporation, Annual General Meeting, Apr 21, 2021, at 09:00 US Eastern Standard Time. Agenda: To elect 10 members of the Company’s Board of Directors named in, and for the term; to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2021; to approve The ODP Corporation 2021 Long-Term Incentive Plan; to approve, in a non-binding, advisory vote, the Company’s executive compensation; and to consider such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. Annonce • Feb 23
The ODP Corporation Teams Up with Microsoft to Transform How Businesses Buy and Sell The ODP Corporation announced that ODP is expanding its longstanding relationship with Microsoft to drive growth and efficiencies across both shared and new B2B customers. As part of the collaboration, ODP will leverage Microsoft Azure to migrate existing workloads and legacy systems to Azure. ODP is working to bring the power of ODP’s new digital procurement technology platform to Microsoft Dynamics 365 Business Central customers to help them realize immediate purchase savings and procurement automation. ODP recently announced that technology veteran Prentis Wilson joined the organization to help drive the company’s transformation, leading the new technology business focused on transforming B2B sourcing, purchasing, and supply chain for suppliers and buyers. Annonce • Feb 20
The ODP Corporation (NasdaqGS:ODP) acquired BuyerQuest Holdings, Inc. The ODP Corporation (NasdaqGS:ODP) acquired BuyerQuest Holdings, Inc. on February 18, 2021.
The ODP Corporation (NasdaqGS:ODP) completed the acquisition of BuyerQuest Holdings, Inc. on February 18, 2021. Annonce • Feb 18
Prentis Wilson Joins The ODP Corporation to Lead Digital Transformation and Scale New Technology Business The ODP Corporation announced that it hired Prentis Wilson to further drive the company’s digital transformation, leading a new technology business focused on transforming B2B sourcing, purchasing, and supply chain for suppliers and buyers. Wilson is responsible for helping establish and scale the newly launched technology platform. B2B purchasing is rapidly moving online and procurement organizations of all sizes are embracing digital sourcing and purchasing. Suppliers need B2B-grade eCommerce technology and nimble supply chains to remain competitive. As a world-class B2B technology and supply chain platform, ODP is positioned to help drive efficiency for buyers and growth for suppliers. The addition of Wilson and the new ODP business positions the company to more fully participate in the $8 trillion B2B commerce market in the U.S. Most recently, he was the President of Boxed.com, a wholesale technology start-up. Annonce • Feb 05
The ODP Corporation Launches Nonprofit Initiative to Help Accelerate the Creation, Growth and Prosperity of Minority-Owned Small Businesses The ODP Corporation announced the launch of Elevate Together™ powered by Round It Up America®, a new nonprofit initiative designed to help accelerate the creation, growth and prosperity of Black and Hispanic-owned small businesses. In collaboration with the National Urban League’s Entrepreneurship Centers and the United States Hispanic Chamber of Commerce (USHCC), Elevate Together™ will help to deliver impactful, measurable and scalable support services that foster business creation and growth opportunities for Black and Hispanic small businesses with five or less employees. As part of this initiative, eligible small business owners will gain access to educational workshops, training and mentorship services, professional networks and more. Businesses may also be eligible to receive aid in the form of cash grants, products and services. In keeping with its longstanding history of serving local community businesses and as the founding partner of Elevate Together™, The ODP Corporation is proud to pledge an initial investment of $250,000, which will help to launch the initiative in Atlanta, Chicago, Los Angeles, Philadelphia and South Florida. Annonce • Jan 28
The ODP Corporation Appoints Marcus B. Dunlop to Board of Directors The ODP Corporation announced the appointment of Marcus B. Dunlop, a partner at HG Vora Capital Management, LLC to the Company’s Board of Directors. Annonce • Jan 21
USR Parent, Inc. cancelled the acquisition of The ODP Corporation (NasdaqGS:ODP). USR Parent, Inc. made an offer to acquire The ODP Corporation (NasdaqGS:ODP) for $2.1 billion on January 11, 2021. USR Parent, Inc. has sufficient resources to finance the transaction. The transaction is subject to antitrust approval from FTC and Canadian Competition Bureau. As of January 19, 2021, the Board of Directors of The ODP Corporation are in view to explore other bidders as well and are in an option to have deal of ODP’s retail and consumer-facing ecommerce operations or any joint venture with staples. Simpson Thacher & Bartlett LLP and Goldman Sachs & Co. LLC are acting as legal and financial advisor to The ODP Corporation, respectively. Sean D. Rodgers and David B. Feirstein of Kirkland & Ellis LLP acted as legal advisors to USR Parent, Inc.
USR Parent, Inc. cancelled the acquisition of The ODP Corporation (NasdaqGS:ODP) on January 19, 2021. Annonce • Jan 13
USR Parent, Inc. made an offer to acquire The ODP Corporation (NasdaqGS:ODP) for $2.1 billion. USR Parent, Inc. made an offer to acquire The ODP Corporation (NasdaqGS:ODP) for $2.1 billion on January 11, 2021. USR Parent, Inc. has sufficient resources to finance the transaction. The transaction is subject to antitrust approval from FTC and Canadian Competition Bureau. Simpson Thacher & Bartlett LLP and Goldman Sachs & Co. LLC are acting as legal and financial advisor to The ODP Corporation, respectively. Sean D. Rodgers and David B. Feirstein of Kirkland & Ellis LLP acted as legal advisors to USR Parent, Inc. Is New 90 Day High Low • Jan 07
New 90-day high: €25.80 The company is up 32% from its price of €19.60 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.04 per share. Is New 90 Day High Low • Nov 07
New 90-day high: €20.40 The company is up 31% from its price of €15.58 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €40.16 per share. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS US$1.07 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$2.54b (down 8.7% from 3Q 2019). Net income: US$57.0m (down 5.0% from 3Q 2019). Profit margin: 2.2% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 06
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is expected to shrink by 4.5% compared to a 5.7% growth forecast for the Specialty Retail industry in Germany. Annonce • Aug 16
The ODP Corporation Withdraws Earnings Guidance for the Fiscal Year 2020 The ODP Corporation had withdrawn its previously issued 2020 guidance on May 6, 2020, due to the global business disruption and uncertainty caused by the COVID-19 pandemic. Annonce • Jul 23
The ODP Corporation to Report Q2, 2020 Results on Aug 05, 2020 The ODP Corporation announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Aug 05, 2020 
