Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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 Announcement • Mar 21
The ODP Corporation, Annual General Meeting, May 01, 2025 The ODP Corporation, Annual General Meeting, May 01, 2025. Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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 Board Change • Nov 22
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. Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$1.79 (vs US$1.12 in 1Q 2022) First quarter 2023 results: EPS: US$1.79 (up from US$1.12 in 1Q 2022). Revenue: US$2.11b (down 3.2% from 1Q 2022). Net income: US$72.0m (up 31% from 1Q 2022). Profit margin: 3.4% (up from 2.5% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in South America are expected to grow by 5.0%. Announcement • 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 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 16% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 26% per year. 
