Core Viewpoint - The ODP Corporation has initiated a $1 billion share repurchase program and partnered with Matthews South to optimize its execution, highlighting its commitment to a low-cost business model and effective capital allocation strategy [1][2]. Company Overview - The ODP Corporation is a prominent provider of products, services, and technology solutions through a business-to-business distribution platform and omni-channel presence, including supply chain operations and retail stores [4]. - The company operates through various subsidiaries, including ODP Business Solutions, Office Depot, Veyer, and Varis, aiming to empower businesses and consumers [4]. Partnership Details - The collaboration with Matthews South aims to leverage their expertise in data-driven analytics to enhance the execution of the share repurchase plan, aligning with the company's goal of maximizing long-term shareholder value [2]. - Matthews South is recognized as a leading capital markets advisory firm that assists clients in making informed financial decisions and developing software for evaluating capital market transactions [5]. Share Repurchase Program - The share repurchase program is subject to market conditions and may be suspended or discontinued at any time, with funding sourced from available liquidity [3].

The ODP Corporation (NASDAQ:ODP) Q4 2023 Earnings Conference Call February 28, 2024 8:00 AM ET Company Participants Timothy Perrott - Vice President of Investor Relations and Treasurer Gerry Smith - CEO Anthony Scaglione - Executive Vice President and CFO Conference Call Participants Jeff Lick - B. Riley Financial, Inc. Michael Lasser - UBS Group AG Gregory Burns - Sidoti & Company LLC Joe Gomes - Noble Capital Markets Operator Good morning, and welcome to the ODP Corporation's Fourth Quarter and Full Year ...

ODP Corp. (ODP) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this office supply retailer would post earnings of $1.60 per share when it actually produced earnings of $1.88, delivering a surprise of 17.50%.Over the last four quarters, the ...

BOCA RATON, Fla.--(BUSINESS WIRE)--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 amounts) 4Q23 4Q22 FY23 FY22 Selected GAAP and Non-GAAP measures:         Sales $1,806 $2,106 $7,831 $8,491 Sales change from prior yea ...

Exhibit 99.1 CONTACT: Tim Perrott Investor Relations 561-438-4629 Tim.Perrott@theodpcorp.com The ODP Corporation Announces Fourth Quarter and Full Year 2023 Results 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 ...

Title of Each class Trading Symbol(s) Name of Each Exchange on which Registered Common Stock, par value $0.01 per share ODP The NASDAQ Stock Market (NASDAQ Global Select Market) Securities registered pursuant to Section 12(g) of the Act: None UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the fiscal year ended December 30, 2023 Or ☐ Transition Report Pursuant to Section 13 ...

Group 1 - The ODP Corporation will announce its fourth quarter and full year 2023 financial results on February 28, 2024, before the market opens [1] - A conference call with financial analysts and investors will take place at 9:00 am Eastern Time on the same day, accessible to the media and the public [1] - The webcast will be available on the ODP Corporation's Investor Relations website, with a replay accessible approximately two hours after the event [1] Group 2 - The ODP Corporation is a leading provider of business services, products, and digital workplace technology solutions through an integrated B2B distribution platform [2] - The company operates through various subsidiaries, including Office Depot, LLC, ODP Business Solutions, LLC, Veyer, LLC, and Varis, Inc., aiming to empower businesses and consumers [2]

Core Points - The ODP Corporation announced that Gerry Smith will resume his role as CEO effective February 1, 2024, after a temporary medical leave [1] - Joseph S. Vassalluzzo, who acted as CEO during Smith's absence, will return to his position as independent nonexecutive Chairman of the Board [1] - Dr. David Szymanski will retire from the Board effective February 13, 2024, after serving since 2004 [1][2] - The company is focused on corporate transformation and maximizing stakeholder value [1] Company Overview - The ODP Corporation is a leading provider of business services, products, and digital workplace technology solutions through an integrated B2B distribution platform and omni-channel presence [3] - The company operates through various subsidiaries, including ODP Business Solutions, Office Depot, Veyer, and Varis, aiming to empower businesses and consumers [3]

jetcityimage The ODP Corporation (NASDAQ:ODP) is a very cheap stock based on most key metrics. ODP trades at 9x consensus FY 2024 EPS and at a forward EV/ EBITDA multiple of just 4.3x. While there are many stocks trading at cheap valuations, particularly in the retail sector, ODP stands out as having a number of catalysts that I believe have the potential to send shares higher. Key catalysts include the recently released open letter from AREX Capital Management, an aggressive share repurchase program, a ...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, and Office Depot Inc. (NYSE: ODP Corp), today announced the retailer is operating with greater efficiency with Zebra Workcloud software and Zebra’s mobile computing solutions. Office Depot will showcase its Modern Store transformation, including how it has been able to improve the customer experience and employee engage ...