The Odp Corp - ODP STOCK NEWS

The ODP (NASDAQ:ODP) has announced its participation in the upcoming Sidoti Virtual Conference scheduled for March 19th, 2025. The company's leadership team, including Adam Haggard and Max Hood (senior vice presidents and co-chief financial officers), along with Tim Perrott (vice president of investor relations and treasurer), will be featured in a virtual fireside chat at 1:45 pm ET.

The event will be accessible via webcast, with a replay available on ODP's investor relations website at investor.theodpcorp.com. ODP, trading under NASDAQ:ODP, operates as a leading provider of products, services, and technology solutions to businesses and consumers.

ODP Business Solutions, a division of The ODP (NASDAQ: ODP), has announced a new distribution partnership with luxury linens brand Sobel Westex, expanding its presence in the hospitality sector. The partnership will focus on supplying premium terry cloth towels, bedding, and other luxury textile products to enhance guest experiences.

Through ODP Business Solutions' logistics infrastructure and customer network, Sobel Westex will provide a comprehensive range of hospitality products including premium pillows, plush terry towels, high-quality linens, blankets, pool towels, and spa-like robes. The partnership follows ODP's recent milestone agreement with a leading hospitality management company, positioning ODP as a key supplier in the industry.

The ODP (NASDAQ:ODP) announced its participation in the upcoming UBS Global Consumer & Retail Conference scheduled for March 12th, 2025. The company's leadership team, including CEO Gerry Smith, Co-CFOs Adam Haggard and Max Hood, along with VP of Investor Relations Tim Perrott, will engage in a fireside chat at approximately 1:00 pm ET.

The event will be accessible via webcast, with a replay available on the company's investor relations website at investor.theodpcorp.com. ODP, known for providing products, services, and technology solutions to businesses and consumers, continues to maintain transparent communication with investors through such institutional conferences.

The ODP (NASDAQ:ODP), a leading provider of products, services and technology solutions to businesses and consumers, has announced its participation in the upcoming Loop Capital Markets 2025 Investor Conference. The conference will be held virtually on March 10th, 2025.

The company will be represented by Adam Haggard and Max Hood, both serving as senior vice presidents and co-chief financial officers, along with Tim Perrott, vice president of investor relations and treasurer.

CoreTrust, a leading group purchasing organization (GPO), has announced a partnership with ODP Business Solutions, a division of The ODP (NASDAQ: ODP), to enhance savings opportunities for its 3,500+ business members. The agreement focuses on providing access to ODP's workplace solutions, including interiors/furniture, technology, breakroom supplies, and print/promotion services.

CoreTrust, which manages over $7 billion in annual aggregated spend, typically helps members achieve an average 20% savings on indirect spend. Through this collaboration, ODP Business Solutions gains access to CoreTrust's valuable business member base, while CoreTrust members benefit from ODP's 30-year expertise and strong supply chain capabilities.

The partnership reinforces CoreTrust's position as a procurement leader, offering free membership, pre-negotiated supplier contracts, spend analysis, and streamlined onboarding processes for organizations seeking cost efficiency.

ODP Business Solutions, a division of The ODP (NASDAQ: ODP), has announced a Private Sector purchasing contract with CoreTrust, a leading group purchasing organization. The partnership will serve CoreTrust's 3,500+ business member purchasing collective across major industries including retail, manufacturing, hospitality and finance.

Through this agreement, ODP Business Solutions will provide CoreTrust members with solutions in interiors/furniture, technology, breakroom supplies, and print, promotion and apparel services. These categories are projected to grow at a 4-6% CAGR over the next five years. CoreTrust, which manages over $7 billion in annual aggregated spend, helps its members achieve an average 20% savings on indirect spend.

This partnership represents a significant growth milestone for ODP Business Solutions, following recent expansions in the hospitality sector.

ODP Business Solutions, a division of The ODP (NASDAQ: ODP), has announced a strategic distribution partnership with Hunter Amenities to expand its presence in the hospitality industry. Through this partnership, ODP will distribute Hunter's comprehensive range of hotel and guest amenities, including liquid beauty products, soaps, and dry goods.

Hunter Amenities, a global manufacturing company with over four decades of experience in personal care and hospitality, will provide its high-end product portfolio through ODP's distribution network. The product line includes shampoo, conditioner, body wash, lotion, hand wash, and VIP indulgences such as lip balm, hand cream, and facial mist.

This partnership follows ODP Business Solutions' recent milestone contract with a leading hospitality management company and aligns with their strategy to expand into new verticals while maintaining their existing offerings in technology, professional cleaning, and furniture.

The ODP (NASDAQ:ODP) reported Q4 2024 results with revenue of $1.6 billion, down 10% year-over-year. The company posted GAAP EPS of $0.36 and adjusted EPS of $0.66.

Key Q4 metrics include:

• Operating income of $20 million
• Adjusted EBITDA of $58 million
• Operating cash flow of $34 million

Full year 2024 performance showed:

• Total sales of $7.0 billion
• Net income of $106 million
• Adjusted EBITDA of $268 million

The company announced its 'Optimize for Growth' plan, focusing on B2B expansion and reducing retail exposure. A significant milestone includes signing an agreement with a major hotel management company, entering the $16 billion hospitality industry. The company repurchased 1.4 million shares for $43 million in Q4 and maintained $644 million in total available liquidity.

The ODP (NASDAQ:ODP) has scheduled the announcement of its fourth quarter and full year 2024 financial results for Wednesday, February 26th, 2025, before the market opens. The company will host a webcast conference call with financial analysts and investors at 9:00 am Eastern Time on the same day.

The webcast will be accessible through The ODP 's Investor Relations website at investor.theodpcorp.com. A replay will be available approximately two hours after the event. The company will also make available the earnings press release, supplemental financial disclosures, and presentation materials on their website.