The Odp Corp Stock Price, News & Analysis

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.

ODP Business Solutions, a division of The ODP (NASDAQ: ODP), has secured a new multi-year furniture contract with Region 4 Education Service Center (ESC) with potential annual revenue of up to $500M. Through OMNIA Partners, the contract enables ODP's Workspace Interiors team to provide furniture, installation, and related services to K-12 schools, higher education institutions, and local governments across the United States.

The contract offers OMNIA Partners members access to products for various environments, including breakrooms, classrooms, offices, libraries, and cafeterias. Region 4 ESC serves 48 public school districts and 43 public charter schools, representing over 1.2 million students and 111,000 educators. This marks ODP Business Solutions' fifth contract award, demonstrating their commitment to serving public sector organizations.

The ODP (NASDAQ:ODP) announced a strategic partnership with one of the world's largest hotel management organizations, positioning ODP Business Solutions as a preferred provider for Operating Supplies & Equipment (OS&E). This expansion targets the $16 billion hospitality industry, focusing on in-room hotel supply needs.

The agreement marks a significant milestone in ODP's B2B evolution beyond office supplies, allowing the company to provide bed and bath textiles, liquid beauty products, lodging kits, room technology, and in-room amenities. The hospitality sector, combined with adjacent industry segments, represents a $60 billion market opportunity for ODP Business Solutions to showcase its next-day delivery, customer service, and national supply chain coverage.

Office Depot (ODP) has announced a new business initiative with Verizon to offer telecommunications products and services through kiosks in select Office Depot and OfficeMax stores. The initial phase includes four locations in California and Illinois, with California stores launching in December 2024 and Illinois stores in early 2025.

The partnership will feature Verizon authorized agents selling products including 5G Business and Home Internet, One Talk Business Voice Over IP Solution, smartphones, watches, and tablets. The program will launch in two California locations (La Crescenta and Pasadena) and two Illinois locations (Chicago and Crystal Lake), offering customers access to market-exclusive promotions and national deals.