Earnings summaries and quarterly performance for ODP.
Executive leadership at ODP.
Gerry Smith
Detailed
Chief Executive Officer
CEO
Adam Haggard
Detailed
Senior Vice President, Co-Chief Financial Officer
David Centrella
Detailed
Executive Vice President and President of ODP Business Solutions
John Gannfors
Detailed
Executive Vice President and President of Veyer
Max Hood
Detailed
Senior Vice President, Co-Chief Financial Officer
Sarah Hlavinka
Detailed
Executive Vice President and Chief Legal Officer and Corporate Secretary
Board of directors at ODP.
Research analysts who have asked questions during ODP earnings calls.
Gregory Burns
Sidoti & Company
4 questions for ODP
Also covers: ACCO, ALG, ATNI +12 more
Michael Lasser
UBS
3 questions for ODP
Also covers: AAP, ASO, AZO +24 more
Joseph Gomes
G.research, LLC
2 questions for ODP
Also covers: ACCO, BTBT, CMTL +17 more
Joe Gomes
Noble Capital Markets
1 question for ODP
Also covers: ACCO, BLBX, BTBT +15 more
Joshua Zoepfel
Noble Capital Markets
1 question for ODP
Also covers: BLBX, BTBT, DLHC +1 more
Zane Brock
UBS
1 question for ODP
Recent press releases and 8-K filings for ODP.
ODP Stockholders Approve Merger Agreement, Delisting Expected
ODP
M&A
Proxy Vote Outcomes
Delisting/Listing Issues
- The ODP Corporation stockholders approved the Merger Agreement with ACR Ocean Resources LLC and Vail Holdings 1, Inc. at a special meeting held on December 5, 2025.
- The merger proposal passed with 22,540,259 votes For, compared to 25,192 Against and 90,736 Abstentions.
- The Merger is expected to close on December 10, 2025, at which point ODP will become a wholly owned subsidiary and its common stock will be delisted from the Nasdaq Global Select Market.
2 days ago
ODP Corporation's Merger HSR Waiting Period Expires
ODP
M&A
Proxy Vote Outcomes
- The ODP Corporation entered into an Agreement and Plan of Merger on September 22, 2025, with ACR Ocean Resources LLC and Vail Holdings 1, Inc., an affiliate of Atlas Holdings LLC, under which ODP will become a wholly-owned subsidiary of Parent.
- The Hart-Scott-Rodino Antitrust Improvements Act (HSR) waiting period, a key condition for the merger, expired at 11:59 pm Eastern Time on November 6, 2025.
- The completion of the merger remains subject to adoption by the holders of a majority of the Company's outstanding common stock entitled to vote thereon, as well as other customary closing conditions.
Nov 7, 2025, 12:31 PM
ODP Corporation Sale Investigation and Shareholder Vote
ODP
M&A
Legal Proceedings
Proxy Vote Outcomes
- Monteverde & Associates PC is investigating the sale of ODP Corporation to an affiliate of Atlas Holdings.
- Under the terms of the proposed transaction, ODP shareholders are set to receive $28.00 in cash per share.
- The shareholder vote for this transaction is scheduled for December 5, 2025.
Nov 5, 2025, 10:30 PM
The ODP Corporation Announces Third Quarter 2025 Results
ODP
Earnings
Demand Weakening
M&A
- The ODP Corporation reported Third Quarter 2025 revenue of $1.6 billion, a 9% decrease compared to the prior year period.
- GAAP diluted earnings per share from continuing operations was $0.72, while adjusted diluted earnings per share was $1.14 for Q3 2025.
- The company generated operating cash flow of $90 million and adjusted free cash flow of $89 million in the third quarter of 2025.
- The decrease in sales was largely attributed to 63 fewer retail locations and reduced retail and online consumer traffic, as well as lower sales in its ODP Business Solutions Division.
- A previously announced transaction is expected to close by Year-End 2025.
Nov 5, 2025, 11:50 AM
The ODP Corporation Announces Third Quarter 2025 Results
ODP
Earnings
M&A
Demand Weakening
- The ODP Corporation announced Third Quarter 2025 revenue of $1.6 billion, representing a 9% decrease compared to the prior year, primarily due to 63 fewer retail locations and reduced consumer traffic.
- For Q3 2025, GAAP diluted earnings per share from continuing operations was $0.72, and adjusted diluted earnings per share from continuing operations was $1.14.
- Adjusted EBITDA remained flat at $62 million year-over-year, while operating cash flow increased to $90 million and adjusted free cash flow rose to $89 million.
- The company confirmed its previously announced merger to be acquired by an affiliate of Atlas Holdings is expected to close by year-end 2025.
- ODP recognized $13 million in restructuring income in Q3 2025 as it advanced its "Optimize for Growth" plan, which included closing 12 retail stores.
Nov 5, 2025, 11:50 AM
ODP Corp. Announces Merger Agreement and Per Share Consideration
ODP
M&A
Takeover Bid
- ODP Corp. has entered into a merger agreement to become a wholly-owned subsidiary of Parent.
- Each share of ODP Common Stock will be converted into the right to receive $28.00 per share in cash.
- The closing of the merger is scheduled for the third business day following the satisfaction or waiver of the conditions outlined in the agreement.
- Outstanding equity awards, including RSU Awards and PSU Awards, will be converted into cash based on the Per Share Merger Consideration, while options will be cancelled for no consideration.
Sep 22, 2025, 8:56 PM
ODP Corporation Agrees to $1 Billion Acquisition by Atlas Holdings
ODP
M&A
Takeover Bid
Delisting/Listing Issues
- The ODP Corporation, parent company of Office Depot, has agreed to be acquired by private equity firm Atlas Holdings for approximately $1 billion, with Atlas paying $28 per share.
- This acquisition price represents a 34% premium over ODP’s closing share price on September 19, 2025.
- The deal, which was unanimously approved by ODP's board, is expected to close by the end of 2025 and will result in ODP becoming a privately held company and its delisting from Nasdaq.
- ODP's CEO Gerry Smith highlighted that Atlas's operational expertise and resources will accelerate the company's business-to-business growth initiatives.
Sep 22, 2025, 12:34 PM
ODP Corporation to be Acquired by Atlas Holdings
ODP
M&A
Takeover Bid
Delisting/Listing Issues
- The ODP Corporation has entered into a definitive agreement to be acquired by an affiliate of Atlas Holdings in an all-cash transaction.
- Shareholders of The ODP Corporation will receive $28 per share in cash, which represents a 34% premium to the company's closing share price on September 19, 2025.
- The transaction values The ODP Corporation at approximately $1 billion and is expected to be completed by the end of 2025.
- Upon completion, The ODP Corporation will become a privately held company, and its common stock will no longer be listed on the NASDAQ stock exchange.
Sep 22, 2025, 11:13 AM
Quarterly earnings call transcripts for ODP.
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