ODP Corporation (ODP)

In the past six months, The ODP Corporation agreed to be acquired by Atlas Holdings in an all-cash transaction valued at approximately $840 million, offering ODP stockholders $28.00 in cash per share. ODP reported its Q2 2025 earnings, with EPS jumping 42% and beating estimates, despite a 7.6% year-over-year revenue decline. ODP announced a milestone agreement to enter the $16 billion hospitality segment, becoming a key supplier and distribution partner. The company launched an "Optimize for Growth" plan to accelerate revenue growth in B2B industry segments. In 2024, the company repurchased approximately 1.4 million shares at a cost of $43 million. The company has continued to close retail stores, with approximately 60 retail stores closed over the 12-month period prior to Q2 2025.

The ODP Corporation's retail sales historically show seasonality, with consumer spending typically highest in August during the back-to-school season. Sales also tend to increase in January and there is a slight uptick in March sales. The company experiences increased activity and promotions during the holiday season. The company's B2B segment might have different seasonality patterns compared to its retail consumer sales.

The ODP Corporation is a B2B distribution company offering workplace essentials, technology, and services through various channels, supported by its integrated supply chain and procurement platforms. It connects suppliers with a diverse customer base, utilizing both digital and physical footprints. The company operates through ODP Business Solutions, Office Depot, Veyer, and Varis divisions, with a brand portfolio including Office Depot, OfficeMax, CompuCom, and Grand&Toy.

The ODP Corporation provides its products and services in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. As of 2024, it maintains a network of approximately 869 Office Depot and OfficeMax retail stores, with plans to adjust to around 900-950 retail locations by the end of 2024. Its headquarters are located in Boca Raton, Florida, U.S.

In the past year, The ODP Corporation has focused on enhancing customer experience and operational efficiency. Office Depot launched an "Industry-Leading '15-Minute Pickup Promise'" to improve customer satisfaction. Office Depot issued an apology for an event at a Michigan store. The company's strategic shift towards a solutions-focused B2B model and investments in digital infrastructure and supply chain are intended to stabilize earnings and drive long-term profitability.

The ODP Corporation operates as a publicly traded entity, with ownership primarily distributed among large institutional investors and the general public. Institutional investors hold a significant majority of the company's shares, with approximately 95.1% to 102.22% institutional ownership reported. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Dimensional Fund Advisors LP. Gerry Smith, the CEO and Executive Director, is a notable individual shareholder.