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Office Depot Inc (ODP.OQ)

ODP.OQ on NASDAQ Stock Exchange Global Select Market

2.00USD
24 May 2019
Change (% chg)

$0.01 (+0.50%)
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Latest Key Developments (Source: Significant Developments)

Office Depot Reports Q1 2019 Results
Wednesday, 8 May 2019 06:50am EDT 

May 8 (Reuters) - Office Depot Inc ::OFFICE DEPOT ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.07 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE $0.01 FROM CONTINUING OPERATIONS.Q1 SALES $2.8 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.76 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.UPDATES 2019 GUIDANCE.QTRLY RETAIL DIVISION SAME STORE SALES DOWN 4%."OUR Q1 RESULTS WERE DISAPPOINTING".SEES 2019 SALES $10.8 BILLION - $10.9 BILLION.SEES 2019 FREE CASH FLOW $300 MILLION - $325 MILLION.Q1 RESULTS DRIVEN PRIMARILY BY POOR PERFORMANCE AT COMPUCOM DIVISION.SEES FY 2019 ADJUSTED. EBITDA $525 MILLION TO $550 MILLION.EXPECTS TO REALIZE COST SAVINGS OF AT LEAST $40 MILLION IN SECOND HALF OF 2019 FROM BUSINESS ACCELERATION PROGRAM.COMPUCOM DIVISION OPERATING LOSS WAS $15 MILLION IN Q1 OF 2019, COMPARED TO OPERATING INCOME OF $5 MILLION IN Q1 OF 2018.SEES FY 2019 ADJUSTED. OPERATING. INCOME $325 MILLION TO $350 MILLION.FOR REMAINDER OF FISCAL 2019, COMPANY EXPECTS TO INCUR COSTS OF APPROXIMATELY $85 MILLION.OFFICE DEPOT- TOTAL COSTS TO IMPLEMENT BUSINESS ACCELERATION PLAN TO BE ABOUT $110 MILLION, OF WHICH ABOUT $100 MILLION WILL BE CASH EXPENDITURES THROUGH 2021.FY2019 REVENUE VIEW $10.90 BILLION -- REFINITIV IBES DATA.  Full Article

Office Depot Says CEO's Total Compensation For FY 2018 Was $8.9 Mln
Wednesday, 20 Mar 2019 05:00pm EDT 

March 20 (Reuters) - Office Depot Inc ::OFFICE DEPOT SAYS CEO GERRY P. SMITH'S TOTAL COMPENSATION FOR FY 2018 WAS $8.9 MILLION VERSUS $16.8 MILLION IN FY 2017 - SEC FILING.OFFICE DEPOT - CEO GERRY P. SMITH'S FY 2017 TOTAL COMPENSATION INCLUDED BONUS OF $1.2 MILLION, STOCK AWARDS OF $10.0 MILLION, OPTION AWARDS OF ABOUT $3 MILLION.OFFICE DEPOT - RATIO OF 2018 ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES IS 242 TO 1.  Full Article

Office Depot Says On Collaboration Deal With Alibaba.Com, Parties To Discuss Any Fees Expected To Be Paid By Alibaba.Com
Monday, 4 Mar 2019 07:29am EST 

March 4 (Reuters) - Alibaba Group Holding Ltd ::OFFICE DEPOT - RELATED TO COLLABORATION DEAL WITH ALIBABA.COM, PARTIES TO DISCUSS IN GOOD FAITH ANY FEES EXPECTED TO BE PAID BY ALIBABA.COM TO CO.OFFICE DEPOT - UNDER COLLABORATION DEAL WITH ALIBABA.COM, CO TO PROVIDE SERVICES UNDER SUPPLY CHAIN WORKSTREAM - SEC FILING.  Full Article

Office Depot Declares Quarterly Cash Dividend Of $0.025 Per Share
Tuesday, 5 Feb 2019 08:00am EST 

Feb 5 (Reuters) - Office Depot Inc ::OFFICE DEPOT DECLARES QUARTERLY CASH DIVIDEND OF $0.025 PER SHARE.  Full Article

Office Depot Announces Debt Repricing And New $100 Mln Stock Repurchase Program
Tuesday, 20 Nov 2018 07:00am EST 

Nov 20 (Reuters) - Office Depot Inc ::OFFICE DEPOT ANNOUNCES SUCCESSFUL DEBT REPRICING AND NEW $100 MILLION STOCK REPURCHASE PROGRAM.OFFICE DEPOT - BOARD AUTHORIZED A NEW STOCK REPURCHASE PROGRAM FOR UP TO $100 MILLION OF ITS OUTSTANDING COMMON STOCK BEGINNING JAN 1, 2019.OFFICE DEPOT INC - REPRICED ITS TERM LOAN CREDIT AGREEMENT DUE 2022.OFFICE DEPOT - AS PART OF REPRICING, CO TO REPAY ABOUT $200 MILLION OF OUTSTANDING TERM LOAN, BRINGING OUTSTANDING BALANCE TO $500 MILLION.OFFICE DEPOT INC - REPURCHASES WILL BE FUNDED THROUGH AVAILABLE CASH BALANCES.  Full Article

Office Depot Sees Services Revenue Growing To About 20 Pct Of Total Sales Through 2020
Wednesday, 16 May 2018 08:00am EDT 

May 16 (Reuters) - Office Depot Inc ::OFFICE DEPOT PROVIDES UPDATE ON STRATEGIC TRANSFORMATION TO BECOME AN OMNI-CHANNEL BUSINESS SERVICES PLATFORM.OUTLOOK TO 2020 SEES SERVICES REVENUE GROWING TO APPROXIMATELY 20% OF TOTAL SALES.EXPECTED 2019-2020 FINANCIAL TARGETS OF TOTAL SALES GROWING AT A 0% TO 2% COMPOUND ANNUAL GROWTH RATE.EXPECTED 2019-2020 FINANCIAL TARGETS OF ADJUSTED OPERATING INCOME GROWING AT A 3% TO 5% COMPOUND ANNUAL GROWTH RATE.WILL REAFFIRM 2018 OUTLOOK OF TOTAL SALES, SERVICES REVENUE, ADJUSTED OPERATING INCOME, FREE CASH FLOW.OFFICE DEPOT - EXPECTED 2019 - 2020 APPROXIMATELY $350 MILLION OF ANNUAL FREE CASH FLOW.FY2018 EARNINGS PER SHARE VIEW $0.31, REVENUE VIEW $10.88 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Greenlight Capital Cuts Share Stake In Twitter, Dissolves Share Stake in Under Armour
Tuesday, 15 May 2018 04:24pm EDT 

May 15 (Reuters) - Greenlight Capital Inc::GREENLIGHT CAPITAL DISSOLVES SHARE STAKE IN UNDER ARMOUR INC.GREENLIGHT CAPITAL CUTS SHARE STAKE IN TWITTER INC BY 10.1 PERCENT TO 2.5 MILLION SHARES.GREENLIGHT CAPITAL TAKES SHARE STAKE OF 2.1 MILLION SHARES IN OFFICE DEPOT INC.GREENLIGHT CAPITAL CUTS SHARE STAKE IN PERRIGO CO PLC BY 20.7 PERCENT TO 2.3 MILLION SHARES.GREENLIGHT CAPITAL - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

Toshiba and units reach settlement with U.S.-based firm Office Depot
Friday, 6 Apr 2018 02:37am EDT 

April 6 (Reuters) - Toshiba Corp <6502.T>:Says co and U.S.-based units reached settlement with U.S.-based firm Office Depot, Inc regarding cathode-ray tube related dispute, with settlement fund of $17 million (about 1.83 billion yen).  Full Article

Office Depot - Expects To Incur Additional $19 Million In 2018‍​ Related To Officemax Merger
Wednesday, 28 Feb 2018 07:26am EST 

Feb 28 (Reuters) - Office Depot Inc ::OFFICE DEPOT - EXPECTS TO INCUR ADDITIONAL $19 MILLION IN 2018‍​ RELATED TO OFFICEMAX MERGER, INTEGRATION & RESTRUCTURING ACTIONS.  Full Article

Office Depot Declares Quarterly Cash Dividend Of $0.025 Per Share
Tuesday, 6 Feb 2018 08:00am EST 

Feb 6 (Reuters) - Office Depot Inc ::OFFICE DEPOT DECLARES QUARTERLY CASH DIVIDEND OF $0.025 PER SHARE.  Full Article

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Office Depot, Support.com pay $35 million to settle FTC allegations

WASHINGTON Retailer Office Depot Inc and software firm Support.com Inc have agreed to pay $35 million to settle U.S. Federal Trade Commission allegations the companies tricked consumers into buying computer repair services, the agency said on Wednesday.