Loading...
•
Sep 24, 2022
ODP Q3 2022 Earnings Report
ODP's third quarter performance was announced, featuring revenue of $2.2 billion and GAAP EPS of $1.36.
Key Takeaways
The ODP Corporation reported flat sales of $2.2 billion compared to the prior year. GAAP EPS was $1.36 and adjusted EPS was $1.48. The company's B2B distribution division, ODP Business Solutions, experienced growth, offsetting lower sales in the consumer division.
Total reported sales were $2.2 billion, flat versus the prior year.
GAAP operating income was $84 million and net income from continuing operations was $67 million, or $1.36 per diluted share.
Adjusted operating income was $95 million, compared to $122 million in the third quarter of 2021; adjusted EBITDA was $131 million, compared to $162 million in the third quarter of 2021.
Operating cash flow from continuing operations was $163 million and adjusted free cash flow was $160 million.
Forward Guidance
The company reconfirmed their outlook for the balance of the fiscal year and announced a new $1 billion share repurchase authorization, available through year end 2025.
Positive Outlook
- The company's realigned four business unit structure creates a compelling value proposition for all of its stakeholders.
- The company is focused on providing value for shareholders.
- The company has numerous opportunities to pursue long-term profitable growth.
- The company has a disciplined capital plan.
- The company's growth objectives are enabled through its realigned four business unit structure.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...