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Dec 28, 2024
ODP Q4 2024 Earnings Report
ODP reported a decrease in revenue and earnings due to lower sales in its Office Depot Division and ODP Business Solutions Division.
Key Takeaways
The ODP Corporation announced Q4 2024 results with a revenue of $1.6 billion and GAAP EPS of $0.36. The company is focusing on B2B growth, including a new agreement with a hospitality management company.
Total sales were $1.6 billion, a 10% decrease compared to the prior year.
GAAP operating income was $20 million, and net income from continuing operations was $11 million, or $0.36 per diluted share.
Adjusted operating income was $32 million, and adjusted EBITDA was $58 million.
Adjusted net income from continuing operations was $20 million, or $0.66 per diluted share.
Revenue by Segment
Forward Guidance
The company is focusing on capturing opportunities in the B2B marketplace and pursuing growth in new industry segments.
Positive Outlook
- Strategic priority remains centered on capturing the numerous opportunities in the B2B marketplace
- Pursuing growth in new industry segments
- Confident in the strength of our strategy
- Steadfast in our commitment to delivering sustained, long-term value for our shareholders
- Looking forward to providing updates on our progress and offering deeper insights into our long-term growth plans in the quarters ahead
Challenges Ahead
- Transformational progress takes time to fully materialize
- Macroeconomic conditions continue to present near-term challenges
- Performance in 2024 was impacted by weak macroeconomic trends
- Subdued business and consumer activity
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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