The ODP Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Max W. Hood
- Full Time Employees
- 19,000
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Address
- 6600 North Military Trail Boca Raton FL United States of America 33496
- IPO Date
- Jun 1, 1988
- CIK
- 0000800240
- Website
- investor.theodpcorp.com
- Similar Companies
- Business
- The ODP Corporation is a leading provider of business products, services, and digital workplace technology solutions primarily through an integrated business-to-business (B2B) distribution platform and an omnichannel presence. Its core offerings include office supplies and products under its retail banners Office Depot and OfficeMax; business solutions including procurement, spend management, and supply chain services; technology products and services through CompuCom; and a portfolio of other operating supplies. The company serves a broad customer base including small, medium, and enterprise-level businesses across various industries with geographic operations mainly in the United States. Founded in 1986 and headquartered in Boca Raton, Florida, The ODP Corporation also operates subsidiaries such as The Office Depot, LLC, ODP Business Solutions, LLC, Veyer, LLC, and Varis, LLC. Recent major changes include the company's definitive agreement to be acquired by an affiliate of Atlas Holdings for $28 per share, a transaction expected to close by the end of 2025. This acquisition will take ODP private and is supported unanimously by its board, marking a significant shift in ownership and positioning the company for future growth. In 2024 and early 2025, ODP expanded its business solutions division with a pivotal partnership with a leading global hotel management company, enabling ODP Business Solutions to become a preferred supplier of operating supplies and equipment (OS&E) for the hospitality sector. This strategic expansion diversifies ODP’s offerings beyond office supplies into a $60 billion market including hospitality, healthcare, and adjacent industries, with products such as linens, towels, beauty products, in-room hotel amenities, and technology. Additionally, ODP has invested in generative AI technology to enhance customer service capabilities in its retail stores, deploying the ODP Personal Assistant tool to approximately 12,000 associates across nearly 900 stores to improve customer interactions and operational efficiency. The company focuses on multiple business segments including office products and supplies retail, B2B procurement solutions, IT services and technology support, as well as hospitality and facility supplies, leveraging a robust supply chain and distribution network and a dedicated salesforce to serve its customers. Under CEO Gerry P. Smith, ODP continues to emphasize operational excellence, digital innovation, and strategic partnerships to accelerate its transformation and growth in evolving markets. The acquisition by Atlas Holdings is expected to leverage the firm’s operational expertise and resources to advance ODP's B2B growth initiatives and enhance its position as a trusted supplier across its diverse market segments. Overall, The ODP Corporation operates as a multi-faceted business products and services provider with a broad portfolio ranging from office supplies and digital procurement to hospitality and technology solutions, positioning itself at the intersection of retail and B2B distribution with significant recent strategic shifts including its pending privatization and expanded industry focus.
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