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@OfficeDepot

Press Releases - Corporate/Financial

  • 3/19/18 9:34 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ:ODP), a leading omnichannel provider of business services and supplies, products and technology solutions, today announced the appointment of Scott Kriss as Senior Vice President and Chief Accounting Officer, effective April 3, 2018. Kriss will report to Executive Vice President & Chief Financial Officer Joseph Lower, and will lead and direct the activities of General Accounting, Financial Services,more...
  • 2/28/18 6:50 am EST

    Investing to Create an Omni-Channel Business Services Platform as part of Multi-Year Strategic Transformation

    Q4 2017 Reported Sales of $2.6 Billion versus $2.7 Billion in Q4 2016

    Q4 2017 GAAP Operating Income of $59 Million versus $57 Million in Q4 2016

    Cash Flow from Continuing Operations of $467 Million and Free Cash Flow of $326 Million in 2017

    CompuCom Once Again Named a Leader in Gartner Magic Quadrant for Managed Workplace Services, N.A.

    Provides Outlook for Fiscal 2018

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot,” or the “Company”) (NASDAQ: ODP), a leading omni-channel provider of business services and supplies, products and technology solutions, today announced results for the fourth quarter and full year ended December 30, 2017more...
  • 2/14/18 5:00 pm EST
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading omnichannel provider of business services and supplies, products and technology solutions, will announce fiscal fourth quarter and full year 2017 results before market open on Wednesday, February 28, 2018. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit the Office Depot Investor Relationsmore...
  • 2/6/18 8:00 am EST
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading omnichannel provider of business services, products and technology, today announced that its Board of Directors declared a dividend of $0.025 per share ($0.10 per share on an annualized basis) on the common stock of the Company. The dividend is payable on March 15, 2018, to shareholders of record at the close of business on March 2, 2018. About Office Depot, Inc. Office Depot,more...
  • 1/3/18 5:30 pm EST

    Former B/E Aerospace, Inc. Executive Joseph Lower to Replace Retiring CFO Stephen Hare

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ:ODP), a leading omnichannel provider of business services, products and technology, today announced the appointment of Joseph T. Lower as Executive Vice President and Chief Financial Officer, effective January 8, 2018. As CFO, Lower will report directly to Chief Executive Officer Gerry Smith and be a member of the Executive Committee. He will be responsible for overseeing all financial aspects of the company,more...
  • 11/9/17 6:50 am EST
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading provider of office supplies, business products and services delivered through an omnichannel platform, today announced that its Board of Directors declared a dividend of $0.025 per share ($0.10 per share on an annualized basis) on the common stock of the Company. The dividend is payable on December 15, 2017, to shareholders of record at the close of business on November 24, 2017. Aboutmore...
  • 11/9/17 6:50 am EST

    Acquisition Combines World-Class IT Service Capabilities, Extensive Customer Base and Nationwide Footprint to Create a Powerful Omnichannel Growth Opportunity

    Strengthens Core Business Through Immediate Cross-Selling Opportunities and Ability to Become a One-Stop Destination for Business Products and Services

    Q3 2017 GAAP EPS from Continuing Operations of $0.19

    Strong 2017 YTD Operating Cash Flow (1) in Excess of $400 Million

    Plans to Host Investor Day in Early 2018 to Further Highlight New Strategic Direction

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot,” or the “company”) (NASDAQ: ODP), a leading provider of office supplies, business products and services delivered through an omnichannel platform, today announced the completion of the CompuCom Systems, Inc. (“CompuCom”) acquisition and results for the third quarter ended September 30, 2017, as well as highlights of the company’s new strategic direction. Office Depot will provide further detail on the company’smore...
  • 10/26/17 5:00 pm EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ:ODP), a leading provider of office supplies, business products and services delivered through an omnichannel platform, will announce fiscal third quarter results before market open on Thursday, November 9, 2017. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit the Office Depot Investor Relations website atmore...
  • 10/3/17 4:35 pm EDT

    Adding Market-Leading Provider of World-Class IT Services with Approximately $1.1 Billion in Sales to Create a Powerful Omnichannel Tech Services Platform

    Combines CompuCom’s Broad Set of Managed Technology Services with Access to Office Depot’s Extensive Customer Base and Last-Mile Advantage to Generate Substantial Growth Opportunities

    Expects Over $40 Million in Estimated Annual Cost Synergies within Two Years; Acquisition to be Accretive in Year One

    Attractive Free Cash Flow and Significant Financial Flexibility to Implement Office Depot’s New Strategy to Grow Recurring Business Services Revenue

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. ("Office Depot” or the “company”) (NASDAQ:ODP) today announced it is pivoting the company from a traditional office products retailer to a broader business services and technology products platform. As the first step in this new strategic direction, the company has entered into a definitive agreement to acquire CompuCom Systems, Inc. (“CompuCom”), a market-leading provider of award-winning IT services, products and solutionsmore...
  • 8/9/17 6:50 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) announced that its Board of Directors declared a dividend of $0.025 per share ($0.10 per share on an annualized basis) on the common stock of the Company. The dividend is payable on September 15, 2017, to shareholders of record at the close of business on August 25, 2017. About Office Depot, Inc. Office Depot, Inc. is a leading provider of office supplies, business products and servicesmore...