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Last $9.26 USD
Change Today +0.05 / 0.54%
Volume 3.3M
As of 5:20 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

office depot inc (ODP) Snapshot

Open
$9.22
Previous Close
$9.21
Day High
$9.27
Day Low
$9.20
52 Week High
02/6/15 - $9.77
52 Week Low
10/15/14 - $4.26
Market Cap
5.1B
Average Volume 10 Days
5.5M
EPS TTM
$0.18
Shares Outstanding
547.4M
EX-Date
--
P/E TM
51.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for OFFICE DEPOT INC (ODP)

office depot inc (ODP) Details

Office Depot, Inc., together with its subsidiaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, including office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores. Its North American Business Solutions division sells branded office supplies, technology products, cleaning and breakroom supplies, office furniture, and other solutions, as well as copy and print services to small, medium, and large-sized businesses through a sales force, catalogs, telesales, and Internet sites. The company’s International division sells office products and services through direct mail catalogs, contract sales forces, Internet sites, and retail stores through company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. As of December 27, 2014, this segment sold it products to customers in 54 countries throughout Europe, Asia/Pacific, and Latin America; and operated 146 retail stores in France, South Korea, Sweden, New Zealand, and Australia. This division also participates under licensing and merchandise arrangements in Latin America, Europe, Israel, and Japan. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, Grand & Toy, and Viking Office Products. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

56,000 Employees
Last Reported Date: 02/24/15
Founded in 1986

office depot inc (ODP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $750.0K
President of North America
Total Annual Compensation: $876.0K
Executive Vice President and President of Int...
Total Annual Compensation: $675.0K
Chief People Officer and Executive Vice Presi...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

office depot inc (ODP) Key Developments

Office Depot, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 28, 2015; Announces Asset Impairment Charges for the First Quarter Ended March 28, 2015; Provides Earnings Guidance for the Full Year of 2015

Office Depot, Inc. announced unaudited consolidated earnings results for the first quarter ended March 28, 2015. For the quarter, the company reported sales of $3,877 million against $4,354 million a year ago. Operating income was $88 million against operating loss of $79 million a year ago. Income before income taxes was $70 million against loss before income taxes of $97 million a year ago. Net income attributable to common shareholders was $45 million against net loss attributable to common shareholders of $109 million a year ago. Basic and diluted income per share was $0.08 against basic and diluted loss per share of $0.21 a year ago. Net cash used in operating activities was $46 million against $74 million a year ago. Capital expenditures were $27 million against $39 million a year ago. Adjusted operating income was $135 million against $68 million a year ago. Adjusted net income attributable to common stockholders was $71 million against $37 million a year ago. Adjusted net earnings per common share were $0.13 against $0.07 a year ago. Adjusted operating income for the first quarter of 2015 excludes special charges and credits totaling $48 million, which were comprised of $30 million in expenses related to the Office Depot/OfficeMax merger and the pending acquisition by Staples, $13 million in International restructuring charges, and $5 million in non-cash store impairment charges. For the quarter, the company reported asset impairment charge of $5 million against $50 million a year ago. The company continues to expect total company sales in 2015 to be lower than 2014, primarily due to its decision to close certain stores, the negative impact of currency translation, business disruption from the announcement of the pending acquisition by Staples, and continued challenging market conditions. In 2015, total company capital expenditures is expected to be approximately $230 million, including approximately $80 million related to merger integration. Total company depreciation and amortization is expected to be approximately $300 million in 2015. The company expects approximately $250 million of merger integration expenses will be required during the 2015-2016 period, approximately half of which is related to optimizing the U.S. retail store portfolio by closing approximately 135 stores in 2015 and at least 100 stores in 2016. The company anticipates integration capital spending of approximately $160 million during the 2015-2016 period. Additionally, in 2015 the company estimates it will incur approximately $100 million of expenses related to the pending acquisition by Staples, primarily employee retention costs and advisory fees, including $15 million incurred in the first quarter of 2015.

Office Depot, Inc. to Report Q1, 2015 Results on May 05, 2015

Office Depot, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 05, 2015

Office Depot, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 27, 2014; Provides Earnings Guidance for the Full Year of 2015

Office Depot, Inc. reported consolidated earnings results for the fourth quarter and year ended December 27, 2014. Total reported sales for the fourth quarter of 2014 were $3.8 billion compared to $3.5 billion in the fourth quarter of 2013, and were 6% lower than combined pro forma sales of $4.1 billion in the fourth quarter of the prior year. In the fourth quarter of 2014, Office Depot reported an operating loss of $61 million and a net loss available to common stockholders of $84 million, or $0.15 per share. In the fourth quarter of 2013, the reported operating loss was $118 million and the net loss available to common stockholders, was $144 million, or $0.34 per diluted share. Adjusted operating income for the fourth quarter of 2014 was $78 million compared to a combined pro forma adjusted operating loss of $8 million in the fourth quarter of 2013. Adjusted net income available to common stockholders for the fourth quarter of 2014 was $40 million, or $0.07 earnings per share, compared to a combined pro forma adjusted net loss of $27 million, or $0.05 loss per share, in the fourth quarter of 2013. Loss before income taxes was $78 million against $134 million a year ago. For the full year 2014, Office Depot reported an operating loss of $275 million compared to an operating loss of $205 million in the full year 2013, and a net loss attributable to common stockholders of $354 million, or $0.66 per share, compared to a net loss of $93 million, or $0.29 per share in the full year 2013. For the full year 2014, adjusted operating income was $289 million, compared to combined pro forma adjusted operating income of $99 million in the full year 2013. The full year 2014 adjusted net income available to common stockholders of $117 million, or $0.22 per share, compared to a combined pro forma adjusted net loss of $2 million, or zero cents per share in the full year 2013. Sales were $16,096 million against $11,242 million a year ago. Loss before income taxes was $340 million against income of $127 million a year ago. Net cash provided by operating activities was $156 million against net cash used in operating activities of $107 million a year ago. Capital expenditures were $123 million against $137 million a year ago. Office Depot expects total company sales in 2015 to be lower than 2014, primarily due to its decision to close certain stores, the negative impact of currency translation, and continued challenging market conditions. Due to the announced agreement to be acquired by Staples, Office Depot is withdrawing previous guidance for 2015 adjusted operating income and free cash flow based on the associated uncertainty with vendors, customers, and employees. The company continues to anticipate integration capital spending of approximately $200 million during the 2014 through 2016 integration period, of which $18 million was spent in 2014. In 2015, the company expects capital expenditures to be approximately $250 million, including approximately $100 million related to merger integration. Depreciation and amortization is expected to be approximately $300 million in 2015.

 

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Industry Analysis

ODP

Industry Average

Valuation ODP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 3.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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