Office Depot (ODP) Tops Q3 EPS by 1c, Revenues Beat; Lifts FY18 Revenue Guidance Above Consensus, Offers FY19 Revenue Views Above Estimates
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Go back to Office Depot (ODP) Tops Q3 EPS by 1c, Revenues Beat; Lifts FY18 Revenue Guidance Above Consensus, Offers FY19 Revenue Views Above Estimates
November 7, 2018 6:50 AM EST
Delivered strong revenue growth and free cash flow generation; Drove
organic sales increases in Business Solutions Division; Grew services
revenues and expanded the distribution network
Third Quarter 2018 Highlights
Reported Sales of $2.9 Billion, Up 10%
Business Solutions Division (BSD) Sales Up 6%; Up 1% Organically
Service Revenues up 28% in BSD and up 11% in Retail Division(1)
Retail sales down 6%; down 5% adjusted for new revenue recognition
standard
Operating Income of $105 Million Flat versus Prior Year, despite
Disappointing Performance at CompuCom
Operating Cash...
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