Office Depot (ODP) Tops Q4 EPS by 3c, Offers FY Guidance

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Go back to Office Depot (ODP) Tops Q4 EPS by 3c, Offers FY Guidance

Office Depot Announces Fourth Quarter and Full Year 2019 Results

February 26, 2020 6:50 AM EST

Delivered strong operating results and cash flow generation; Improved B2B platform for profitable growth; Strengthened balance sheet and returned capital to shareholders

Provides 2020 guidance

Full Year 2019 Highlights

Total Reported Sales of $10.6 Billion, down 3% from Prior Year Operating Income of $191 Million and Net Income from Continuing Operations of $99 Million Adjusted Operating Income of $367 Million, up 2% YOY; Adjusted EBITDA of $590 Million, up 4% YOY Operating Cash Flow of $366 Million and Adjusted Free Cash Flow of $310 Million

Fourth Quarter 2019... More