May. 8 at 2:40 PM
Noble Capital Markets Research Report: The ODP Corporation (
$ODP) – A Step In The Right Direction
Q1 Results. Sales for the first quarter were
$1.699 billion compared to
$1.869 billion last year but were above our expectations of
$1.625 billion. Net loss totaled
$29 million, or a loss of
$0.97/sh, compared to a net income of
$15 million, or
$0.40/sh, in the prior year. Adjusted EPS was
$1.06, which surpassed our estimate of
$0.58/sh, but was lower than
$1.31 last year. Adjusted EBITDA of
$76 million beat our estimate of
$59 million and decreased from
$91 million last year.
Read more: https://www.channelchek.com/news-channel/the-odp-corporation-odp-a-step-in-the-right-direction
