ODP Corporation reports Q3 adjusted EPS $1.88, consensus $1.56

Reports Q3 revenue $2.01B, consensus $2.04B. “I am extremely impressed seeing the day-to-day commitment and exceptional execution from our team as I fulfill CEO Gerry Smith’s responsibilities while he is on medical leave,” said Joseph Vassalluzzo, ODP‘s chairman of the board. “In the quarter, our team delivered strong operating income and earnings per share results against a challenging economic backdrop, reflecting our unwavering commitment to operational excellence and to our low-cost business model approach.” “We continue to make progress across our four business units as we execute our three horizons strategy. This included expanding margins at ODP Business Solutions, new product testing and category expansion at Office Depot, securing new third-party customers at Veyer while remaining on track to more than double third-party EBITDA this year, and enhancing our platform and customer engagement at Varis.