The ODP Corp, parent of Office Depot and OfficeMax, has announced preliminary unaudited results for the second quarter of 2022 including adjusted net income from continuing operations in the range of $38 million to $40 million; and adjusted diluted earnings per share from continuing operations in the range of 78 cents to 80 cents.
The company will officially report its second quarter 2022 financial results on August 3.
Other preliminary results include net income from continuing operations in the range of $19 to $21 million, or 38 cents to 40 cents per diluted share; total reported sales of about $2 billion; GAAP operating income in the range of $27 to $29 million; and adjusted operating income in the range of $53 to $55 million.
“We continue to execute well against a challenging environment, delivering solid operating and financial results,” said Gerry Smith, ODP CEO. “The work that we have done to operationally separate the company into four distinct businesses has positioned us with greater flexibility, creating distinct routes-to-market, allowing us to better serve customers and pursue growth. Our ability to reinvest in the business while repurchasing shares is a true testament to our team’s commitment to creating shareholder value and to the strength of our balance sheet.”
