Recent ODP transcripts
Associated ODP filings
Timothy Perrott | Two Harbors Investment Corp. |
Gerry Smith | Chief Executive Officer |
Joe Lower | Executive Vice President and Chief Financial Officer |
Mark Carden | UBS Securities LLC |
Jason Hass | Bank of America Merrill Lynch |
Good morning, and welcome to Office Depot's Fourth Quarter and Full Year 2018 Earnings Conference Call. All lines will be on a listen-only mode for today's call after which instructions will be given in order to ask a question. At the request of Office Depot, today's call is being recorded. I would like to introduce Tim Perrott, Vice President, Investor Relations. Mr. begin. now may you Perrott,
then CEO; Good will morning Depot's is us Office On Smith, for Perrott. Vice financial our President and update thank the Quarter XXXX you business, towards CFO. our Gerry the Fourth for the with during achievements our This full on call, our including progress am joining of Joe Earnings Lower, year I company's Executive an divisional Gerry guidance quarter for transformation. our review today's QX and will performance here Joe and and noteworthy provide Conference results for highlights Tim Call. of the and including some XXXX. and
open line up questions. Following your the closing comments, Joe's will we'll have for Gerry some then remarks, and
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on our debt, distribution selective in Our investing buybacks. priorities and via are acquisitions expanding paying dividends, executing business, our servicing selectively share down focused network
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Going discuss We XXXX as forward, like guidance efforts and shareholders progress business, our our traction a approach slide to and growth. throughout I our sales historic trends addressing XXXX now we made to regain plan balanced shown for XX. continue would excellent to on reverse and on lenders.
implementing to remarks. Gerry For measures focusing improving the drive by on XXXX, are earlier his we top-line that profitability and growth in continuing highlighted
our in is last earnings XXXX of during November year as quarter Our issued guidance call third follows.
Gerry income addressing comments. our of million. Adjusted cost a reflects trends back approximately initiatives for target aimed $XXX to businesses. call up of closing flow We EBITDA addressing It million; labor focus that at flow on across his approximately all also guidance year-over-year free Gerry? with approximately and the and cash distribution expect X% approximately With $XXX $XX.X turn sales approximately I'll $XXX reflects pressures million successfully the positive continued This billion. sales to be supplier, free generation. over to adjusted of of operating cash
pleased Overall, I'm with foundation profitable and in numerous XXXX our our sustainable, supporting accomplishments growth. our strengthen very transformation for
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priorities focus include XXXX the Our following.
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valuable dedicated leading base extremely a a a presence. supply have and customer including and asset chain force a distribution large an network, marketing base, sales We
means in continue these assets. the various pursue to to to continue unlock of will We value which hidden
network, This investments our for These invest business Third, to that in generation value drive in would sales e-commerce and include the capabilities, continue demand our further greatest areas further our platforms. investments shareholders. will in involve in distribution take automation, and call remain I to turn and on to we your approach a balanced can allocation. back will technology shareholders people. capital now operator focused maintaining value And through to the finally to the questions. returning over
state your the And Michael comes open; of Michael, Instructions] name. Lasser. company line from please your line [Operator first your is question
is today. on taking Michael for it's the lot actually Carden morning, Good for UBS. a question. The firm Mark a Thanks
will single range, embedded by is by will breakdown million How implies So And in BSD slows to even for to what's guidance? the that realistic the to Thanks. increase $XXX economy if bolt-on the digit it grow that your expect continue sales XXXX. acquisitions guidance mid in the division? and assumption in
Sure, let to try address me me let that.
have guidance, give given not We but some level you segment me let direction.
right. QX look you general, trends will in continue If at the
retail a BSD. stabilizing get levels see of our the kind we CompuCom acquisition in So you at approximate relative results. very we modest see improvement guidance. you'll basis you at growth assumed growth modest up on of in and BSD an that marginal improvement, to business, have We roll if have the And
this? does a how follow-up the your Do XXXX? outlook a impact light the couple more competitive as market then of in your in of And thanks. merger competitors expect get to you Great, of big
cash over the in focused but going got We XXXX. strategy. Well, success, thanks first years. I we've We're strategy. engine to the two and engine comment last did services the a our Gerry continuing continue competition stick have this is saw strategy our in and first think on were a we're winning questions We the we engine to And for we drive mean going not sales or we tremendous invested today. business. profitability on to our we competitors, going to
didn't So and business BSD in we we people proved could continue believe something that in invest of that our And the to to was a we've parts we're improve done. going grow all before platform.
optimistic going we're we're successful. to be So
Liz line name. Liz, company a Your your Please open. Suzuki. of comes next from your question line is state
is taking Jason Bank from for question. on America. this Suzuki Thanks for our Liz Hass Hi, of
satisfied had like then in just CompuCom you're quarter. that curious I to totally called think And the I back performance. started ask get customer if also with you you curious just you know of issues what been? some Thanks. of to those out. not am this sounds had it terms the large to sales was So in wanted
business, for XX with pleased assets and time the we acquisition, I for This will years is we Gerry. year-over-year the growth point out do we From with pleased business. Gartner is perspective, in the we're overall, in acquisition but growth many we're first had to years that. very Magic post pre now CompuCom in Quadrant, accelerate the that have have straight what
make both marketplace the drive add is contract cross-selling one value. very much of and would number long a our go drive in Depot which It for across on Office the $XXX business. and acquisition will teams ensure We number building us. us and drive margin leverage across to be some that higher expansion Our of business. across achieved partnering I drive focus opportunities will the and Joe wallet of importantly happens most -term vision focused a comments. almost for platform million believe to CompuCom right efficiency that can now both the and really operational companies are share
will been We've despite and our can operational it hit we've been to have some Gerry a long are that the it pretty focus in believe and synergies to customer realized, saying candid I more business. and stronger think significant mean improve efficiency I we initiatives profitable continue our drive term. put expectations be a over this place improve
well services, to then they're you be And a generally ones I wanted Could thanks. like Great, sounds ask one. guys to speak the that resonating have with just as a offerings across seemed -- the speak there. Could Thanks. other which it maybe to performing out maybe you follow-up, divisions the across business. of to outperforming seem lot be to to relative regards you
Yes. Sure.
strength think earlier in offerings. we in talked copy and a about seeing when seeing I seeing little strength bit in subscriptions. technology our we're continued print. is some emerging We're which some We're of strength
and breadth of that that I take services an fundamental question? to Q&A to services, will just pace. pleased and core relatively continue offering at to grow we're continue with that at look the we're with you final think questions. speakers] copy all for they'll So are -selling they now cross High of expectations print, tractions. those End grow. and and we aggressive of the Any to core all starting [Multiple tech it's-- think CompuCom to add services are Thanks I if the
further if not any questions. there I'm sure are
in everyone you operator it. our on you May. driving Have thank who in. talking to we to Thank like a at to you. to we're going forward very And look Thank And focus success great you Depot. I Appreciate morning. much. called for Office continue
you, everyone for your Thank participation.
now You may disconnect.
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