Scaglione

The ODP Corporation Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

Total reported sales for the third quarter of 2023 were $2 billion, a decrease of 8% compared with the same period last year.

Key Points: 
  • Total reported sales for the third quarter of 2023 were $2 billion, a decrease of 8% compared with the same period last year.
  • Operating results in the third quarter of 2023 included $4 million of charges.
  • Adjusted results for the third quarter of 2023 exclude charges and credits totaling $4 million as described above and the associated tax impacts.
  • Third quarter of 2023 adjusted EBITDA was $125 million compared to $131 million in the prior year period.

The ODP Corporation Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023

Total reported sales for the second quarter of 2023 were $1.9 billion, a decrease of 6% compared with the same period last year.

Key Points: 
  • Total reported sales for the second quarter of 2023 were $1.9 billion, a decrease of 6% compared with the same period last year.
  • Operating results in the second quarter of 2023 included $7 million of charges.
  • Net income from continuing operations was $34 million, or $0.87 per diluted share in the second quarter of 2023, up from $20 million, or $0.39 per diluted share in the second quarter of 2022.
  • Adjusted results for the second quarter of 2023 exclude charges and credits totaling $7 million as described above and the associated tax impacts.

CRN's 2023 "Women of the Channel" Honors VIPRE Security Group's Leaders

Retrieved on: 
Wednesday, May 10, 2023

NEW YORK, May 10, 2023 /PRNewswire/ -- VIPRE Security Group, a global leader and award-winning cybersecurity, privacy, and data protection company, announced today that CRN®, a brand of The Channel Company, has named Tiffany Torson, senior director, cybersecurity sales and client success, and Heather Scaglione, global channel marketing manager, to the Women of the Channel list for 2023.

Key Points: 
  • CRN's annual Women of the Channel list honors exceptional women for their strategic vision, thought leadership and channel advocacy that impacts growth and innovation in the channel.
  • The annual Women of the Channel list is the official guide to the top female leaders of the IT channel.
  • With this recognition, CRN honors leading women for their unwavering dedication and commitment to furthering channel excellence.
  • "I am thrilled to be counted among this group of amazing women and to represent the philosophy of VIPRE Security Group," Torson said.

The ODP Corporation Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, March 1, 2023

I couldn't be more proud of our team members, who go out every day and show what makes The ODP Corporation so remarkable," said Gerry Smith, chief executive officer for The ODP Corporation.

Key Points: 
  • I couldn't be more proud of our team members, who go out every day and show what makes The ODP Corporation so remarkable," said Gerry Smith, chief executive officer for The ODP Corporation.
  • Total reported sales for the fourth quarter of 2022 were $2.1 billion, an increase of 3% compared with the fourth quarter of 2021.
  • Fourth quarter and full-year sales benefited from the impact of a 53rd week in 2022 of approximately $128 million.
  • Fourth quarter operating income results include the favorable impact related to the 53rd week in 2022 of $20 million.

The ODP Corporation Appoints Max Hood Senior Vice President, Chief Accounting Officer & Controller

Retrieved on: 
Monday, February 27, 2023

The ODP Corporation (“ODP”) (NASDAQ:ODP), a leading provider of products, services and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the appointment of Max Hood as Senior Vice President, Chief Accounting Officer & Controller, effective February 26, 2023.

Key Points: 
  • The ODP Corporation (“ODP”) (NASDAQ:ODP), a leading provider of products, services and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the appointment of Max Hood as Senior Vice President, Chief Accounting Officer & Controller, effective February 26, 2023.
  • Hood will report to Executive Vice President & Chief Financial Officer Anthony Scaglione and will continue leading and directing the activities of Accounting, Financial Systems, and External Reporting for the company.
  • Hood joined the company in 2018 as VP, Financial Operations and was named VP, Accounting & Treasury in March 2021.
  • Prior to joining The ODP Corporation, he held progressive roles at GE, including Global Operations Controller for a $10B energy division.

Park West Gallery Raises Half a Million Dollars for Ukrainian Relief Efforts

Retrieved on: 
Friday, March 18, 2022

SOUTHFIELD, Mich., March 18, 2022 /PRNewswire/ -- "Art can make a difference." Those were the words of Park West Gallery's Founder and CEO Albert Scaglione as he kicked off a weekend of live-streaming online art auctions to benefit the ongoing humanitarian crisis in Ukraine starting on Friday, March 11.

Key Points: 
  • By the time the weekend was over, Park West had raised more than $500,000 for the Ukrainian Red Cross, which has been providing much needed aid and assistance to families on the ground in Ukraine.
  • Medvedev, who was born Kharkov, sold more than 100 works, also bringing in more than $50,000 for the Ukrainian Red Cross.
  • Also notable were select works from the Park West Museum collection, which included etchings from the great Rembrandt van Rijn.
  • You can find more information about the Ukrainian Red Cross and their mission along with links to donate directly to their efforts here: https://donate.redcrossredcrescent.org/ua/donate/~my-donation
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The ODP Corporation Announces Sale of Its CompuCom Subsidiary in Transaction Valued up to $305 Million

Retrieved on: 
Friday, December 31, 2021

This action represents an important step in continuing to align our business model and resources towards our core strategy, said Anthony Scaglione, chief financial officer of The ODP Corporation.

Key Points: 
  • This action represents an important step in continuing to align our business model and resources towards our core strategy, said Anthony Scaglione, chief financial officer of The ODP Corporation.
  • The transaction consideration of up to $305 million consists of a mix of cash, an interest-bearing promissory note, and a contingent future earn out.
  • We are thrilled by this opportunity to partner with the CompuCom team and build on the companys rich history of innovation.
  • Goldman Sachs & Co. LLC acted as exclusive financial advisor to ODP, and Simpson Thacher & Bartlett LLP acted as counsel to ODP on this transaction.

New Study Finds Brands Benefit from Advertising Across Mid-Sized CTV Channels

Retrieved on: 
Wednesday, November 3, 2021

First, brands are unsatisfied with the limited number of media companies that they currently leverage for buying CTV/OTT inventory.

Key Points: 
  • First, brands are unsatisfied with the limited number of media companies that they currently leverage for buying CTV/OTT inventory.
  • Todays CTV marketplace has combined the high-quality aspects of linear TV with the data and scale of digital media.
  • CTV/OTT is a major growth channel for brands looking to reach consumers who have migrated from linear TV to streaming content.
  • The study found that 40% of brands buy from OTT suppliers while 34% buy from broadcast networks compared to only 28% that buy from small- and medium-sized publishers.

New Study Finds Brands Benefit from Advertising Across Mid-Sized CTV Channels

Retrieved on: 
Wednesday, November 3, 2021

First, brands are unsatisfied with the limited number of media companies that they currently leverage for buying CTV/OTT inventory.

Key Points: 
  • First, brands are unsatisfied with the limited number of media companies that they currently leverage for buying CTV/OTT inventory.
  • Todays CTV marketplace has combined the high-quality aspects of linear TV with the data and scale of digital media.
  • CTV/OTT is a major growth channel for brands looking to reach consumers who have migrated from linear TV to streaming content.
  • The study found that 40% of brands buy from OTT suppliers while 34% buy from broadcast networks compared to only 28% that buy from small- and medium-sized publishers.

It's the Final Week to Enter Park West Gallery's 'Made in Hawaii' Artist Contest

Retrieved on: 
Tuesday, October 5, 2021

HONOLULU, Oct. 5, 2021 /PRNewswire/ -- It's the final week for fine artists from Hawaii to submit their entries to Park West Gallery's new "Made in Hawaii" artist competition.

Key Points: 
  • HONOLULU, Oct. 5, 2021 /PRNewswire/ -- It's the final week for fine artists from Hawaii to submit their entries to Park West Gallery's new "Made in Hawaii" artist competition.
  • The lucky winner will be offered a year-long contract with Park West Gallery, the world's largest art dealer.
  • "Before year's end, we will proudly welcome the 'Made in Hawaii' winning artist into the Park West family and display their creations at Park West Hawaii alongside the works of art icons like Picasso, Rembrandt, and Renoir."
  • Park West Hawaii, located at the famous Waikiki Beach Walk, is open daily from 11 am to 9 pm.