ODP Business Solutions signs hospitality purchasing contract with OMNIA

BOCA RATON, Fla. - The ODP Corporation (NASDAQ:ODP), a $616 million market cap company currently trading at attractive valuations according to InvestingPro data, announced Monday that its ODP Business Solutions division has secured a hospitality purchasing contract with OMNIA Partners, the nation’s largest group purchasing organization.

Under the agreement, ODP Business Solutions will provide OMNIA Partners members with hospitality-focused products including linens, terry cloth towels, bathroom amenities and other in-room supplies.

The partnership aims to expand ODP’s presence in the hospitality sector, which represents a growing $16 billion segment according to the company’s press release.

"Our growing collaboration with OMNIA Partners is a testament to our ability to support a multi-faceted and expansive customer base across the hospitality industry," said David Centrella, executive vice president of The ODP Corporation and president of ODP Business Solutions.

Jeff Gillmer, Senior Vice President of Private Sector Sales at OMNIA Partners, stated that ODP Business Solutions’ "high-quality selection of products and solutions and global supply chain will undeniably deliver greater value and savings to the organizations we serve."

The partnership is expected to provide OMNIA Partners members with increased purchasing power, streamlined procurement processes, and access to hospitality-focused products and services.

The ODP Corporation operates through several divisions including ODP Business Solutions, Office Depot, and Veyer, offering business-to-business distribution platforms and omnichannel presence through supply chain operations, sales professionals, online presence, and retail stores. Trading at a P/E ratio of 12.7x and maintaining a FAIR financial health score, the company shows promising fundamentals. For deeper insights into ODP’s valuation and growth potential, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.

In other recent news, ODP Corp reported its Q2 2025 earnings, surpassing earnings per share (EPS) expectations. The company achieved an EPS of $0.51, outperforming the anticipated $0.36, which is a 41.67% surprise. However, ODP Corp’s revenue did not meet forecasts, coming in at $1.58 billion compared to the expected $1.59 billion. Despite the earnings beat, the revenue shortfall adds a layer of complexity for investors evaluating the company’s financial health. These results are part of the recent developments investors are considering. The stock’s pre-market activity reflected a 2.51% increase to $17.99, though it stayed within its 52-week trading range. This performance has caught the attention of analysts and investors alike.

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