{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-055043","form_type":"8-K","ticker":null,"cik":"0000800240","company_name":"ODP Corp","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.010650+00:00","generated_at":"2026-06-02T14:45:04.325184+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ODP Q1 revenue down 11% to $1.9B, adjusted EPS $1.05; raises FY2024 guidance on accelerated cost cuts","bullets":["GAAP operating income $18M; net income $15M ($0.40 EPS); adjusted operating income $51M, adjusted EBITDA $82M.","Accelerating Project Core; expects ~$50M in-year savings, >$100M annualized; restructuring charges $40-50M in 2024.","Board approves plan to sell Varis B2B marketplace; Varis operating loss improved to $14M in Q1.","FY2024 guidance raised: adjusted EBITDA to $430-450M (from $410-430M), adjusted EPS to $6.30-6.60 (from $5.60-5.80).","Repurchased ~$90M shares YTD; expects to maintain or increase buyback pace."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-055043","json":"https://secwatch.observer/filing/0000950170-24-055043.json","markdown":"https://secwatch.observer/filing/0000950170-24-055043.md","text":"https://secwatch.observer/filing/0000950170-24-055043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/800240/000095017024055043/0000950170-24-055043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/800240/000095017024055043/odp-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T14:45:04.325184+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"95b4ac58c92e1a19bb1ecfe92f07537e6477dd7a","claim":"ODP Corp reported first quarter ended March 30, 2024 results: revenue $1,871, net income $15 million, EPS $0.40. Guidance reaffirmed.","evidence_excerpt":"today announced results for the first quarter ended March 30, 2024. Consolidated (in millions, except per share amounts) 1Q24 1Q23 Selected GAAP and Non-GAAP measures: Sales $1,871 $2,108 Sales change from prior year period (11)% Operating income $18 $95 Adjusted operating income (1) $51 $99 Net income from continuing operations $15 $72 Diluted earnings per","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/800240/000095017024055043/0000950170-24-055043-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 30, 2024"},{"label":"Revenue","value":"$1,871"},{"label":"Net income","value":"$15 million"},{"label":"EPS","value":"$0.40"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}