Henry Holt & Company has undergone a number of incarnations since it was formed in 1866, when Henry Holt partnered with Frederic Leypoldt to publish books under the name Leypoldt & Holt. For one thing, it has had a number of different names, owners, and mission. The Henry Holt that exists today began to take shape in 1985, when the Holtzbrinck Publishing Group acquired the trade operation of Holt, Rinehart and Winston, while the textbook business was sold to Harcourt Brace Jovanovich. From the very beginning, Holt published a mix of trade books and textbooks, and in the 1870s it added children’s books to its mix. By 1876, Holt had published a total of more than 300 titles. In 1915, the company released the first work by an author who would be key to its identity in the early part of the 20th century: Robert Frost. By the 1930s, Frost had become a mainstay of the Holt list, and between 1924 and 1943 four of his titles won Pulitzer Prizes for poetry: New Hampshire (1924), Collected Poems (1931), A Further Range (1937), and A Witness Tree (1943). During that period, Holt poet Mark Van Doren also took home a Pulitzer for poetry, winning in 1940 for Collected Poems.
Q2 2018 Reported Sales Increase of 11% to $2.6 Billion
Sales Increase of 4% in Business Solutions Division (BSD)
Improving Trends in Retail Division with Q2 2018 Comparable Sales Down 2%
Services Revenue Increases to 16% of Total Sales
Q2 2018 Operating Income of $48 Million versus $41 Million in Prior Year
Re-Initiated Share Repurchase Program
BOCA RATON, Fla.–(BUSINESS WIRE)–Aug. 7, 2018– Office Depot, Inc. (“Office Depot,” or the “Company”) (NASDAQ: ODP), a leading omni-channel provider of business services and supplies, products and technology solutions, today announced results for the second quarter ended June 30, 2018.
Total reported sales for the second quarter of 2018 were $2.6 billion compared to $2.4 billion in the second quarter of 2017, an increase of 11%. Product sales in the second quarter were up 1%, while service revenues grew 120%, driven primarily by the revenues contributed by the CompuCom acquisition. On a consolidated basis, services represent approximately 16% of total Company sales. Service revenue excluding CompuCom grew 8% in the second quarter, due to the Company’s strategic efforts to grow overall business services revenue.
In the second quarter of 2018, Office Depot reported operating income of $48 million and net income from continuing operations was $19 million, or $0.03 per share, compared to operating income of $41 million, net income from continuing operations of $21 million and $0.04 per share in the second quarter of 2017.
For the first half of 2018, Office Depot reported operating income of $125 million compared to an operating income of $165 million in the first half of 2017. Net income from continuing operations for the first half of 2018 was $52 million, or $0.09 per share, compared to net income from continuing operations of $95 million, or $0.18 per share, in the first half of 2017. The year-over-year decrease was due to lower gross margins from store and supply chain cost deleverage, as well as higher selling, general and administrative expenses experienced primarily in the first quarter of 2018.
more detail at: http://investor.officedepot.com/phoenix.zhtml?c=94746&p=irol-newsArticle&ID=2362398