In Case You Missed It: Baltimore Running Festival photos

OfficeDepot sees 4Q loss on costs of acquiring OfficeMax

Office Depot Inc.OfficeMax Inc.

Office supply retailer Office Depot Inc. reported a net loss for the fourth quarter due to charges associated with its acquisition of Naperville-based rival OfficeMax Inc.

The company, which appointed turnaround expert Roland Smith as chief executive in November, reported a net loss of $144 million, or 34 cents per share, for the quarter ended Dec. 28.

On an adjusted basis, Office Depot reported a loss of 3 cents per share.

Total sales rose 33 percent to $3.49 billion

Copyright © 2014, The Baltimore Sun
Comments
Loading