OfficeMax Incorporated (OMX) - NYSE
OMX is defunct.
  • Oct. 24, 2011, 1:25 PM
    Shares of retail stores (XRT +3%) enjoy a boost from FedEx's (FDX +2.8%) forecast of record holiday shipments. FedEx expects to ship 17M packages, a 10% rise Y/Y, and overall retail sales to rise 2.5%-3% this holiday season. Leading today's charge is JC Penney (JCP +3.7%), named a top pick last week at T2 Partners; also ANN +3.3%, M +4.7%, OMX +9%.
    | Oct. 24, 2011, 1:25 PM | 1 Comment
  • Oct. 6, 2011, 3:50 PM
    Staples (SPLS +3.1%) tacks on a gain after Deutsche reiterates its Buy rating on shares. Rivals OMX +1.5% and ODP +7.3% also move higher, despite being placed "on review" this week by Morningstar.
    | Oct. 6, 2011, 3:50 PM
  • Oct. 3, 2011, 10:30 AM

    Shares of OfficeMax (OMX -4.7%) fall as the woes continue for the retailer. Morningstar analyst Joscelyn MacKay sees light at the end of the tunnel, saying an increased channel distribution and improved website strategy could boost sales. On the flip side, the tricky part is rival Staples (SPLS +0.5%) already has a sizable market share lead in the "sweet spot" of retail, the Northeast. Is a OMX-ODP merger in the offing?

    | Oct. 3, 2011, 10:30 AM
  • Sep. 20, 2011, 11:59 AM

    Office Depot (ODP +1.3%) plans to sell Kindles (AMZN -1.1%) in retail stores beginning Sept. 25, coming late to the Kindle-selling party compared to rivals Staples (SPLS +0.1%) and OfficeMax (OMX +1.1%).

    | Sep. 20, 2011, 11:59 AM
  • Sep. 13, 2011, 10:51 AM

    Office supply chains OfficeMax (OMX +5.4%) and Office Depot (ODP +3.9%) are posting gains after OfficeMax updates its guidance. The company says H2 sales will be slightly higher than last year, and the adjusted operating income margin rate will be flat to slightly higher. Sales for Q3 are expected to be slightly lower than last year's total.

    | Sep. 13, 2011, 10:51 AM
  • Sep. 9, 2011, 2:26 PM

    It's another tough day for shares of firms selling office supplies. OfficeMax (OMX -7.2%), Staples (SPLS -3.1%) and Office Depot (ODP -5.7%) are all coming off the GS retailers conference where guidance, comments and jawboning did little to enthuse investors. The only surprise may have been Staples' CEO Ron Sargent's prediction of major consolidation within the sector.

    | Sep. 9, 2011, 2:26 PM
  • Sep. 7, 2011, 11:49 AM

    Shares of Officemax (OMX +6.3%) and Staples (SPLS +3.5%) feel the upward pull of gravity from rival Office Depot's (ODP +11.2%) big gain in share price following its update on the back-to-school season at the Goldman Sachs retail conference. Staples CEO didn't provide much color at the same conference, saying the season was "OK," neither a "downer" or "robust."

    | Sep. 7, 2011, 11:49 AM
  • Sep. 2, 2011, 10:32 AM

    Shares of Staples (STPLS -4.4%) and Officemax (OMX -5.1%) are steep decliners on the negative outlook for employment. In particular, investors may be absorbing the terrible private-sector job number as a bad omen for office supply spending.

    | Sep. 2, 2011, 10:32 AM
  • Aug. 15, 2011, 10:57 AM

    Shares of Officemax (OMX +11.8%) pop after Zacks ups it to neutral. The firm cites improvements in customer service, cost cutting measures and inventory shifts that should lead to margin gains in coming quarters. Additionally, SEC filings show CEO Saligram Krishnamurty purchased around 38K shares last Friday.

    | Aug. 15, 2011, 10:57 AM
  • Aug. 8, 2011, 10:30 AM

    OfficeMax (OMX -12.2%) takes a hit this morning as Goldman downgrades the shares to neutral, saying "we see a challenged firm, in a challenged sector, with few catalysts, and an operating leverage profile that could work against it in a downturn." The firm raises its H2 forecast, but cuts 2012 and 2013.

    | Aug. 8, 2011, 10:30 AM
  • Aug. 2, 2011, 10:53 AM

    OfficeMax (OMX +14%) trades higher in relief after its Q2 beat, albeit on low expectations. The reality is the company closed eight stores, and posted its 14th revenue decline over 15 quarters. Even with todays rally, the stock is still down over 40% for the year and badly underperforming the market.

    | Aug. 2, 2011, 10:53 AM
  • Jun. 20, 2011, 1:51 PM
    Shares of struggling office supply retailers Office Depot (ODP +4.4%) and OfficeMax (OMX +6.2%) are up sharply after Office Depot CEO Neil Austrian suggests he is "very open" to industry consolidation and a potential deal with OfficeMax. Also, SPLS +0.5%.
    | Jun. 20, 2011, 1:51 PM
  • Jun. 3, 2011, 11:53 AM

    Staples (SPLS -3.5%) chief Ron Sargent plays matchmaker - saying consolidation in the struggling office-supply sector means the big three will have to become two, and Office Depot (ODP) and OfficeMax (OMX) are a "natural pairing." He thinks that's more likely to be approved than Staples buying either; or is Staples itself a target?

    | Jun. 3, 2011, 11:53 AM
  • May 9, 2011, 1:11 PM

    Staples (SPLS -2.9%) loosens a bit on a Nomura downgrade (to a Sell equivalent) blamed on "a secular battle for relevance" in the office-supply sector. The firm reduces its price target to $17 but expects SPLS to perform better in the long term than Office Depot (ODP -2.3%) and OfficeMax (OMX +0.1%), which both reported sharply lower income; SPLS reports results May 18.

    | May 9, 2011, 1:11 PM
  • Apr. 28, 2011, 9:22 AM
    OfficeMax (OMX): Q1 EPS of $0.13 misses by $0.14. Revenue of $1.86B (-2.8% Y/Y) beats by $0.01B. Shares -5% premarket. (PR)
    | Apr. 28, 2011, 9:22 AM
  • Apr. 28, 2011, 12:05 AM

    Notable earnings before Thursday open: ABC, AET, AHL, APA, AVT, BC, BG, BLL, BMS, BMY, BWA, CAH, CAM, CCE, CELG CL, CLI, CMS, CNX, CRUS, D, DISCA, DLR, DOW, EQT, HGSI, HOT, HP, HST, IP, IPG, IRM, KBR, LINE, MFA, MHS, MJN, MSI, NBL, NHD, OCR, OMX, ORI, OSK, OXY, PEP, PG, PHM, POT, PTEN, RCL, RTN, S, SAP, SNH, SWY, TWC, TYC, VIA.B, WM, XEL, XOM, ZMH

    | Apr. 28, 2011, 12:05 AM
Company Description
OfficeMax is a leader in both business-to-business and retail office products distribution. We provide office supplies and paper, print and document services, technology products and solutions and office furniture to large, medium and small businesses, government offices and consumers. OfficeMax... More
Sector: Services
Industry: Specialty Retail, Other
Country: United States