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Concentrations of Risk
3 Months Ended
Mar. 31, 2025
Risks and Uncertainties [Abstract]  
Concentrations of Risk

16. Concentrations of Risk

ODP Corporation ("ODP"), formerly Office Depot Inc., along with its subsidiaries and affiliates, is our largest customer in the Paper segment. Our Paper segment has had a long-standing commercial and contractual relationship with ODP. This relationship exposes us to a significant concentration of business and financial risk. Our sales to ODP represented approximately 4% and 5% of our total Company sales for the three months ended March 31, 2025 and 2024, respectively, and approximately 58% of our Paper segment sales for both periods. For the full year 2024, sales to ODP represented about 58% of our Paper segment sales.

At March 31, 2025 and December 31, 2024, we had $41.7 million and $37.5 million of accounts receivable due from ODP, respectively, which represents approximately 4% and 3% of our total Company receivables for those periods, respectively.