Welcome to our dedicated page for Ingram Micro Holding news (Ticker: INGM), a resource for investors and traders seeking the latest updates and insights on Ingram Micro Holding stock.
News about Ingram Micro Holding Corporation (NYSE: INGM) focuses on its role as a technology company in the global information technology ecosystem and its activities within the IT sales channel. Company announcements highlight how Ingram Micro connects technology manufacturers and cloud providers with a diversified base of business-to-business technology experts, and how it develops digital and AI-powered capabilities to support this ecosystem.
Readers of this news feed can expect updates on Ingram Micro’s financial results, including quarterly net sales and income metrics reported through press releases and Form 8-K filings. These releases provide insight into performance across geographic segments such as North America, EMEA, Asia-Pacific, and Latin America, and discuss business mix across areas like client and endpoint solutions, advanced solutions, cloud-based solutions, and other services.
Ingram Micro’s news also covers developments related to its Xvantage digital experience platform and Xvantage AI Factory, including AI agents and integrations with technologies such as Google’s Gemini models. Additional coverage includes the company’s work with major cloud providers, such as its activities as a Premier AWS Consulting Partner and global AWS distributor, and recognition through AWS Partner Awards.
Other notable topics in the company’s news include statements on cybersecurity incidents, such as the disclosure of ransomware identified on certain internal systems, and corporate actions like dividends declared by the board of directors and amendments to financing arrangements. Investors, partners, and other stakeholders can use this page to follow how Ingram Micro describes its operations, technology initiatives, financial performance, and material events over time.
Ingram Micro (NYSE: INGM) announced a restructuring plan that will reduce its workforce by approximately 850 associates by the end of Q1 2025. The company frames these changes as strategic initiatives aimed at improving organizational efficiency and enhancing customer service capabilities to support long-term growth. The company stated it will provide support to affected employees in line with standard practices.
Ingram Micro (NYSE: INGM) reported fiscal Q3 2024 results with net sales of $11.8 billion, down 1.4% year-over-year. The company posted net income of $77.0 million and diluted EPS of $0.35. Gross margin improved by 2 basis points to 7.19%. Regional performance varied, with Asia-Pacific showing growth while North America and Latin America experienced declines. The company's focus on cloud-based solutions and Other services contributed to margin improvements in certain regions. Cash used in operations was $277.0 million, though year-to-date cash provided by operations remained positive at $23.9 million.
Ingram Micro (NYSE: INGM) has announced it will release its fiscal third quarter 2024 financial results on Tuesday, November 12, 2024. The company will host a conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. A financial results press release will be issued before the conference call. Investors can access the live webcast and press release through the company's investor relations website, with domestic and international call-in numbers available. A replay will be accessible through November 26, 2024.
Ingram Micro has announced the pricing of its initial public offering of 18,600,000 shares at $22.00 per share. The offering includes 11,600,000 shares from the company and 7,000,000 shares from existing stockholders. Trading will begin on NYSE under symbol INGM on October 24, 2024. The company expects to receive $233.1 million in net proceeds, which will be used to repay term loan debt. The selling stockholder granted underwriters a 30-day option to purchase up to 2,790,000 additional shares for over-allotments.