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.
Ingram Micro Holding Corporation reports developments across the global information technology sales channel, where it distributes products and services from technology manufacturers and cloud providers to business-to-business technology experts. Company updates commonly cover operating results, capital returns, secondary common stock offerings, shareholder voting matters and investments in the Xvantage™ AI-powered digital platform.
News also includes platform and partner-enablement milestones, including Microsoft designations, AI application services, patents tied to Xvantage™, and services such as financing, specialized marketing, lifecycle management and technical pre- and post-sales support.
Ingram Micro has secured two prestigious 2024 AWS Partner Awards, marking significant achievements in cloud services distribution. The company won the Global Distributor Partner of the Year award for the second consecutive year, recognizing their contributions to growth and partner enablement. Additionally, their subsidiary BRLink received the Innovation Partner of the Year award for the LATAM region.
The company recently integrated AWS Marketplace into their AI-powered Xvantage digital platform, streamlining operations for channel partners. As a Premier AWS Consulting Partner, Ingram Micro provides technical resources, sales support, and professional services to help partners establish and expand their AWS business. The awards, announced at AWS re:Invent 2024, were evaluated by Canalys using objective metrics and customer success cases.
Ingram Micro (NYSE: INGM) has announced a new multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to enhance cloud solutions and service delivery capabilities through its digital platform Xvantage™. The agreement focuses on two key areas:
1. Expanding professional services capabilities, including cloud assessment, migration, and AI services using AWS tools like Amazon Bedrock and SageMaker.
2. Enabling Independent Software Vendors (ISVs) and channel partners to initiate Channel Partner Private Offers through AWS Marketplace and Ingram Micro Xvantage.
As the only AWS Distributor offering such services globally, Ingram Micro will help partners list offerings at scale and build industry-specific solutions for sectors including Retail, Manufacturing, Education, Healthcare, Finance, and Government.
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.