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October 15, 2012
16:03 EDTIM, CELLIngram Micro completes Brightpoint deal, sees 18c of accretion in 2013
Ingram Micro (IM) announced that it has completed its acquisition of Brightpoint (CELL) for $9.00 per share in cash. Ingram Micro expects to realize annual cost synergies and efficiencies in excess of $55M by 2014, and the acquisition is expected to be accretive to earnings per share by 18c in 2013 and 35c in 2014, excluding one-time charges and integration costs.
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July 24, 2014
16:36 EDTIMIngram Micro sees Q3 revenue up year-over-year in high single-digits
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16:34 EDTIMIngram Micro reports Q2 EPS 54c, consensus 52c
Reports Q2 revenue $10.91B, consensus $10.58B. North America and Europe revenues benefited from robust mobility distribution sales, strong sales of networking products and an uptick in demand for systems products, including PCs. Latin America revenue growth was driven by strong sales of advanced solutions in Brazil and strength in tablets in Mexico. Strong revenue growth in North America, Europe and Latin America was partially offset by declines in Asia Pacific driven primarily by lower handset sales in Indonesia and continued sales weakness in China related to lower sales of tablets and softer demand for some of the products and vendors the company carries. Gross margin and non-GAAP operating margin grew respectively by 3 and 2 basis points year-over-year, benefiting from a better overall mix of higher value business, which more than offset lower margin volume growth in consumer and retail markets in Europe and new mobility distribution wins in North America.
July 23, 2014
10:22 EDTIMIngram Micro expands device-recovery operations at Indiana returns center
Ingram Micro division Ingram Micro Mobility is expanding device-recovery service operations at a key returns center in Plainfield, Ind. to support the increasing demand for mobility device repair, refurbishment and recycling. Anticipated growth at this facility alone is expected to reach 15% this month.
July 21, 2014
13:04 EDTIMIngram Micro says Robert Laikin extends contract, expands role
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July 16, 2014
10:00 EDTIMOn The Fly: Analyst Upgrade Summary
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07:02 EDTIMIngram Micro upgraded to Buy from Neutral at BofA/Merrill
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