Ingram Micro Holding Corp. - INGM STOCK NEWS

Ingram Micro (NYSE: INGM) has secured three prestigious iF DESIGN AWARDS 2025 for its Xvantage™ digital experience platform in the User Experience category. The awards recognize excellence in three key features: Mobile, Email to Order, and Insights & Recommendations.

The winning solutions showcase Ingram Micro's transformation from a technology distributor to a platform company, featuring:

• Xvantage Mobile: Enables solution providers to manage orders, shipments, and payments with AI-driven insights on mobile devices
• Email to Order: Uses AI to convert emailed quotes into orders, streamlining procurement
• Insights & Recommendations: Delivers AI-powered personalized insights for optimized business decisions

The competition included nearly 11,000 submissions from 66 countries, evaluated by 131 international design experts. This recognition aligns with recent findings in the IDC ProductScape report, highlighting Xvantage's role in accelerating digital transformation and optimizing IT investments.

Ingram Micro (NYSE: INGM) has launched its AI-powered Xvantage Integrations Hub, a platform designed to simplify software integrations for the technology industry. Currently available in nine countries, the hub enables instant access to prebuilt applications and secure modern workflows, reducing integration times from months to seconds or minutes.

The platform integrates with existing SaaS platforms including CRM, ERP, RMM, and CPQ systems, featuring ready-to-deploy integrations with Hub-spot, Salesforce, ZOHO, and others. Additional integrations are planned throughout 2025. The hub leverages AI models to streamline integration processes, eliminate costly custom software development, and reduce manual workloads.

Developed in-house by Ingram Micro's global platform group, the Xvantage Integrations Hub aims to accelerate business transformation and enhance collaboration across the tech sector. The platform focuses on delivering a frictionless experience for customers and vendors while prioritizing secure and efficient business execution.

Ingram Micro (NYSE: INGM) reported Q4 2024 financial results with net sales of $13.3 billion, up 2.5% year-over-year. The company posted Q4 net income of $83.1 million and non-GAAP net income of $213.1 million, with diluted EPS of $0.36 and non-GAAP EPS of $0.92.

Q4 cash from operations reached $310.0 million with adjusted free cash flow of $337.2 million. For full-year 2024, the company generated $333.8 million in operating cash and $443.3 million in adjusted free cash flow. Notable actions include $483.1 million in debt repayment during 2024 and declaration of a $0.074 per share dividend.

Regional performance showed mixed results: North America sales grew to $4.7 billion, EMEA declined 1.5%, Asia-Pacific increased to $3.6 billion, while Latin America remained stable at $1.0 billion. The company announced a $75 million share repurchase authorization through February 2026.

Ingram Micro (NYSE: INGM) has announced its participation in the upcoming Morgan Stanley Technology, Media and Telecom Conference. The company's Chief Financial Officer, Mike Zilis, will engage in a fireside chat scheduled for Wednesday, March 5th at 9:15 a.m. Pacific Time (12:15 p.m. Eastern Time).

Investors and interested parties can access both the live webcast and replay of the fireside discussion through Ingram Micro's investor relations website at https://ir.ingrammicro.com.

Ingram Micro (NYSE: INGM) announced the merger of its two partner communities - SMB Alliance and Trust X Alliance (TXA) - under the unified Trust X Alliance brand. The combined community, now designated as Elite members of the new Ingram Micro Ultra loyalty program, comprises over 500 Technology Advisors and MSPs globally.

The company appointed John Fago as executive director of worldwide growth marketing and Kelly Sander as executive director of U.S. SMB sales to lead the community. The merged entity has established presence in the U.S., Canada, U.K., Austria, Switzerland, and Germany, with members frequently recognized in prestigious channel trade lists including CRN's MSP 500 and Channel Futures' MSP 501.

The expanded Trust X Alliance community aims to enhance collaboration, knowledge sharing, and strategic growth opportunities among its members. Membership is by nomination and invitation only, with plans for a Leadership Summit in March 2025 focusing on mindset, growth, applied technology, and business excellence.

Ingram Micro (NYSE: INGM) has scheduled the release of its fourth quarter and fiscal year 2024 financial results on Tuesday, March 4, 2025. The company will host a conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) on the same day to discuss the results.

The financial results press release will be issued after market close on March 4, prior to the conference call. Investors can access the live webcast, press release, and related materials through the company's investor relations website. The call will be accessible via domestic (201-689-8796) and international (877-407-9781) phone numbers.

A telephonic replay will be available until March 18, 2025, and a webcast replay will also be accessible through the company's IR website.

Proofpoint has expanded its partnership with Ingram Micro (NYSE: INGM) to revolutionize channel partner sales processes. Through Ingram Micro's Xvantage™ digital experience platform, partners can now deliver Proofpoint's cybersecurity solutions more efficiently to SMB customers.

The integration enables automated quoting, ordering, provisioning, and purchasing, reducing previously complex workflows from hours to minutes. Proofpoint's threat defense solutions, including Core People Protection, ZenGuide, and Proofpoint Essentials, offer protection against human-targeted cybersecurity threats, impersonation attempts, and supplier fraud.

As the first security SaaS company to fully embrace this level of automation, Proofpoint demonstrates its commitment to partner-first approach. The platform provides instantaneous quote generation, automated ordering, and rapid approval reception, allowing partners to scale their business more effectively.

Ingram Micro (NYSE: INGM) has promoted Sanjib Sahoo to President of Global Platform Group, strengthening its transformation from a technology distributor to a B2B platform innovator. Sahoo, previously serving as executive vice president and chief digital officer, will lead the company's platform strategy and continue developing Xvantage, their AI-driven digital experience platform.

Xvantage, currently operational in 16 countries, features approximately 29 million lines of code, 20 intelligent engines, and 30 pending patents. The platform enables real-time interactions, data exchange, insights, and purchasing for Ingram Micro's 161,000 customers and 1,500 vendors globally. Key enhancements include end-to-end automation of transactions, automated cloud subscription management, AI-driven business insights, and a native mobile app.

The company has also announced a Strategic Collaboration Agreement with AWS, aimed at expanding channel business through Xvantage.

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.