Welcome to our dedicated page for Ingram Micro Holding Corporation news (Ticker: INGM), a resource for investors and traders seeking the latest updates and insights on Ingram Micro Holding Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ingram Micro Holding Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ingram Micro Holding Corporation's position in the market.
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.
FAQ
What is the current stock price of Ingram Micro Holding Corporation (INGM)?
What is the market cap of Ingram Micro Holding Corporation (INGM)?
