SANTA ANA, Calif., June 1 /PRNewswire-FirstCall/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor, reaffirmed its guidance for the second quarter ending July 2, 2005, in advance of an executive presentation at an upcoming investor conference.
As announced on April 28, 2005, the company expects sales to range from $6.7 to $6.9 billion, with net income ranging from $41 to $46 million or $0.25 to $0.28 per diluted share based on 164.5 million shares outstanding and an effective tax rate of 31 percent. Net income and earnings guidance exclude any reorganization costs, special items or integration expenses, which the company is unable to reasonably estimate on a quarterly basis at this time.
"Our business is solid and we remain confident in the guidance we disclosed in April," said Greg Spierkel, chief executive officer, Ingram Micro Inc. "We're pleased to confirm our guidance despite reports of economic softness in certain European markets and continuing competition in North America. Our differentiation and growth initiatives are helping us rise above the challenges of individual markets."
The company's executive vice president and chief financial officer is scheduled to present at the following investor conference:
Tuesday, June 7, 2005
Bear Stearns Technology Conference
Grand Hyatt Hotel, New York
10:30 a.m. ET (7:30 a.m. PT)
Presenter: William D. Humes, executive vice president and
chief financial officer
To access the live audio webcast of this presentation, visit the Investor Relations page of www.ingrammicro.com. The archived version will be available for approximately one week following the event.
About Ingram Micro Inc.
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 100 countries and is the only global IT distributor with operations in Asia. Visit www.ingrammicro.com.
(C) 2005 Ingram Micro Inc. All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.
SOURCE Ingram Micro Inc.
06/01/2005
CONTACT: media, Jennifer Baier, +1-714-382-2692,
Jennifer.baier@ingrammicro.com,
or Marie Meoli, WhiteFox Marketing and
Communications, +1-714-382-2190, marie.meoli@ingrammicro.com,
or investors,
Ria Marie Carlson, +1-714-382-4400, ria.carlson@ingrammicro.com,
or Kay Leyba,
+1-714-382-4175, kay.leyba@ingrammicro.com,
all of Ingram Micro Inc.
Web site: http://www.ingrammicro.com
(IM)