The company's longest-tenured employee rings the NYSE Closing Bell
to celebrate 10 years on the Big Board
New York City, November 9, 2006 - Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor, marked its first 10 years as a public company on Wednesday, Nov.8, 2006 by ringing the closing bell at the New York Stock Exchange.
The bell ringing ceremony marked a decade that included Ingram Micro riding the technology wave to the top of the distribution world and then experiencing the effects from the dot.com bust. Over the past three years, the nearly $29 billion distributor (Sales, FY 2005), 72nd largest company (Fortune 500 list 2006) in the United States, has solidified its position as the leader in its industry with 12 consecutive quarters of meeting or exceeding its sales and earnings guidance. The company is on pace to once again surpass $30 billion in sales, based on three quarters of announced results and publicly disclosed guidance for the fourth quarter.
"With a No. 1 position globally in our core distribution business and margin expansion through superior execution and diversification into adjacent markets, Ingram Micro is poised for continued profitable growth," said Greg Spierkel, CEO, Ingram Micro. "We've experienced the gamut of business events in our first 10 years as a public company and are much stronger and smarter because of it. It is our associates around the world who deserve the credit for demonstrating resiliency by overcoming some daunting challenges along the way and providing innovative business ideas during the better times."
The distributor's longest-tenured associate, Donato Garcia, had the honor of ringing the closing bell while Spierkel worked the gavel signaling the end of the NYSE trading day. Garcia, a senior warehouseman and a 24-year employee of the distributor, was treated to his first trip to New York City and was given the ceremonial duty typically bestowed on heads of state and captains of industry. Joining Spierkel and Garcia on the podium were Kevin Murai, chief operating offer and president; Bill Humes, chief financial officer; Ria Carlson, chief strategy officer; and Larry Boyd, general counsel.
Garcia was hired in April 1982 and is based at Ingram Micro's 800,000-square-foot Advanced Logistics Center (ALC) in Mira Loma, Calif., near Riverside, one of seven centers the company has in North America, and one of 89 various-sized distribution facilities around the world.
Note to editors: A print-ready photograph of Ingram Micro's bell-ringing ceremony at the NYSE is available for download, contact Chris Kelly for login information.
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 140 countries and is the only global IT distributor with operations in Asia. Visit www.ingrammicro.com.
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2006 Ingram Micro Inc. All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.
Media:
Ingram Micro Inc.
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Chris Kelly (714) 382-3355
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Investors:
Ingram Micro Inc.
Ria Marie Carlson (714) 382-4400
ria.carlson@ingrammicro.com
Kay Leyba (714) 382-4175
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