Press Releases

SANTA ANA, Calif., June 25, 2014 /PRNewswire/ -- Ingram Micro Inc. (NYSE: IM) held an investor briefing today in New York City that was also webcast live. During the presentations, company executives outlined the company's ongoing strategy to extract more value from its core technology solutions business, while accelerating growth in higher margin business lines including mobility, cloud and supply chain solutions. The company said it was on-track to meet or exceed its 2015 financial targets¹ and also set 2016 financial targets for the first time, which included:

• Consolidated revenue expected to increase at a compound annual growth rate of 4% to 6% through 2016;
• Non-GAAP operating margins expectations of 175 to 200 basis points of revenue in 2016;
• Operating cash flow generation of $1.0 to $1.2 billion between 2014 to 2016; and
• $3.40 to $3.70 in non-GAAP earnings per diluted share in 2016.
• Returns on invested capital are targeted to be 300 basis points above the company's weighted average cost of capital.

Alain Monie, Ingram Micro CEO, commented, "As outlined over the course of today's presentations, we are executing well against our strategic initiatives, which is resulting in much stronger profitability accompanied by solid revenue increases across all lines of business. We are driving productivity and efficiencies across the company, while organically investing in, and also acquiring, key strategic capabilities to accelerate growth and increase the mix of higher margin services revenues. We are resolute in our on focus on execution and we will continue to demand more from our businesses, which will enable us to continue to deliver even better future financial performance."

A replay of the audio webcast of the investor briefing, along with the accompanying presentation slides, is available on the company's website at www.ingrammicro.com (Investor Relations section).

1. 2015 financial targets and current expectations.

About Ingram Micro Inc.
Ingram Micro helps businesses realize the promise of technology.  No other company delivers the full spectrum of global technology and supply chain services to businesses around the world. Ingram Micro's global infrastructure and deep expertise in technology solutions, supply chain, cloud and mobility enable its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that comes from decades of proven relationships, set Ingram Micro apart and ahead. Discover how Ingram can help you realize the promise of technology.

Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

The matters in this press release that are forward-looking statements, including statements relating to the expected benefits of acquisitions and the financial performance of the combined company, are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) we have made and expect to continue to make investments in new businesses and initiatives, including acquisitions, which could disrupt our business and have an adverse effect on our operating results; (2) we are dependent on a variety of information systems, which, if not properly functioning, or unavailable, or if we experience system security breaches, data protection breaches or other cyber-attacks, could adversely disrupt our business and harm our reputation and earnings; (3) changes in macro-economic conditions may negatively impact a number of risk factors which, individually or in the aggregate, could adversely affect our results of operations, financial condition and cash flows; (4) we continually experience intense competition across all markets for our products and services; (5) we operate a global business that exposes us to risks associated with conducting business in multiple jurisdictions; (6) our failure to adequately adapt to IT industry changes could negatively impact our future operating results; (7) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (8) substantial defaults by our customers or the loss of significant customers could have a negative impact on our business, results of operations, financial condition or liquidity; (9) changes in, or interpretations of, tax rules and regulations, changes in the mix of our business amongst different tax jurisdictions, and deterioration of the performance of our business may adversely affect our effective income tax rates or operating margins and we may be required to pay additional taxes and/or tax assessments, as well as record valuation allowances relating to our deferred tax assets; (10) changes in our credit rating or other market factors such as adverse capital and credit market conditions or reductions in cash flow from operations may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing; (11) failure to retain and recruit key personnel would harm our ability to meet key objectives; (12) we cannot predict with certainty what losses we may incur as a result of litigation matters and contingencies that we may be involved with from time to time; (13) we may incur material litigation, regulatory or operational costs or expenses, and may be frustrated in our marketing efforts, as a result of environmental regulations or private intellectual property enforcement disputes; (14) we face a variety of risks in our reliance on third-party service companies, including shipping companies for the delivery of our products and outsourcing arrangements; (15) changes in accounting rules could adversely affect our future operating results; and (16) our quarterly results have fluctuated significantly.  We also face a variety of risks associated with our acquisitions and any other acquisitions we may make, including: management's ability to execute its plans, strategies and objectives for future operations, including the execution of integration plans and our organizational effectiveness programs, and to realize the expected benefits of our acquisitions or our organizational effectiveness programs; growth of the mobility industry, the government contracts business, and in new and untapped markets in geographies outside the U.S.; and other uncertainties or unknown, underestimated and/or undisclosed commitments or liabilities; and our ability to achieve the expected benefits and manage the costs of the integrations of our acquisitions.

Ingram Micro has instituted in the past and continues to institute changes to its strategies, operations and processes to address these risk factors and seek to mitigate their impact on Ingram Micro's results of operations and financial condition. However, no assurances can be given that Ingram Micro will be successful in these efforts. For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Item 1A Risk Factors of Ingram Micro's Annual Report on Form 10-K for the fiscal year ended Dec. 28, 2013; other risks or uncertainties may be detailed from time to time in Ingram Micro's future SEC filings.

© 2014 Ingram Micro Inc.  All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.

Logo - http://photos.prnewswire.com/prnh/20140625/121642

SOURCE Ingram Micro Inc.

Investors: Damon Wright, (714) 382-5013, damon.wright@ingrammicro.com