SANTA ANA, Calif., Aug. 31 /PRNewswire-FirstCall/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor, today reaffirmed guidance for the third quarter of 2006, which ends Sept. 30, 2006.
As originally reported on July 25, 2006, sales are expected to range from $7.3 billion to $7.5 billion, with net income ranging from $49 to $56 million or $0.29 to $0.33 per diluted share based on 170 million weighted average shares outstanding and an effective tax rate of 28 percent.
Net income estimates include pre-tax expenses of approximately $8.0 million ($0.03 per diluted share) for the effect of non-cash stock-based compensation, as well as approximately $5.0 million ($0.02 per diluted share) for incremental investments in information technology capabilities. These expenses were not included in the results for the year-ago quarter.
"The quarter is proceeding in line with our expectations," said Gregory M. Spierkel, chief executive officer, Ingram Micro Inc. "Demand remains stable, within historical seasonal norms, and our growth and differentiation initiatives continue to gain traction and contribute to results."
The company is scheduled to participate in the following investor events:
* Wednesday, September 6, 2006
Citigroup 13th Annual Global Technology Conference
Hilton New York Hotel -- New York
Investor meetings, but no formal presentation
* Wednesday, September 20, 2006
Bank of America 36th Annual Investment Conference
The Ritz-Carlton -- San Francisco, California
1:30 p.m. PT (4:30 p.m. ET)
Presenter: William D. Humes, executive vice president and worldwide
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 events.
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 broadline IT distributor with operations in Asia. Visit www.ingrammicro.com.
(C) 2006 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.
08/31/2006
CONTACT: Media, Jim Trainor, +1-714-382-2378,
jim.trainor@ingrammicro.com, or Chris Kelly, +1-714-382-3355,
chris.kelly@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)