Ingram Micro Reaffirms Third-Quarter Guidance in Advance of Investor Conferences

Press Releases

SANTA ANA, Calif., Aug. 23 /PRNewswire-FirstCall/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor, today reaffirmed guidance for the third quarter of 2007, which ends Sept. 29, 2007.

As originally reported on July 26, 2007, sales are expected to range from $8.3 billion to $8.5 billion, with net income ranging from $67 million to $71 million or $0.38 to $0.40 per diluted share based on 178 million weighted average shares outstanding and an effective tax rate of 27 percent.

"The third quarter is progressing as we expected," said Gregory M. Spierkel, chief executive officer, Ingram Micro Inc. "Demand is generally solid worldwide. Sales are expected to reach another quarterly record, with 11 to 13 percent growth versus the year-ago quarter, while our net income guidance reflects good operating leverage and success in execution."

The company's reaffirmation of guidance is in advance of the following investor events:

Thursday, September 6, 2007 Citigroup 14th Annual Global Technology Conference Hilton New York Hotel - New York 11:00 a.m. ET Presenter: William D. Humes, executive vice president and CFO
Tuesday, September 18, 2007 Bank of America 37th Annual Investment Conference Ritz Carlton Hotel - San Francisco, CA 1:30 p.m. PT (4:30 p.m. ET) Presenter: Gregory M. Spierkel, CEO

To access the live audio webcasts of the presentations, visit the Investor Relations page of http://www.ingrammicro.com. The archived versions 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 more than 150 countries and is the only global broadline IT distributor with operations in Asia. Visit http://www.ingrammicro.com.

SOURCE Ingram Micro Inc.
CONTACT: Media, Rekha Parthasarathy, +1-714-382-1319, rekha@ingrammicro.com, or Investors, Ria Marie Carlson, +1-714-382-4400, ria.carlson@ingrammicro.com, both of Ingram Micro Inc.

Web site: http://www.ingrammicro.com