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Sep 28, 2024
Ingram Micro Holding Corporation Q3 2024 Earnings Report
Reported third quarter results with net sales of $11.8 billion, net income of $77.0 million, and non-GAAP net income of $159.2 million.
Key Takeaways
Ingram Micro reported a slight decrease in net sales compared to the prior year, but demonstrated an increase in gross margin and income from operations. The company's focus on higher-margin cloud-based solutions and optimization of operating expenses contributed to the improved profitability.
Net sales totaled $11.8 billion, a 1.4% decrease year-over-year, impacted by lower sales in North America and Latin America, offset by growth in Asia-Pacific.
Gross margin increased by 2 basis points year-over-year, driven by a shift in sales mix towards higher-margin cloud-based solutions and Other services net sales.
Income from operations increased to $218.2 million, up from $212.4 million in the prior year.
Non-GAAP diluted EPS increased to $0.72, compared to $0.67 in the prior fiscal third quarter.
Ingram Micro Holding Corporation
Ingram Micro Holding Corporation
Ingram Micro Holding Corporation Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia-Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com Forward Guidance
The company provided an outlook for fiscal fourth quarter 2024, anticipating net sales between $13.0 billion and $13.5 billion, gross profit between $935 million and $985 million, and non-GAAP diluted EPS between $0.85 and $0.98.
Revenue & Expenses
Visualization of income flow from segment revenue to net income