Fiscal Fourth Quarter 2025
-- Fourth quarter net sales of $14.9 billion -- above high end of guidance
range -- up 11.5% from the prior-year period in U.S. dollars, and up 9.1%
from the prior-year period on an FX neutral basis.
-- Q4 operating expenses of $656.7 million, or 4.41% of net sales, a
74-basis point improvement versus prior year.
-- Fourth quarter diluted earnings per share of $0.51 and non-GAAP diluted
earnings per share of $0.96, above high end of guidance range.
-- Fourth quarter cash provided by operations of $1.56 billion and
adjusted free cash flow(1) of $1.63 billion, the highest quarterly level
in over a decade.
-- Authorized share repurchase plan of up to $100 million.
-- Voluntarily repaid an incremental $200 million of our Term Loan Credit
Facility in February 2026.
Fiscal Year 2025
-- Net sales for fiscal year 2025 were $52.6 billion dollars representing
an increase of 9.5%, and up 9.0% on an FX neutral basis, versus 2024.
-- Year-over-year increases in net sales across all four geographic
segments, with solid double-digit year-over-year growth in the Asia
Pacific region throughout 2025.
-- Fiscal year operating expenses of $2.63 billion dollars, or 5.00% of
net sales, representing a 47 basis point improvement in operating expense
leverage compared to 2024.
-- Net income up 24.1% and Non-GAAP net income(1) up 8.6% over prior
year.
-- Fiscal year diluted earnings per share was $1.39, compared to $1.18 in
the prior fiscal year. Non-GAAP diluted earnings per share was $2.90, up
from $2.79 in the prior fiscal year.
Fiscal First Quarter 2026 Outlook
-- Net sales for Q1 2026 of $12.45 billion to $12.80 billion, with
improving gross margin and continued operating expense leverage yielding
Non-GAAP earnings per share of $0.67 to $0.75 -- a year-over-year
increase of 10% to 23%.
IRVINE, Calif.--(BUSINESS WIRE)--March 02, 2026--
Ingram Micro Holding Corporation (NYSE: INGM) ("Ingram Micro" or the "Company"), a leading technology company for the global information technology ecosystem, today reported fiscal fourth quarter and fiscal year-end results for the period ended December 27, 2025. The Company reported fourth quarter net sales of $14.9 billion, up 11.5% year over year, and net income on a GAAP basis of $121.4 million or $0.51 per share, up 46.1% and 41.7% year over year, respectively. Non-GAAP net income of $226.7 million or $0.96 per share, was above the high end of the Company's guidance and up 6.4% and 4.3% versus the same period in 2024.(1).
"Ingram Micro delivered a strong fourth quarter and full year, and we enter 2026 with confidence. We exceeded the high end of our net sales and EPS guidance and saw growth across all of our regions," said Paul Bay, Ingram Micro's Chief Executive Officer. "Our Xvantage platform continues to build momentum, with the majority of our net sales now flowing through the platform. In an increasingly complex market, Xvantage's AI--driven capabilities are improving productivity and enabling richer, higher--value opportunities for our customers. As we advance to the next phase of Xvantage value creation, and scale our Enable AI program, we are well positioned to drive durable, profitable growth."
"We continued to execute with discipline in 2025, delivering strong sales growth in Advanced Solutions, Cloud and Client and Endpoint Solutions, coupled with solid operating leverage and sustained efficiency gains from our Xvantage platform," said Mike Zilis, Ingram Micro's Chief Financial Officer. "We delivered adjusted free cash flow of $1.6 billion in the quarter -- the highest quarterly level in more than a decade. Our team executed well and we continue to optimize, positioning us to capitalize on a curve of upward profitability as we see higher-margin growth opportunities going forward."
Consolidated Fiscal Fourth Quarter 2025 Results(1)
Thirteen Weeks Ended Thirteen Weeks Ended
December 27, 2025 December 28, 2024
----------------------- -----------------------
($ in thousands,
except per share % of Net % of Net 2025 vs.
data) Amount Sales Amount Sales 2024
----------- ---------- ----------- ---------- ----------
Net sales $14,877,709 $13,344,670 $1,533,039
Gross profit 966,403 6.50% 936,085 7.01% 30,318
Income from
operations 309,735 2.08% 248,500 1.86% 61,235
Net income 121,410 0.82% 83,116 0.62% 38,294
Adjusted Income
from Operations 350,012 2.35% 305,237 2.29% 44,775
Adjusted EBITDA 430,871 2.90% 418,061 3.13% 12,810
Non-GAAP Net
Income 226,676 1.52% 213,097 1.60% 13,579
EPS:
Basic $ 0.52 $ 0.36
Diluted $ 0.51 $ 0.36
Non-GAAP EPS:
Basic $ 0.96 $ 0.92
Diluted $ 0.96 $ 0.92
Consolidated Fiscal Fourth Quarter 2025 Financial Highlights
-- Net sales totaled $14.9 billion, compared to $13.3 billion in the prior
fiscal fourth quarter, representing an increase of 11.5%. The
year-over-year increase was a result of higher net sales across each of
our geographic segments. The translation impact of foreign currencies
relative to the U.S. dollar had a positive impact of 2.4% on the
year-over-year net sales comparison.
-- Gross profit was $966.4 million, compared to $936.1 million in the
prior fiscal fourth quarter.
-- Gross margin was 6.50%, compared to 7.01% in the prior fiscal fourth
quarter. The year-over-year decrease in gross margin was driven by a
continued heavy sales mix in our lower-margin client and endpoint
solutions, as well as mix towards the lower-margin, lower cost-to-serve
Asia Pacific region, large enterprise customers and significant
project-based business in AI-enablement product sets. Fourth quarter 2025
gross margins are also impacted by the sale of our CloudBlue business in
the third quarter of 2025, which was still a part of our cloud-based
solutions gross margins in the prior year period.
-- Income from operations was $309.7 million, up from $248.5 million in
the prior fiscal fourth quarter. Adjusted income from operations was
$350.0 million, up from $305.2 million in the prior fiscal fourth
quarter.
-- Income from operations margin increased from 1.86% in the prior fiscal
fourth quarter to 2.08% in the fourth quarter of 2025. Adjusted income
from operations margin was 2.35% compared to 2.29% in the prior fiscal
fourth quarter. This year-over-year increase was primarily due to
improved leverage on operating expenses across net sales growth, as well
as a positive recovery via insurance proceeds that we expect to receive
related to a previously disclosed matter, which helped to offset
professional fees, reserves and temporary loss of business associated
with the matter throughout the year.
-- Adjusted EBITDA grew to $430.9 million, compared to $418.1 million in
the prior fiscal fourth quarter.
-- Diluted EPS was $0.51, compared to $0.36 in the prior fiscal fourth
quarter. Non-GAAP diluted EPS was $0.96, compared to $0.92 in the prior
fiscal fourth quarter.
-- Cash provided by operations was $1,560.6 million, compared to $310.0
million provided by operations in the prior fiscal fourth quarter, and
adjusted free cash flow was $1,630.4 million, compared to $337.2 million
in the prior fiscal fourth quarter.
Regional Fiscal Fourth Quarter 2025 Financial Highlights
North America
Net sales were $5.1 billion, compared to $4.7 billion in the prior fiscal fourth quarter. The year-over-year increase in North American net sales was driven by strength in advanced solutions offerings driven by storage and server, and particularly lower margin, lower-cost-to-serve AI-enablement projects, as well as client and endpoint solutions net sales, driven by PCs. These factors were partially offset by declines in Other services and in cloud net sales, the latter of which was impacted by our CloudBlue divestiture discussed above.
Income from operations was $50.6 million, compared to $115.2 million in the prior fiscal fourth quarter. The year-over-year decrease was driven by lower gross profit realization, largely due to previously described mix factors, as well as an increase in SG&A expenses including software-related costs, bad debt expense and professional and outside services costs, and true-ups in expense related to annual variable compensation programs as a result of stronger global profit and free cash flow generation in the fourth quarter.
Income from operations margin was 0.99%, compared to 2.47% in the prior fiscal fourth quarter, driven primarily by the decline in gross margins resulting from the shift towards lower margin, lower cost-to-serve AI-enablement projects, as well as the increase in SG&A expenses, both described above.
EMEA
Net sales were $4.6 billion, compared to $4.1 billion in the prior fiscal fourth quarter. The year-over-year increase in EMEA net sales was driven by growth across all lines of business, particularly client and endpoint solutions driven by PCs, as well as advanced solutions offerings driven by networking, server and storage.
Income from operations was $115.4 million, compared to $90.9 million in the prior fiscal fourth quarter. The year-over-year increase was driven by an increase in gross profit across all product categories, as well as a reduction in SG&A expenses.
Income from operations margin was 2.49%, compared to 2.23% in the prior fiscal fourth quarter. The year-over-year increase in income from operations margin was primarily due to favorable gross margins as well as a reduction in SG&A expenses as a percentage of net sales including a 5 basis point reduction in restructuring costs and a 5 basis point reduction in compensation and headcount expenses.
Asia-Pacific
Net sales were $4.1 billion, compared to $3.6 billion in the prior fiscal fourth quarter. The increase in Asia-Pacific net sales was driven by net sales of client and endpoint solutions, led by growth in mobility and components, as well as modest growth in cloud-based solutions, partially offset by modest declines in advanced solutions offerings and Other services net sales.
Income from operations was $114.6 million, compared to $53.5 million in the prior fiscal fourth quarter. The region benefited from a non-recurring loss recovery related to the previously noted insurance proceeds that we expect to receive, which helped to offset the specific costs and temporary loss of business impacts associated with the matter.
Income from operations margin was 2.82%, compared to 1.49% in the prior fiscal fourth quarter.
Latin America
Net sales were $1.1 billion, compared to $1.0 billion in the prior fiscal fourth quarter. The increase in Latin American net sales was primarily driven by growth in client and endpoint solutions net sales, led by PCs, partially offset by modest declines in advanced solutions offerings, cloud-based solutions and Other services.
Income from operations was $44.1 million, compared to $44.1 million in the prior fiscal fourth quarter. Higher gross profit was offset by an increase in SG&A expenses.
Income from operations margin was 4.08%, compared to 4.35% in the prior fiscal fourth quarter. The year-over-year decrease in income from operations margins was a result of higher SG&A expenses as a percentage of net sales, most notably bad debt expense as the prior fiscal fourth quarter was positively impacted by the reversal of a reserve related to a single project when the delinquent receivables were collected.
Consolidated Fiscal 2025 Results(1)
Fiscal Year Ended Fiscal Year Ended
December 27, 2025 December 28, 2024
----------------------- -----------------------
($ in thousands,
except per share % of Net % of Net 2025 vs.
data) Amount Sales Amount Sales 2024
----------- ---------- ----------- ---------- ----------
Net sales $52,556,263 $47,983,671 $4,572,592
Gross profit 3,503,971 6.67% 3,444,945 7.18% 59,026
Income from
operations 876,928 1.67% 817,923 1.70% 59,005
Net income 327,882 0.62% 264,222 0.55% 63,660
Adjusted Income
from Operations 1,037,986 1.97% 999,661 2.08% 38,325
Adjusted EBITDA 1,357,829 2.58% 1,318,634 2.75% 39,195
Non-GAAP Net
Income 681,935 1.30% 627,886 1.31% 54,049
EPS:
Basic $ 1.40 $ 1.18
Diluted $ 1.39 $ 1.18
Non-GAAP EPS:
Basic $ 2.90 $ 2.79
Diluted $ 2.90 $ 2.79
Consolidated Fiscal 2025 Financial Highlights
-- Net sales totaled $52.6 billion, representing an increase of 9.5% from
the prior fiscal year. The growth was driven by year-over-year increases
in net sales across each of our geographic segments. The translation
impact of foreign currencies relative to the U.S. dollar had an
approximate 0.5% positive impact on this year-over-year comparison.
-- Gross profit was $3,504.0 million, compared to $3,444.9 million in the
prior fiscal year.
-- Gross margin was 6.67%, compared to 7.18% in the prior fiscal year. The
year-over-year decrease in gross margin was driven by generally stronger
volumes in our lower-margin client and endpoint solutions net sales as
well as an overall mix shift towards large enterprise customers, servers
and AI-enablement products, and geographic mix towards our Asia-Pacific
region, each of which are lower-margin and lower cost-to-serve.
-- Income from operations was $876.9 million, up from $817.9 million in
the prior fiscal year. Adjusted income from operations was $1,038.0
million, compared to $999.7 million in the prior fiscal year.
-- Income from operations margin was 1.67%, compared to 1.70% in the prior
fiscal year. Adjusted income from operations margin was 1.97%, compared
to 2.08% in the prior fiscal year. This year-over-year decrease was
primarily due to mix shift impacts on gross margins noted above,
partially offset by improved leverage on operating expenses across the
increase in net sales. Included in the results for fiscal 2025 is the
impact of a one-time loss of $48,728, or 9 basis points, related to the
sale of our CloudBlue operations and other non-core operations in our
North America region.
-- Adjusted EBITDA was $1,357.8 million, compared to $1,318.6 million in
the prior year.
-- Diluted EPS was $1.39, compared to $1.18 in the prior fiscal year.
Non-GAAP diluted EPS was $2.90, up from $2.79 in the prior fiscal year.
-- Cash provided by operations was $916.1 million, compared to $333.8
million in the prior fiscal year, and adjusted free cash flow was
$1,098.6 million, compared to $443.3 million in the prior fiscal year,
reflecting significant reductions in investment in net working capital to
close out the year.
Regional Fiscal 2025 Financial Highlights
North America
Net sales were $18.9 billion, compared to $17.4 billion in the prior fiscal year. The year-over-year increase in North American net sales was the result of growth in client and endpoint solutions driven by PCs and growth in advanced solutions offerings driven by server and storage, including AI-enablement technologies, partially offset by declines in Other services and cloud-based solutions net sales.
Income from operations was $247.0 million, compared to $322.2 million in the prior fiscal year.
Income from operations margin was 1.30%, compared to 1.85% in the prior fiscal year. The year-over-year decrease in income from operations margin was primarily due to the gross margin impact of the shift in sales mix as described above. The region's income from operations margin also reflects the impact of $48,728, or 26 basis points of net sales, relating to the loss on sale of our CloudBlue operations and other non-core operations in our North America region in fiscal 2025. These factors are partially offset by continued optimization of our operating expenses, as a result of restructuring actions taken in the prior year.
EMEA
Net sales were $15.2 billion, an increase of 6.6% compared to the prior fiscal year. The year-over-year increase in EMEA net sales was primarily a result of growth in client and endpoint solutions net sales driven primarily by PCs. Other services, advanced solutions offerings, and cloud-based solutions also increased compared to the prior fiscal year. The translation impact of foreign currencies relative to the U.S. dollar had a positive impact of 4% on the year-over-year comparison of the region's net sales.
Income from operations was $290.3 million, compared to $259.4 million in the prior fiscal year.
Income from operations margin was 1.91%, compared to 1.82% in the prior fiscal year. The year-over-year increase is driven by reductions in SG&A expense as a percentage of net sales, most notably restructuring costs, which decreased by 8 basis points year-over-year. These factors more than offset a decrease in gross margin due to the shift in sales mix factors described above as well as some write-offs related to inventory.
Asia-Pacific
Net sales were $14.7 billion, compared to $12.8 billion in the prior fiscal year. The increase in Asia-Pacific net sales was driven by growth in client and endpoint solutions net sales, driven by mobility distribution, components, tablets, and PCs. Advanced solutions offerings also grew, driven by networking, server, and AI-enablement technologies, as well as cloud-based solutions. These results were partially offset by declines in Other services net sales. The translation impact of foreign currencies relative to the U.S. dollar had a negative impact of 2% on the year-over-year net sales comparison.
Income from operations was $272.2 million, compared to $223.4 million in the prior fiscal year.
Income from operations margin was 1.85% compared to 1.75% in the prior fiscal year. The year-over-year increase in income from operations margin was primarily as result of a reduction in SG&A expense as a percentage of net sales. While the region benefited from a non-recurring loss recovery that we expect to receive related to the previously noted insurance recovery, this was largely offset by the specific costs and temporary loss of business impacts associated with the matter during the year. The region also saw a 15 basis point decrease in compensation and headcount expenses primarily due to improved leverage of operating expenses across increased net sales. These factors more than offset a decrease in gross margin due to the geographic and sales mix factors described above.
Latin America
Net sales were $3.7 billion, compared to $3.6 billion in the prior fiscal year. The increase in Latin American net sales was primarily driven by growth in client and endpoint solutions driven by mobility distribution, notebooks, and tablets. This was partially offset by a decline in advanced solutions offerings, as well as modest declines in Other services and cloud-based solutions net sales. The translation impact of foreign currencies relative to the U.S. dollar had a negative impact of 2% on the year-over-year comparison of the region's net sales.
Income from operations was $123.2 million, compared to $119.6 million in the prior fiscal year.
Income from operations margin was 3.32% compared to 3.33% in the prior fiscal year. This year-over-year comparison is impacted by an increase in SG&A expense as a percentage of net sales. Most notably, bad debt expense increased by 26 basis points, as fiscal year 2024 was positively impacted by the reversal of a reserve related to a single project, as the delinquent receivables were collected. These factors were essentially offset by an increase in gross margin due to higher achievement on advanced solutions net sales as well as the favorable impact of a decline in inventory write-offs in fiscal year 2025.
Fiscal First Quarter 2026 Outlook
The following outlook is forward-looking, based on the Company's current expectations for the fiscal first quarter of 2026, and actual results may differ materially from what is indicated. We provide EPS guidance on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate and dependent on future events outside of our control.(1)
Thirteen Weeks Ended March 28, 2026
-----------------------------------------
($ in millions, except per share
data) Low High
-------------------- -------------------
Net sales $ 12,450 $ 12,800
Gross profit $ 840 $ 895
Non-GAAP Diluted EPS $ 0.67 $ 0.75
Our guidance assumes an effective tax rate of approximately 27% on a non-GAAP basis, and 236.0 million diluted shares outstanding.
Dividend Payment
The Company's board of directors has declared a cash dividend of $0.082 per share of the Company's common stock. The dividend is payable on March 24, 2026, to stockholders of record as of March 10, 2026.
Fiscal Fourth Quarter 2025 Earnings Call Details:
Ingram Micro's management will host a call to discuss its results on March 2, 2026, at 2:00 p.m. Pacific time (5:00 p.m. Eastern time).
A live webcast of the conference call will be accessible from the Ingram Micro investor relations website at https://ir.ingrammicro.com. The call can also be accessed at 201-689-8796 and 877-407-9781.
A telephonic replay will be available through Monday, March 23, 2026, at 877-660-6853 or 201-612-7415, access code 13758912. A replay of the webcast will also be available at https://ir.ingrammicro.com.
About Ingram Micro
Ingram Micro (NYSE: INGM) is a leading technology company for the global information technology ecosystem. With the ability to reach nearly 90% of the global population, we play a vital role in the worldwide IT sales channel, bringing products and services from technology manufacturers and cloud providers to a highly diversified base of business-to-business technology experts. Through Ingram Micro Xvantage$(TM)$, our AI-powered digital platform, we offer what we believe to be the industry's first comprehensive business-to-consumer-like experience, integrating hardware and cloud subscriptions, personalized recommendations, instant pricing, order tracking, and billing automation. We also provide a broad range of technology services, including financing, specialized marketing, and lifecycle management, as well as technical pre- and post-sales professional support. Learn more at www.ingrammicro.com.
(1) Use of Non-GAAP Financial Measures
In addition to presenting financial results that have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), we have included in this release some or all of the following non-GAAP financial measures--adjusted income from operations, EBITDA, adjusted EBITDA, return on invested capital ("ROIC"), adjusted ROIC, non-GAAP net income, adjusted free cash flow, and non-GAAP EPS--which are financial measures that are not required by, or presented in accordance with GAAP. We believe that these non-GAAP financial measures are useful in evaluating our business and the underlying trends that are affecting our performance. These non-GAAP measures are primary indicators that our management uses internally to conduct and measure its business and evaluate the performance of its consolidated operations, ongoing results, and trends. Our management believes these non-GAAP financial measures are useful as they provide meaningful comparisons to prior periods and an alternate view of the impact of acquired businesses. These non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting our business. A material limitation associated with these non-GAAP measures as compared to the GAAP measures is that they may not be comparable to other companies with similarly titled items that present related measures differently. The non-GAAP measures should be considered as a supplement to, and not as a substitute for or superior to, the corresponding measures calculated in accordance with GAAP. See "Schedule A: Reconciliation of Non-GAAP Financial Measures" in the "Supplemental Information" section further below for reconciliations of non-GAAP financial measures to the most directly comparable financial measure stated in accordance with GAAP.
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements because they contain words such as "believes, " "expects," "may," "will," "should," "seeks," "intends," "plans," "estimates," or "anticipates," or similar expressions which concern our strategy, plans, projections or intentions, but such words are not exclusive means of identifying forward-looking statements in this release. These forward-looking statements are included throughout this release and relate to matters such as our industry, growth strategy, goals and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, and other financial and operating information. By their nature, forward-looking statements: speak only as of the date they are made; are not statements of historical fact or guarantees of future performance; and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs, and projections will result or be achieved, and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Certain important factors that involve risks and uncertainties and that could cause actual results to differ, possibly materially, from our expectations, beliefs, and projections reflected in such forward-looking statements can be found in the "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" sections included in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
There are a number of risks, uncertainties, and other important factors that could cause our actual results to differ materially from the forward-looking statements contained in this release. Such risks, uncertainties, and other important factors include, among others, the risks, uncertainties, and factors included within the filings we make with the SEC from time to time and the following: general economic conditions; our estimates of the size of the markets for our products and services; our ability to identify and integrate acquisitions and technologies into our platform; our plans to continue to expand; our ability to continue to successfully develop and deploy Ingram Micro Xvantage(TM); our ability to retain and recruit key personnel; the competition our products and services face and our ability to adapt to industry changes and market conditions, including inflation, market volatility, and supply constraints for many categories of technology; current and potential litigation involving us; the global nature of our business, including the various laws and regulations applicable to us now or in the future; the effect of various political, geopolitical, and macroeconomic issues and developments, including changes in tariffs or global trade policies and the related uncertainties associated with such developments, import/export and licensing restrictions, and our ability to comply with laws and regulations we are subject to, both in the United States and internationally; our financing efforts; our relationships with
our customers, original equipment manufacturers, and suppliers; our ability to maintain and protect our intellectual property; the performance and security of our services, including information processing and cybersecurity provided by third parties; our ownership structure; our dependence upon Ingram Micro Inc. and its controlled subsidiaries for our results of operations, cash flows, and distributions; and our status as a "controlled company" and the extent to which the interests of Platinum Equity, LLC together with its affiliated investment vehicles ("Platinum") conflict with our interests or the interests of our stockholders.
Ingram Micro, Xvantage, and associated logos are trademarks of Ingram Micro Inc. (an indirect subsidiary of Ingram Micro Holding Corporation) or its licensors.
Results of Operations
INGRAM MICRO HOLDING CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except par value and share data)
December 27, 2025 December 28, 2024
------------------- ---------------------
ASSETS
Current assets:
Cash and cash
equivalents $ 1,864,724 $ 918,401
Trade accounts
receivable (less
allowances of
$169,165 and
$146,999,
respectively) 10,546,550 9,448,354
Inventory 4,970,113 4,699,483
Other current assets 859,252 734,939
-------------- --------------
Total current
assets 18,240,639 15,801,177
Property and equipment,
net 531,896 482,503
Operating lease
right-of-use assets 403,224 412,662
Goodwill 854,749 833,662
Intangible assets, net 711,809 772,571
Other assets 502,067 477,115
-------------- --------------
Total assets $ 21,244,384 $ 18,779,690
============== ==============
LIABILITIES AND STOCKHOLDERS'
EQUITY
Current liabilities:
Accounts payable $ 11,963,324 $ 10,005,824
Accrued expenses and
other 1,163,587 1,021,958
Short-term debt and
current maturities
of long-term debt 449,583 184,860
Short-term operating
lease liabilities 104,468 93,889
-------------- --------------
Total current
liabilities 13,680,962 11,306,531
Long-term debt, less
current maturities 2,749,781 3,168,280
Long-term operating lease
liabilities, net of
current portion 354,894 369,493
Other liabilities 210,329 201,511
-------------- --------------
Total liabilities 16,995,966 15,045,815
-------------- --------------
Commitments and
contingencies
Stockholders' equity:
Common Stock, par
value $0.01,
2,000,000,000 shares
authorized at
December 27, 2025
and December 28,
2024, and
235,073,327 and
234,825,581 shares
issued and
outstanding at
December 27, 2025
and December 28,
2024, respectively 2,351 2,348
Additional paid-in
capital 2,921,952 2,903,842
Retained earnings 1,587,330 1,337,399
Accumulated other
comprehensive loss (263,215) (509,714)
-------------- --------------
Total
stockholders'
equity 4,248,418 3,733,875
-------------- --------------
Total liabilities
and stockholders'
equity $ 21,244,384 $ 18,779,690
============== ==============
INGRAM MICRO HOLDING CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Amounts in thousands, except per share data)
Thirteen Weeks Ended
(Unaudited) Fiscal Year Fiscal Year
-------------------------- ------------ --------------
December 27, December 28,
2025 2024 2025 2024
------------ ------------ ---------- ----------
Net sales $14,877,709 $13,344,670 $52,556,263 $47,983,671
Cost of sales 13,911,306 12,408,585 49,052,292 44,538,726
---------- ---------- ---------- ----------
Gross profit 966,403 936,085 3,503,971 3,444,945
---------- ---------- ---------- ----------
Operating
expenses:
Selling,
general and
administrative 646,729 671,249 2,611,611 2,588,668
Restructuring
costs 9,939 16,336 15,432 38,354
---------- ---------- ---------- ----------
Total operating
expenses 656,668 687,585 2,627,043 2,627,022
---------- ---------- ---------- ----------
Income from
operations 309,735 248,500 876,928 817,923
---------- ---------- ---------- ----------
Other (income)
expense:
Interest income (8,938) (13,179) (45,731) (45,335)
Interest
expense 73,077 80,568 302,570 338,358
Net foreign
currency
exchange loss
(gain) 8,221 (7,037) 42,342 22,901
Other expense 17,438 21,349 46,993 56,133
---------- ---------- ---------- ----------
Total other
(income)
expense 89,798 81,701 346,174 372,057
---------- ---------- ---------- ----------
Income before
income taxes 219,937 166,799 530,754 445,866
Provision for
income taxes 98,527 83,683 202,872 181,644
---------- ---------- ---------- ----------
Net income $ 121,410 $ 83,116 $ 327,882 $ 264,222
========== ========== ========== ==========
Basic earnings
per share $ 0.52 $ 0.36 $ 1.40 $ 1.18
========== ========== ========== ==========
Diluted
earnings per
share $ 0.51 $ 0.36 $ 1.39 $ 1.18
========== ========== ========== ==========
INGRAM MICRO HOLDING CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
Thirteen Weeks Ended
(Unaudited) Fiscal Year Fiscal Year
------------------------ ------------ --------------
December 27, December
2025 28, 2024 2025 2024
------------ ---------- ---------- ----------
Cash flows from
operating activities:
Net income $ 121,410 $ 83,116 $ 327,882 $ 264,222
Adjustments to
reconcile net income
to cash provided by
operating
activities:
Depreciation and
amortization 51,173 48,429 197,186 189,331
Stock based
compensation 6,010 34,067 21,117 34,067
Gain on
marketable
securities,
net (3,200) (1,087) (11,713) (12,233)
Noncash charges
for interest
and bond
discount
amortization 4,762 4,767 18,852 26,374
Amortization of
lease
right-of-use
asset 36,500 32,155 129,031 128,935
Deferred income
taxes (10,085) 21,509 (28,067) (14,984)
(Gain) loss on
foreign
exchange (5,195) 4,976 35,568 (130)
Loss on sale of
subsidiaries -- -- 38,248 --
Other 5,510 141 2,357 763
Changes in
operating assets
and liabilities,
net of effects
of
acquisitions:
Trade
accounts
receivable (1,393,868) (951,052) (1,105,968) (1,060,810)
Inventory 425,106 60,939 (88,216) (225,831)
Other assets (37,119) 66,765 (167,313) (18,917)
Accounts
payable 2,228,983 730,989 1,709,170 976,171
Change in
book
overdrafts 45,289 97,542 (127,264) 134,652
Operating
lease
liabilities (41,723) (24,420) (115,299) (118,975)
Accrued
expenses
and other 127,002 101,125 80,556 31,204
---------- -------- ---------- ----------
Cash provided by
operating
activities 1,560,555 309,961 916,127 333,839
---------- -------- ---------- ----------
Cash flows from
investing activities:
Capital expenditures (36,825) (36,060) (130,754) (142,703)
Proceeds from
deferred purchase
price of factored
receivables 106,699 63,322 313,206 252,199
Sale of marketable
securities, net 14 14 12,482 955
Issuance of notes
receivable -- (8,425) (12,501) (57,117)
Proceeds from note
receivables 13,440 8,826 44,612 38,291
Proceeds from sale
of subsidiaries 2,500 -- 20,000 --
Proceeds from sale
of equity
investments -- -- 20,805 12,012
Other (1,043) 856 (208) 1,904
---------- -------- ---------- ----------
Cash provided by
investing
activities 84,785 28,533 267,642 105,541
---------- -------- ---------- ----------
Cash flows from
financing activities:
Dividends paid to
shareholders (19,230) -- (78,376) (6,174)
Change in unremitted
cash collections
from servicing
factored
receivables 4,061 4,297 1,592 (11,315)
Proceeds from
issuance of common
stock in initial
public offering,
net of underwriting
discounts -- 241,164 -- 241,164
Repayment of term
loans -- (233,100) (125,000) (483,100)
Gross proceeds from
other debt 40,298 12,647 107,014 101,779
Gross repayments of
other debt (10,154) (13,329) (89,851) (118,331)
Net repayments of
revolving and other
credit facilities (630,255) (229,615) (101,758) (66,998)
Repurchase of common
stock for tax
withholdings on
equity awards (2,961) (14,164) (3,093) (14,164)
Purchase of Colsof
shares -- (775) -- (22,621)
Other (3,613) -- (16,750) (11,539)
---------- -------- ---------- ----------
Cash used in
financing
activities (621,854) (232,875) (306,222) (391,299)
---------- -------- ---------- ----------
Effect of exchange rate
changes on cash and
cash equivalents 38,608 (36,690) 68,776 (78,170)
---------- -------- ---------- ----------
Increase (decrease) in
cash and cash
equivalents 1,062,094 68,929 946,323 (30,089)
Cash and cash
equivalents, beginning
of year 802,630 849,472 918,401 948,490
---------- -------- ---------- ----------
Cash and cash
equivalents, end of
year $ 1,864,724 $ 918,401 $ 1,864,724 $ 918,401
========== ======== ========== ==========
Supplemental Information
SCHEDULE A: RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited)
In addition to its reported results calculated in accordance with U.S. GAAP, the Company has included in this release adjusted income from operations, adjusted EBITDA, return on invested capital ("ROIC"), adjusted ROIC, non-GAAP net income, adjusted free cash flow, and non-GAAP EPS, which are defined as follows:
-- Adjusted Income from Operations means income from operations plus (i)
amortization of intangibles, (ii) restructuring costs incurred primarily
related to employee termination benefits in connection with actions to
align our cost structure in certain markets, (iii) integration and
transition costs, and (iv) the advisory fees paid to Platinum Equity
Advisors, LLC ("Platinum Advisors"), an entity affiliated with Platinum,
under a corporate advisory services agreement (which has been terminated
as a result of our initial public offering ("IPO")) (such terminated
agreement, the "CASA").
-- We define adjusted EBITDA as EBITDA (calculated as net income before
net interest expense, income taxes, depreciation and amortization
expenses) adjusted to give effect to (i) restructuring costs incurred
primarily related to employee termination benefits in connection with
actions to align our cost structure in certain markets, (ii) net realized
and unrealized foreign currency exchange gains and losses including net
gains and losses on derivative instruments not receiving hedge accounting
treatment, (iii) costs of integration, transition, and operational
improvement initiatives, as well as consulting, retention and transition
costs associated with our organizational effectiveness programs charged
to selling, general and administrative expenses, (iv) the advisory fees
paid to Platinum Advisors under the CASA, (v) cash-based compensation
expense associated with our cash-based long-term incentive program for
certain employees in lieu of equity-based compensation prior to the IPO,
(vi) stock-based compensation expense for restricted stock units issued
in connection with our IPO, and (vii) certain other items as defined in
our credit agreements.
-- ROIC is defined as net income divided by the invested capital for the
period. Invested capital is equal to stockholders' equity plus long-term
debt plus short-term debt and the current maturities of long-term debt
less cash and cash equivalents at the end of each period.
-- Adjusted ROIC is defined as adjusted net income divided by the invested
capital for the period. Adjusted net income for a particular period is
defined as net income plus (i) other income/expense, (ii) amortization of
intangibles, (iii) restructuring costs incurred primarily related to
employee termination benefits in connection with actions to align our
cost structure in certain markets, (iv) integration and transition costs,
(v) the advisory fees paid to Platinum Advisors under the CASA, plus (vi)
the GAAP tax provisions for and/or valuation allowances on items (i),
(ii), (iii), (iv) and (v), plus (vii) the GAAP tax provisions for and/or
valuation allowances on large non-recurring or discrete items.
-- We define non-GAAP net income as net income adjusted to give effect to
(i) amortization of intangibles, (ii) restructuring costs incurred
primarily related to employee termination benefits in connection with
actions to align our cost structure in certain markets, (iii) net
realized and unrealized foreign currency exchange gains and losses
including net gains and losses on derivative instruments not receiving
hedge accounting treatment, (iv) costs of integration, transition, and
operational improvement initiatives, as well as consulting, retention and
transition costs associated with our organizational effectiveness
programs charged to selling, general and administrative expenses, (v) the
advisory fees paid to Platinum Advisors under the CASA, (vi) cash-based
compensation expense associated with our cash-based long-term incentive
program for certain employees in lieu of equity-based compensation prior
to our IPO, (vii) stock-based compensation expense for restricted stock
units issued in connection with our IPO, (viii) certain other items as
defined in our credit agreements, (ix) the GAAP tax provisions for and/or
valuation allowances on items (i), (ii), (iii), (iv), (v), (vi), (vii),
and (viii), and (x) the GAAP tax provisions for and/or valuation
allowances on large non-recurring or discrete items. This metric differs
from adjusted net income, which is a component of adjusted ROIC as
described above.
-- We define adjusted free cash flow as net income adjusted to give effect
to (i) depreciation and amortization, (ii) other non-cash items and
changes to non-working capital assets/liabilities, (iii) changes in
working capital, (iv) proceeds from the deferred purchase price of
factored receivables, and (v) capital expenditures.
-- We define non-GAAP basic EPS as non-GAAP net income divided by the
weighted-average shares outstanding during the period presented. Non-GAAP
diluted EPS is calculated by dividing non-GAAP net income by the
weighted-average shares outstanding during the period presented,
inclusive of the dilutive effect of participating securities.
The following is a reconciliation of income from operations to adjusted income from operations:
Thirteen Thirteen Fiscal
Weeks Weeks Fiscal Year
Ended Ended Year Ended Ended
December December December December
($ in thousands) 27, 2025 28, 2024 27, 2025 28, 2024
--------- --------- ---------- ---------
Income from
operations $ 309,735 $ 248,500 $ 876,928 $ 817,923
Amortization of
intangibles 21,561 21,613 84,592 86,878
Restructuring
costs 9,939 16,336 15,432 38,354
Integration and
transition
costs 8,777 17,158 61,034 36,126
Advisory fee -- 1,630 -- 20,380
-------- -------- --------- --------
Adjusted Income
from Operations $ 350,012 $ 305,237 $1,037,986 $ 999,661
======== ======== ========= ========
The following is a reconciliation of net income to adjusted EBITDA:
Thirteen Weeks Thirteen Weeks Fiscal Year Fiscal Year
Ended December Ended December Ended December Ended December
($ in thousands) 27, 2025 28, 2024 27, 2025 28, 2024
-------------- -------------- --------------- ---------------
Net income $121,410 $ 83,116 $ 327,882 $ 264,222
Interest income (8,938) (13,179) (45,731) (45,335)
Interest expense 73,077 80,568 302,570 338,358
Provision for
income taxes 98,527 83,683 202,872 181,644
Depreciation and
amortization 51,173 48,429 197,186 189,331
------- ---- ------- ---- --------- --- --------- ---
EBITDA $335,249 $282,617 $ 984,779 $ 928,220
------- ---- ------- ---- --------- --- --------- ---
Restructuring
costs 9,939 16,336 15,432 38,354
Net foreign
currency
exchange loss
(gain) 8,221 (7,037) 42,342 22,901
Integration,
transition and
operational
improvement
costs 47,327 61,290 215,667 172,764
Advisory fee -- 1,630 -- 20,380
Cash-based
compensation
expense 3,939 6,294 17,832 24,626
Stock-based
compensation
expense 6,010 34,067 21,117 34,067
Other 20,186 22,864 60,660 77,322
------- ---- ------- ---- --------- --- --------- ---
Adjusted EBITDA $430,871 $418,061 $1,357,829 $1,318,634
======= ==== ======= ==== ========= === ========= ===
The following is a reconciliation of net income to ROIC:
Thirteen Weeks Thirteen Weeks Fiscal Year Ended
Ended December 27, Ended December 28, Fiscal Year Ended December 28,
($ in thousands) 2025 2024 December 27, 2025 2024
------------------ ------------------ ------------------ -----------------
Net income $ 121,410 $ 83,116 $ 327,882 $ 264,222
Stockholders'
equity 4,248,418 3,733,875 4,248,418 3,733,875
Long-term debt 2,749,781 3,168,280 2,749,781 3,168,280
Short-term
debt and
current
maturities of
long-term
debt 449,583 184,860 449,583 184,860
Cash and cash
equivalents (1,864,724) (918,401) (1,864,724) (918,401)
---------- ---- --------- ----- ---------- ---- --------- ----
Invested capital $ 5,583,058 $6,168,614 $ 5,583,058 $6,168,614
Return on Invested
Capital 8.7% 5.4% 5.9% 4.3%
========== ==== ========= ===== ========== ==== ========= ====
Period in weeks
for non-52 week
periods 13 13 52 52
Number of weeks 52 52 52 52
The following is a reconciliation of net income to adjusted ROIC:
Thirteen Weeks Thirteen Weeks Fiscal Year Ended
Ended December 27, Ended December 28, Fiscal Year Ended December 28,
($ in thousands) 2025 2024 December 27, 2025 2024
------------------ ------------------ ------------------ -----------------
Net income $ 121,410 $ 83,116 $ 327,882 $ 264,222
Pre-tax
adjustments:
Other expense 89,798 81,701 346,174 372,057
Amortization
of
intangibles 21,561 21,613 84,592 86,878
Restructuring
costs 9,939 16,336 15,432 38,354
Integration
and
transition
costs 8,777 17,158 61,034 36,126
Advisory fee -- 1,630 -- 20,380
Tax adjustments:
Tax impact of
pre-tax
adjustments
(a) (27,971) (35,862) (122,110) (125,100)
Other discrete
items (b) 14,615 7,142 13,586 6,846
---------- ----- --------- ------ ---------- ----- --------- -----
Adjusted net
income $ 238,129 $ 192,834 $ 726,590 $ 699,763
Stockholders'
equity 4,248,418 3,733,875 4,248,418 3,733,875
Long-term debt 2,749,781 3,168,280 2,749,781 3,168,280
Short-term
debt and
current
maturities of
long-term
debt 449,583 184,860 449,583 184,860
Cash and cash
equivalents (1,864,724) (918,401) (1,864,724) (918,401)
---------- ---- --------- ----- ---------- ---- --------- ----
Invested Capital $ 5,583,058 $6,168,614 $ 5,583,058 $6,168,614
Number of Days 91 91 364 364
---------- ----- --------- ------ ---------- ----- --------- -----
Adjusted Return
on Invested
Capital 17.1% 12.5% 13.0% 11.3%
========== ==== ========= ===== ========== ==== ========= ====
(a) Tax impact of pre-tax adjustments reflects the current and deferred
income taxes associated with the above pre-tax adjustments in arriving
at Adjusted Net Income.
(b) Other discrete items represent non-recurring adjustments resulting from
valuation allowance adjustments of $13,792 and $13,866 in Thirteen
Weeks Ended December 27, 2025 and Fiscal Year Ended December 27, 2025;
adjustments of uncertain tax liabilities of ($1,172) and ($2,184) in
Fiscal Year Ended December 27, 2025 and Fiscal Year Ended December 28,
2024; $4,788 non-recurring adjustments to certain deferred tax assets
related to IRC Section 162(m) limitations on the tax deductibility of
officers' compensation in Thirteen Weeks Ended December 28, 2024 and
Fiscal Year Ended December 28, 2024; and other minor non-recurring
items.
The following is a reconciliation of net income to non-GAAP net income:
Thirteen Weeks Thirteen Weeks Fiscal Year Fiscal Year
Ended December Ended December Ended December Ended December
($ in thousands) 27, 2025 28, 2024 27, 2025 28, 2024
-------------- -------------- -------------- --------------
Net income $121,410 $ 83,116 $ 327,882 $ 264,222
Pre-tax
adjustments:
Amortization
of
intangibles 21,561 21,613 84,592 86,878
Restructuring
costs 9,939 16,336 15,432 38,354
Net foreign
currency
exchange loss
(gain) 8,221 (7,037) 42,342 22,901
Integration,
transition
and
operational
improvement
costs 47,327 61,290 215,667 172,764
Advisory fee -- 1,630 -- 20,380
Cash-based
compensation
expense 3,939 6,294 17,832 24,626
Stock-based
compensation
expense 6,010 34,067 21,117 34,067
Other items 18,745 20,568 53,285 67,055
Tax Adjustments:
Tax impact of
pre-tax
adjustments
(a) (25,091) (31,922) (109,800) (110,207)
Other
miscellaneous
tax
adjustments
(b) 14,615 7,142 13,586 6,846
------- ---- ------- ---- -------- --- -------- ---
Non-GAAP Net
Income $226,676 $213,097 $ 681,935 $ 627,886
======= ==== ======= ==== ======== === ======== ===
(a) Tax impact of pre-tax adjustments reflects the current and deferred
income taxes associated with the above pre-tax adjustments in arriving
at Non-GAAP Net Income.
(b) Other miscellaneous tax adjustments represent non-recurring adjustments
resulting from valuation allowance adjustments of $13,792 and $13,866
in Thirteen Weeks Ended December 27, 2025 and Fiscal Year Ended
December 27, 2025; adjustments of uncertain tax liabilities of ($1,172)
and ($2,184) in Fiscal Year Ended December 27, 2025 and Fiscal Year
Ended December 28, 2024; $4,788 non-recurring adjustments to certain
deferred tax assets related to IRC Section 162(m) limitations on the
tax deductibility of officers' compensation in Thirteen Weeks Ended
December 28, 2024 and Fiscal Year Ended December 28, 2024; and other
minor non-recurring items.
The following is a reconciliation of net income to adjusted free cash flow:
Thirteen Weeks Thirteen Weeks Fiscal Year Fiscal Year
Ended December Ended December Ended December Ended December
($ in thousands) 27, 2025 28, 2024 27, 2025 28, 2024
--------------- -------------- --------------- --------------
Net Income $ 121,410 $ 83,116 $ 327,882 $ 264,222
Depreciation and
amortization 51,173 48,429 197,186 189,331
Other non-cash
items and changes
to non-working
capital
assets/liabilities 82,462 239,998 3,337 56,104
Changes in working
capital 1,305,510 (61,582) 387,722 (175,818)
--------- --- ------- --- --------- --- --------
Cash provided by
operating
activities $1,560,555 $309,961 $ 916,127 $ 333,839
Capital
expenditures (36,825) (36,060) (130,754) (142,703)
Proceeds from
deferred purchase
price of factored
receivables 106,699 63,322 313,206 252,199
--------- --- ------- ---- --------- --- -------- ---
Adjusted free cash
flow $1,630,429 $337,223 $1,098,579 $ 443,335
========= === ======= ==== ========= === ======== ===
The following are reconciliations of basic and diluted GAAP EPS to basic and diluted non-GAAP EPS:
Thirteen Thirteen Fiscal Year Fiscal Year
Weeks Ended Weeks Ended Ended Ended
December 27, December 28, December 27, December 28,
2025 2024 2025 2024
------------- ------------- ------------- -------------
Basic EPS - GAAP $ 0.52 $ 0.36 $ 1.40 $ 1.18
----- ----- ----- ----- ----- ----- ----- -----
Amortization
of
intangibles 0.09 0.09 0.36 0.39
Restructuring
costs 0.04 0.07 0.07 0.17
Net foreign
currency
exchange loss
(gain) 0.03 (0.03) 0.18 0.10
Integration,
transition
and
operational
improvement
costs 0.20 0.26 0.92 0.77
Advisory fee -- 0.01 -- 0.09
Cash-based
compensation
expense 0.02 0.03 0.08 0.11
Stock-based
compensation
expense 0.03 0.15 0.09 0.15
Other items 0.08 0.09 0.23 0.30
Tax Adjustments:
Tax impact of
pre-tax
adjustments (0.11) (0.14) (0.48) (0.50)
Other
miscellaneous
tax
adjustments 0.06 0.03 0.05 0.03
----- ----- ----- ----- ----- ----- ----- -----
Non-GAAP Basic EPS $ 0.96 $ 0.92 $ 2.90 $ 2.79
===== ===== ===== ===== ===== ===== ===== =====
Thirteen Thirteen Fiscal Year Fiscal Year
Weeks Ended Weeks Ended Ended Ended
December 27, December 28, December 27, December 28,
2025 2024 2025 2024
------------- ------------- ------------- -------------
Diluted EPS - GAAP
(a) $ 0.51 $ 0.36 $ 1.39 $ 1.18
----- ----- ----- ----- ----- ----- ----- -----
Amortization
of
intangibles 0.09 0.09 0.36 0.39
Restructuring
costs 0.04 0.07 0.07 0.17
Net foreign
currency
exchange loss
(gain) 0.03 (0.03) 0.18 0.10
Integration,
transition
and
operational
improvement
costs 0.20 0.26 0.92 0.77
Advisory fee -- 0.01 -- 0.09
Cash-based
compensation
expense 0.02 0.03 0.08 0.11
Stock-based
compensation
expense 0.03 0.15 0.09 0.15
Other items 0.08 0.09 0.23 0.30
Tax Adjustments:
Tax impact of
pre-tax
adjustments (0.10) (0.14) (0.48) (0.50)
Other
miscellaneous
tax
adjustments 0.06 0.03 0.06 0.03
----- ----- ----- ----- ----- ----- ----- -----
Non-GAAP Diluted
EPS (a) $ 0.96 $ 0.92 $ 2.90 $ 2.79
===== ===== ===== ===== ===== ===== ===== =====
(a) GAAP and non-GAAP Diluted EPS for the Thirteen Weeks Ended December 27,
2025, Thirteen Weeks Ended December 28, 2024, Fiscal Year Ended
December 27, 2025 and Fiscal Year Ended December 28, 2024 includes
940,738, 288,173, 470,814 and 72,043, respectively, of outstanding
restricted stock units that are dilutive.
Our release contains forward-looking estimates of non-GAAP diluted EPS for the fiscal first quarter 2026. We provide this non-GAAP measure to investors on a prospective basis for the same reasons (set forth above) that we provide it to investors on a historical basis. We are unable to provide a reconciliation of our forward-looking estimate of fiscal first quarter 2026 GAAP diluted EPS to a forward-looking estimate of fiscal first quarter 2026 non-GAAP diluted EPS because certain information needed to make a reasonable forward-looking estimate of GAAP diluted EPS for fiscal first quarter 2026 is unreasonably difficult to predict and estimate and is often dependent on future events that may be uncertain or outside of our control, such as unanticipated non-recurring items not reflective of ongoing operations. In addition, we believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on our future financial results. Our forward-looking estimates of both GAAP and non-GAAP measures of our financial performance may differ materially from our actual results and should not be relied upon as statements of fact.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260302887654/en/
CONTACT: Investor Relations:
Willa McManmon
ir@ingrammicro.com
Media:
Lisa Zwick
lisa.zwick@ingrammicro.com
(END) Dow Jones Newswires
March 02, 2026 16:05 ET (21:05 GMT)