INGM Earnings Prediction
The chart below shows how INGM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INGM sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
INGM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
11.76B
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Gross Margin
7.19%
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Operating Margin
1.85%
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Net Margin
0.65%
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EPS
0.35
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No Data Available
INGM Earnings Analysis
Ingram Micro Holding Corporation Corporation (INGM.N) Earnings Conference Call
Positive
Asia-Pacific Sales Growth: In the third quarter, we reported net sales of $11.76 billion, driven primarily by growth in our Asia-Pacific region.
Gross Profit Margin Increase: Our gross profit came in at $845.5 million or 7.19% of net sales, up 2 basis points from 7.17% of net sales in the same period last year.
Strong Operational Performance: Adjusted income from operations totaled $253.9 million in Q3, reflecting a strong operational performance.
Cloud Investment Strategy: We have invested more than $600 million over the past decade into our cloud business and market place, enhancing our service offerings.
Net Income Increase: Our non-GAAP net income for the quarter was $159.2 million compared to $148.6 million in the comparable period last year.
Negative
Net Sales Decline: Net sales decreased by 1.4% year-over-year to $11.76 billion, primarily driven by lower net sales in North America and Latin America regions.
Operating Expenses Analysis: Operating expenses totaled $627.3 million for the third quarter, representing 5.33% of net sales compared to 5.39% in the same period last year.
North American Net Sales Decline: North American net sales were $4.3 billion compared to $4.6 billion in the prior year, driven by a decline in client and endpoint solutions across multiple subcategories in the United States.
EMEA Net Sales Decline: EMEA net sales totaled $3.5 billion, a slight decrease of 0.1% compared to the year-ago quarter, attributed to softer net sales of reverse logistics and repair business in the region.
Latin America Net Sales Decline: Latin America net sales totaled $0.9 billion compared to $1.0 billion in the prior year, primarily driven by softness in net sales of client and endpoint solutions attributed to declines in mobility distribution.
INGM FAQs
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INGM Earning Call Sentiment
Ingram Micro Holding Corporation (INGM) Q3 2024 Earnings Call Transcript
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INGM.N
-3.53%Positive
The earnings call presents a mixed picture: strong investment in cloud services and debt reduction are positives, but declining sales in key regions, regulatory risks, and lack of specific future guidance are concerning. Q&A reveals optimism for future quarters but lacks clarity on crucial metrics. Overall, these factors suggest a neutral sentiment for the stock price in the near term.
