Computeruser.com
Latest News

Ingram Micro Reports Record Net Income and EPS for the 2010 Fiscal Year

SANTA ANA, Calif. Feb. 10, 2011 January 1, 2011

$9.88 billion $8.81 billion Asia-Pacific Latin America $34.59 billion $29.52 billion

$115.0 million $0.71 $9.1 million $0.05 Brazil $107.0 million $0.64 $2.1 million $0.03 Brazil

$318.1 million $1.94 $0.05 $202.1 million $1.22 $19.9 million $0.12

Asia-Pacific Latin America North America

Additional Fourth Quarter Highlights

www.ingrammicro.com

Regional Sales

  • North America $4.05 billion $3.59 billion
  • Europe Middle East Africa $3.35 billion $3.05 billion
  • Asia-Pacific $1.98 billion $1.72 billion
  • Latin America $496 million $446 million

Gross Margin

Brazil

Operating Expenses

$392.6 million $354.7 million $7.7 million

Operating Income

$167.3 million $146.5 million $2.1 million

  • North America $70.3 million North America $53.4 million North America $5.7 million
  • EMEA $59.7 million $53.9 million $1.2 million
  • Asia-Pacific $28.5 million Asia-Pacific $25.7 million Asia-Pacific $0.7 million
  • Latin America $17.6 million Latin America $9.1 million $21.0 million Latin America $9.8 million $0.1 million

Stock-based compensation expense $8.8 million $7.4 million

Interest and other expenses $9.7 million $5.6 million $300 million $4.4 million

effective tax rate Brazil

depreciation and amortization $13.9 million

Capital expenditures $30.9 million

Balance Sheet Highlights

  • $1.16 billion $911 million $300 million
  • $636 million $379 million
  • $2.9 billion $2.5 billion
  • Working capital days were 22, at the low end of the company’s normal range of 22 to 26 days, compared with 21 at year-end 2009.

William Humes

Additional Fiscal Year Results

$34.59 billion $14.55 billion North America $10.87 billion $7.57 billion Asia-Pacific $1.60 billion Latin America

$484.4 million $9.1 million $295.9 million $30.4 million $9.8 million $37.6 million $2.5 million

Outlook

“For the first quarter,” said Spierkel, “we expect sales to follow a historical seasonal pattern, with a normal sequential decline and modest year-over-year growth. Gross margins are also expected to decline sequentially due to seasonality and competitive dynamics in certain markets. While we will continue to tightly manage expenses, they may fluctuate as we make strategic investments, increasing at approximately half the rate of sales for the full year.”

Spierkel continued:  “As we look forward to the remainder of 2011, we have a clear strategic path that calls for operational excellence in our traditional distribution business, greater strength in our higher-margin specialty areas, and development of innovative technologies and opportunities that will drive long-term success.  We are committed to keeping a healthy spread between ROIC and weighted average cost of capital, which we believe is a key to improving shareholder return.  I’m proud of our progress and am excited about the opportunities ahead of us.”

Conference Call and Webcast

5 p.m. ET www.ingrammicro.com the United States Canada

www.ingrammicro.com the United States Canada

Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

The matters in this press release that are forward-looking statements are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro’s business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) changes in macroeconomic conditions may negatively impact a number of risk factors which individually or in the aggregate, could adversely affect our results of operations, financial condition and cash flows;(2) we continually experience intense competition across all markets for our products and services; (3) we are dependent on a variety of information systems, which, if not properly functioning, or unavailable, could adversely disrupt our business and harm our reputation and net sales; (4) we operate a global business that exposes us to risks associated with conducting business in multiple jurisdictions; (5) our failure to adequately adapt to IT industry changes could negatively impact our future operating results; (6) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (7) we have made and expect to continue to make investments in new business strategies and initiatives, including acquisitions, which could disrupt our business and have an adverse effect on our operating results; (8) substantial defaults by our customers or the loss of significant customers could have a negative impact on our business, results of operations, financial condition or liquidity; (9) changes in, or interpretations of, tax rules and regulations, changes in mix of our business amongst different tax jurisdictions, and deterioration of the performance of our business may adversely affect our effective income tax rates or operating margins and we may be required to pay additional taxes and/or tax assessments, as well as record valuation allowances relating to our deferred tax assets; (10) changes in our credit rating or other market factors such as adverse capital and credit market conditions or reductions in cash flow from operations, may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing; (11) failure to retain and recruit key personnel would harm our ability to meet key objectives; (12) we cannot predict with certainty what loss we might incur as a result of litigation matters and contingencies that we may be involved with from time to time; (13) we may incur material litigation, regulatory or operational costs or expenses, and may be frustrated in our marketing efforts, as a result of new environmental regulations or private intellectual property enforcement disputes; (14) we face a variety of risks in our reliance on third-party service companies, including shipping companies for the delivery of our products and outsourcing arrangements; (15) changes in accounting rules could adversely affect our future operating results; and (16) our quarterly results have fluctuated significantly.

About Ingram Micro Inc.

Asia www.ingrammicro.com

© 2011 Ingram Micro Inc. All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.

Ingram Micro Inc.

Consolidated Balance Sheet

(Dollars in 000s)

(Unaudited)

January 1,

January 2,

2011

2010

ASSETS

Current assets:

Cash

$ 1,155,551

$    910,936

Trade accounts receivable, net

4,138,629

3,943,243

Inventory

2,914,525

2,499,895

Other current assets

381,383

392,831

Total current assets

8,590,088

7,746,905

Property and equipment, net

247,395

221,710

Intangible assets, net

81,992

92,054

Other assets

164,557

118,681

Total assets

$ 9,084,032

$ 8,179,350

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$ 4,593,694

$ 4,296,224

Accrued expenses

536,218

423,365

Short-term debt and current maturities of long-term debt

105,274

77,071

Total current liabilities

5,235,186

4,796,660

Long-term debt, less current maturities

531,127

302,424

Other liabilities

76,537

68,453

Total liabilities

5,842,850

5,167,537

Stockholders’ equity

3,241,182

3,011,813

Total liabilities and stockholders’ equity

$ 9,084,032

$ 8,179,350

Ingram Micro Inc.

Consolidated Statement of Income

(Dollars in 000s, except per share data)

(Unaudited)

Thirteen

Thirteen

Weeks Ended

Weeks Ended

January 1, 2011

January 2, 2010

Net sales

$        9,882,867

$        8,807,190

Cost of sales

9,323,016

(a)

8,306,000

(a)

Gross profit

559,851

501,190

Operating expenses:

Selling, general and administrative

391,099

347,711

Reorganization costs

1,495

6,959

392,594

354,670

(a)

Income from operations

167,257

146,520

Interest and other

9,713

5,553

Income before income taxes

157,544

140,967

Provision for income taxes

42,528

33,944

Net income

$           115,016

$           107,023

Diluted earnings per share

$                 0.71

$                 0.64

Diluted weighted average

shares outstanding

161,560,166

167,759,493

(a)  See related footnotes on the succeeding schedule of supplementary information for the thirteen weeks

  ended January 1, 2011 and January 2, 2010.

Ingram Micro Inc.

Consolidated Statement of Income

(Dollars in 000s, except per share data)

(Unaudited)

Fifty-two

Fifty-two

Weeks Ended

Weeks Ended

January 1, 2011

January 2, 2010

Net sales

$      34,588,984

$      29,515,446

Cost of sales

32,696,693

(a)

27,845,237

(a)

Gross profit

1,892,291

1,670,209

Operating expenses:

Selling, general and administrative

1,406,721

1,337,696

Impairment of goodwill

2,490

Reorganization costs

1,137

34,083

1,407,858

1,374,269

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test