Ingram Micro Holding Corp (STU:Y84)

Q1 2025 Ingram Micro Holding Corp Earnings Call Transcript

May 8, 2025 / 09:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Ingram Micro Holding Corp (INGM) reported a net revenue of $12.3 billion, up 11% year over year on an FX neutral basis, exceeding the high end of their guidance.
The company's gross profit of $829 million was more than 2% above the midpoint of their guidance.
Ingram Micro Holding Corp (INGM) saw double-digit net sales growth in North America and Asia Pacific regions.
The company's cloud business, although only 1% of net sales, contributed nearly 15% of total gross profit in the first quarter.
Ingram Micro Holding Corp (INGM) has invested over $600 million in their cloud and digital platform capabilities, positioning them for future growth and competitive differentiation.

Negative

The macroeconomic and trade environments present volatility, making the second quarter and back half of 2025 harder to forecast.
Gross margins were down 62 basis points year over year due to mixed factors and market conditions in India.
The company experienced an adjusted free cash flow outflow of $159 million in the first quarter, aligning with seasonal expectations.
Ingram Micro Holding Corp (INGM) faces challenges in the SMB sales category, which remains more muted due to macro uncertainties.
The company anticipates potential impacts from tariffs and macroeconomic conditions, which are reflected in their cautious Q2 guidance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INGM.N - Ingram Micro Holding Corp
Q1 2025 Ingram Micro Holding Corp Earnings Call
May 08, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, operator. I'm here today with Paul Bae, Ingram Micro's CEO, and Mike Silas, our CFO. Before I turn the call over to Paul, let me remind you that today's discussion contains forward-looking statements within the meaning of the Federal securities laws, including predictions, estimates, projections, or other statements about future events, statements about our strategy, demand plans, and positioning.

Cash flow, capital allocation, and stockholder return, as well as our expectations for future fiscal periods. Actual results may differ materially from those mentioned in these forward-looking statements because of risks and uncertainties discussed in today's earnings release and in our filings of the SEC.

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