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Ingram Micro Inc.
Type
subsidiary
Industry Information Technology
Founded 1979
Headquarters Irvine, CA
Key people
Dale Laurance, Chairman
Alain Monié, CEO
William Humes, CFO
Products Computer hardware, software, services, logistics
Revenue Increase US$ 43.026 billion (2015)
Net income
Increase US$ 215 million(2015)
Number of employees
27,700
Parent Tianhai Investment
Subsidiaries AVAD, APTEC - An Ingram Micro Company
Rating BBB- (Fitch Ratings, December 2016)
Website www.ingrammicro.com

Ingram Micro is a wholesaler of IT products and services. Its headquarters remains in Irvine, California despite the fact the company has been acquired by the Chinese group HNA in 2016. With sales over 43 billion USD in 2015, it is the world's largest wholesaler in technology products and services. It sells products and services only to IT resellers, from manufacturers such as Acer Inc., Apple, Cisco, Brocade Communications Systems, Ruckus Wireless, Veeam Software, Google, Hewlett-Packard ("HP"), IBM, Lenovo, Microsoft, Samsung ... The company ranks 64th in the 2016 Fortune 500.

In February 2016, a definitive merger agreement was announced under which the HNA Group will acquire Ingram Micro in an all-cash transaction with an equity value of approximately $6 billion.

In 1989 Ingram Micro, then called "Ingram Micro-D", was a subsidiary of the privately owned Ingram Industries group, took over the Belgian Softinvest and its three Softeurop subsidiaries active on the Belgian, the French and the Dutch markets from Brussels, Lille and Utrecht. This was Ingram's first foray outside the United States other than a few Ingram Industries subsidiaries. The company embarked on an active merge, acquisitions and foundation strategy in the European market.

In August 1993, Ingram Micro Belgium acquired Zaventem Electronic Dealer Distribution (Zedd) and much of its assets including the right to distribute Hewlett Packard products.

In July 2005 Ingram Micro purchased AVAD, LLC, a wholesale distributor for home automation and A/V gear. It sold this subsidiary in July 2016.

The Shared Services Center in Manila, Philippines, began operations in May 2009.

Ingram Micro built a presence in areas adjacent to its traditional distribution business, including enterprise computing, automatic identification and data capture (AIDC); point-of-sale (POS); managed, professional and warranty maintenance services; mobility; physical security; and consumer electronics.

Other ventures in 2014 included entry into cloud computing, or software-, platform- and infrastructure-as-a-service.

In June 2014, Ingram Micro changed their logo and introduced a new tagline: “Ingram Micro helps businesses realize the promise of technology”.

In December 2015, Ingram Micro acquired Odin Service Automation platform from Parallels for $163.9 mln.

In February 2016, Ingram Micro was acquired by Chinese listed company Tianjin Tianhai Investment, a subsidiary of mega conglomerate HNA Group, for $6 Billion. It was reported at the time that Alain Monié, Ingram's chief executive, would remain in place. Bharat Bhisé, indirect minority owner of HNA Group at that time, as well as HNA Group director Tan Xiangdong, were also elected into the 7-men board directors of Ingram Micro. The transaction reportedly made Ingram the biggest revenue generator for HNA Group. The strategic reason for the transaction was to better reach “business opportunities in emerging markets, which have higher growth rates and better profitability.” HNA Group's logistics and its presence in China was intended to help Ingram's growth.In October 2017, Ingram Micro partnered with DocuSign.

Former U.S. Congressman Chris Lee once worked at Ingram Micro. A former member of the German-Turkish group Sürpriz who represented Germany in the Eurovision Song Contest 1999, Bülent Ural, currently works as a sales consultant for Ingram Micro's German branch.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-03-02 Downgrade Northcoast Research Buy to Neutral
2016-02-29 Downgrade Credit Agricole Outperform to Underperform
2016-02-29 Downgrade Credit Agricole SA Outperform to Underperform
2016-02-19 Downgrade Raymond James Outperform to Market Perform
2016-02-19 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2016-02-18 Downgrade Needham & Company LLC Buy to Hold $34.00
2016-02-18 Downgrade Citigroup Inc. Buy to Neutral
2015-11-02 Lower Price Target Needham & Company LLC Buy $35.00 to $34.00
2015-10-29 Reiterated Rating Brean Capital Buy $36.00
2015-10-26 Boost Price Target Raymond James Strong-Buy $32.00 to $34.00
2015-10-15 Boost Price Target Needham & Company LLC Buy $30.00 to $35.00
2015-09-21 Reiterated Rating Raymond James Strong-Buy $32.00
2015-08-03 Lower Price Target Citigroup Inc. Buy $36.00 to $30.00
2015-07-31 Reiterated Rating Brean Capital Buy $36.00
2015-05-05 Set Price Target Brean Capital Buy $36.00
2015-05-05 Lower Price Target Stifel Nicolaus Buy $35.00 to $33.00
2015-03-12 Downgrade Barclays Overweight to Equal Weight $29.00 to $26.00
2015-03-12 Downgrade Barclays PLC Overweight to Equal Weight $29.00 to $26.00
2015-02-27 Lower Price Target Barclays Overweight $31.00 to $29.00
2015-02-27 Lower Price Target Citigroup Inc. Buy $38.00 to $36.00
2015-02-26 Reiterated Rating Brean Capital Buy $40.00 to $36.00
2015-02-20 Lower Price Target Needham & Company LLC Buy $37.00 to $34.00
2015-01-14 Lower Price Target Barclays Overweight $34.00 to $31.00
2014-10-24 Upgrade Credit Agricole Underperform to Outperform
2014-09-26 Reiterated Rating Barclays Overweight $36.00 to $34.00
2014-07-25 Reiterated Rating Raymond James Strong-Buy $34.00 to $36.00
2014-07-25 Reiterated Rating Stifel Nicolaus Buy $32.00 to $35.00
2014-07-25 Reiterated Rating Citigroup Inc. Buy $35.00 to $36.00
2014-07-25 Reiterated Rating Barclays Overweight $33.00 to $36.00
2014-07-25 Reiterated Rating Bank of America Buy $36.00 to $37.00
2014-07-25 Reiterated Rating Bank of America Corp. Buy $36.00 to $37.00
2014-07-16 Upgrade Bank of America Neutral to Buy
2014-06-26 Reiterated Rating Raymond James Strong-Buy $33.00 to $34.00
2014-06-26 Reiterated Rating Barclays Overweight $31.00 to $33.00
2014-06-26 Upgrade Cross Research Hold to Buy
2014-05-12 Upgrade Stifel Nicolaus Hold to Buy $32.00
2014-04-29 Upgrade Raymond James Outperform to Strong-Buy $33.00
2014-04-24 Reiterated Rating Barclays Overweight $31.00
2014-04-24 Boost Price Target Needham & Company LLC Buy $32.00 to $35.00
2014-04-15 Upgrade Citigroup Inc. Neutral to Buy $28.00 to $35.00
2014-04-07 Upgrade Northcoast Research Neutral to Buy $36.00
2014-04-04 Boost Price Target Brean Capital Buy $31.00 to $40.00
2014-03-28 Boost Price Target Raymond James $30.00 to $33.00
2014-02-14 Boost Price Target Needham & Company LLC Buy $26.00 to $32.00
2014-02-10 Upgrade Brean Capital Hold to Buy $31.00
2014-01-06 Upgrade Barclays Equal Weight to Overweight $23.00 to $29.00
2013-10-25 Boost Price Target Needham & Company LLC Buy $24.00 to $26.00
2013-10-25 Boost Price Target Barclays Equal Weight $21.00 to $23.00
2012-02-09 Downgrade Needham Buy to Hold
2011-10-18 Reiterated Needham Buy $23 to $20
2010-02-01 Upgrade Needham Hold to Buy $21
2010-01-25 Upgrade Thomas Weisel Market Weight to Overweight
2010-01-25 Upgrade Brean Murray Hold to Buy $23
2009-07-31 Downgrade Citigroup Buy to Hold
2009-07-21 Initiated Brean Murray Hold
2008-08-18 Downgrade Banc of America Sec Buy to Neutral
2016-03-02 Downgrade Northcoast Research Buy to Neutral
2016-02-29 Downgrade Credit Agricole Outperform to Underperform
2016-02-29 Downgrade Credit Agricole SA Outperform to Underperform
2016-02-19 Downgrade Raymond James Outperform to Market Perform
2016-02-19 Downgrade Raymond James Financial Inc. Outperform to Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MONIE ALAIN President & CEO 0.39%  (611818) AES / AMZN / EXPD / IM /
LAURANCE DALE R 0.17%  (267391) IM /
INGRAM JOHN R 0.17%  (258180) IM /
Humes William David Chief Oper. and Fin. Officer 0.16%  (245397) DDD / IM /
INGRAM ORRIN H II 0.13%  (204958) CCE / FBK / IM /
Gupta Shailendra SR EVP & Pres. Asia-Pacific 0.12%  (182852) IM /
Read Paul President & COO 0.09%  (142641) IM / MAN /
Jolliffe Lynn EVP, Human Resources 0.08%  (118787) IM / KAR /
BOYD LARRY C EVP, Sec. & General Counsel 0.07%  (115201) IM /
Maquet Alain SR EVP & Pres., EMEA 0.07%  (114409) IM /
ATKINS HOWARD I 0.05%  (85404) IM / OXY /
SMITH MICHAEL T 0.05%  (73242) FLIR / IM / TDY / WBC /
STONE HEISZ LESLIE 0.04%  (66188) EW / HCC / IM / PSA / TW /
LEVINSON LINDA FAYNE 0.04%  (62658) HTZ / IM / JEC / NCR / WU /
Leone Mario F EVP & CIO 0.04%  (59421) FDML / IM /
Dave Nimesh EVP Global Business Process 0.03%  (48523) IM /
WYATT JOE B 0.03%  (44380) IM /
MCGREGOR SCOTT A 0.03%  (39486) AMAT / EFX / IM /
Soumbasakis John EVP & President Latin America 0.02%  (35487) IM /
Gifford Robert K EVP Global Logistics 0.02%  (28351) BHE / IM /
Oosterman Wade 0.02%  (28111) IM /
Bay Paul D Sr. EVP, Pres. IM N. Amer. 0.02%  (27810) IM /
PARK ERNEST Sr. EVP, CIO 0.02%  (25289) IM /
Schulz Gerhard Sr. Exec. VP and Pres., Europe 0.01%  (20322) IM /
Kamel G. Sam SVP Corporate Strategy 0.01%  (14416) IM /
BARNES DAVID A 0.01%  (13495) HTZ / IM / UPS /
Mills Carol 0.01%  (11964) ALSK / IM / ZNGA /
Bradley Keith W F Retired President, N. America 0.01%  (9237) IM /