Ingram Micro Inc. (IM) Sees 2015 EPS at High End of $2.60-$3.10

Ingram Micro Inc. (NYSE: IM) held an investor briefing today in New York City that was also webcast live. During the presentations, company executives outlined the company's ongoing strategy to extract more value from its core technology solutions business, while accelerating growth in higher margin business lines including mobility, cloud and supply chain solutions. The company said it was on-track to meet or exceed its 2015 financial targets1 and also set 2016 financial targets for the first time, which included:

Consolidated revenue expected to increase at a compound annual growth rate of 4% to 6% through 2016;
Non-GAAP operating margins expectations of 175 to 200 basis points of revenue in 2016;
Operating cash flow generation of $1.0 to $1.2 billion between 2014 to 2016; and
$3.40 to $3.70 in non-GAAP earnings per diluted share in 2016.
Returns on invested capital are targeted to be 300 basis points above the company's weighted average cost of capital.

Alain Monie, Ingram Micro CEO, commented, "As outlined over the course of today's presentations, we are executing well against our strategic initiatives, which is resulting in much stronger profitability accompanied by solid revenue increases across all lines of business. We are driving productivity and efficiencies across the company, while organically investing in, and also acquiring, key strategic capabilities to accelerate growth and increase the mix of higher margin services revenues. We are resolute in our on focus on execution and we will continue to demand more from our businesses, which will enable us to continue to deliver even better future financial performance."

A replay of the audio webcast of the investor briefing, along with the accompanying presentation slides, is available on the company's website atwww.ingrammicro.com (Investor Relations section).

1. 2015 financial targets and current expectations.

2015 financial targets and current expectations.

(Note: Street sees 2015 EPS of $2.99)

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