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INGRAM MICRO NET SALES INCREASE 31%, EXCEEDING $6.7 BILLION FOR FIRST QUARTER 1999Company delivers net income of $42 million for the quarterSANTA ANA, Calif., April 27, 1999Ingram Micro Inc. (NYSE:IM) today announced its financial results for the first quarter ended April 3, 1999. The company posted record net sales in the first quarter of 1999 of $6.73 billion, growing 31 percent over the prior period's $5.15 billion. Net income for the period was $42.3 million, or $0.29 per share, declining 25 percent compared to the 1998 first quarter. These results include $6.2 million in costs incurred during the period for the company's reorganization announced on March 11, 1999 and an extraordinary pre-tax gain of $6.2 million on the repurchase of debentures. Net income, excluding these one-time costs and gains, was $42.4 million, or $0.29 per share. About Ingram Micro Inc.Ingram Micro Inc. (NYSE:IM), headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and is a leading provider of assembly and integration services with sales of $23.6 billion for the past four reported quarters. The company and its subsidiaries operate in 31 countries and distribute more than 200,000 products to more than 140,000 resellers in 130 countries.For more information about Ingram Micro's first-quarter earnings, see the Consolidated Balance Sheet and Consolidated Statement of Income; you'll need Adobe Acrobat Reader to view these documents. Contact
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