INGRAM MICRO NET INCOME INCREASED 40% FOR FIRST QUARTER 1998

Company reports record sales of $5.15 billion for the quarter.

SANTA ANA, Calif., April 28, 1998

Ingram Micro Inc. (NYSE:IM) today announced its financial results for the first quarter ended April 4, 1998.

Net income for the period was $56.5 million, exceeding net income in the previous year's quarter by 40 percent. Diluted earnings per share increased 36 percent, growing from $0.28 per share to $0.38 per share.

In both the 1998 and 1997 first quarters, Ingram Micro's results include a noncash compensation charge related to the vested portion of previously granted stock options converted to Ingram Micro stock options. These charges were $0.9 million and $1.4 million, net of tax, in the first quarter of 1998 and the first quarter of 1997, respectively. Excluding these charges, net income for first quarter of 1997 grew 37 percent to $57.5 million and diluted earnings per share grew 34 percent to $0.39.

The company posted record net sales in the first quarter of 1998 of $5.15 billion, growing 41 percent over the prior period's $3.65 billion.

About Ingram Micro Inc.

Ingram Micro Inc. (NYSE:IM), headquartered in Santa Ana, Calif., is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1997 sales of more than $16.5 billion. The company and its affiliates operate in 31 countries, distributing more than 145,000 products to more than 100,000 resellers in 120 countries.

For more information about Ingram Micro's first-quarter earnings, see the Consolidated Balance Sheet, Consolidated Statement Of Income and Consolidated Statement of Cash Flows. You'll need Adobe Acrobat Reader to view these documents.

Contact

Kimmerly W. Strohm
Ingram Micro Inc.
(714) 382-4400

Kathleen Janson
Ingram Micro Inc.
(714) 382-2046