First Impressions: Ingram Micro's 3Q24 Earning Results & State of ITAD Health

I am pretty encouraged about #IngramMicro’s (INGM) #Q32024 earning results. Although the company’s leaders did not share details about their #lifecyclebusiness, where #ITAD sits, comments shared with a group of analysts validate the results of our survey, confirming that the #assetrecovery services are doing well.

But first, let’s look at the basics. Ingram Micro went public just recently. The #IPO was launched shortly after it filed its #S1 form with the #SEC. I did anticipate the IPO to take place in #Q12025, but the company moved very swiftly and went public earlier than anticipated. Part of the motives for going public was to reduce Ingram’s #debt. As expected, it used a portion of the IPO proceeds to pay down its debt. C

Continue here to read the full analysis, access is free with registration: https://compliancestandards.com/eknx