$IM (Ingram Micro Inc.)

$IM {{ '2016-06-27T13:46:20+0000' | timeago}} • Announcement

$IM announced a new business relationship with PernixData in Canada. Under the new agreement, Ingram Micro Canada will offer PernixData FVP and Architect software to its channel partners. PernixData's FVP and Architect software offers resellers a way to provide scale-out performance and management to any storage environment.

$ESND {{ '2017-09-20T13:05:51+0000' | timeago}} • Announcement

Workplace essentials provider $ESND has declared a dividend a $0.14 per share on its common stock. The dividend is payable on January 12, 2018, to stockholders of record on December 15, 2017.

$TECD {{ '2017-08-31T16:29:43+0000' | timeago}} • Announcement

$TECD announced an agreement with Propel, a developer of consumer drones and remote-controlled helicopters, to distribute their Limited Collector's Edition Star Wars battle drones. This is in conjunction with $DIS and Lucasfilm's Force Friday II global fan event on Sept. 1, 2017 as a prelude to premiere of Star Wars: The Last Jedi on Dec. 15, 2017.

$POOL {{ '2017-08-28T18:36:13+0000' | timeago}} • Announcement

$POOL has signed an exclusive distribution agreement with Alawwal Properties Corp. Under the terms of the agreement, $POOL has granted Alawwal the exclusive right within the Middle East and North Africa Region to market and sell the PoolSafe product, and to form revenue share partnerships with its clients and relationships.

$SCSC {{ '2017-08-24T18:02:21+0000' | timeago}} • Announcement

$SCSC appoints Gerald (Gerry) Lyons as Executive Vice President and Chief Financial Officer effective August 23, 2017. Prior to this, he served as the company's Senior Vice President and Interim Chief Financial Officer.

$MSM {{ '2017-08-07T15:55:04+0000' | timeago}} • Announcement

$MSM acquired  DECO Tool Supply, an industrial supply distributor based in Davenport, Iowa. $MSM will be able to provide DECO customers access to the company's 1MM-plus product portfolio to support their full metalworking and maintenance, repair and operations needs.

$POOL {{ '2017-07-28T19:00:50+0000' | timeago}} • Announcement

$POOL declared a quarterly cash dividend of $0.37 per share.  The dividend will be payable on Aug 23, 2017 to holders of record on Aug 9, 2017.

$POOL {{ '2017-07-28T18:59:20+0000' | timeago}} • Announcement

$POOL has named Peter Arvan as its COO.  Arvan joined the company in Jan 2017 as the EVP, with responsibility for North American line management.  With this appointment, his responsibilities will expand to include Operations and Information Technology. Arvan was most recently with Roofing Supply Group, where he served as its CEO.

$IM {{ '2017-07-20T20:41:02+0000' | timeago}} • Announcement

In a bid to boost its cloud platform, $IM has appointed Richard Dufty as SVP of the company’s Global Cloud Platform Group. Tim FitzGerald joins as VP of Cloud Channel Sales, North America, Ingram Micro Cloud. Jason Bystrak, previously head of North America Cloud Channel Sales, is the new executive director, Partner Enablement, Ingram Micro Cloud.

$SNX {{ '2017-07-20T14:11:59+0000' | timeago}} • Announcement

Concentrix Corp., a subsidiary of $SNX, agreed to buy Tigerspike. Alex Burke, CEO of Tigerspike, will stay as the leader of Tigerspike and join Concentrix' senior executive staff, reporting to Chris Caldwell, President of Concentrix. It is anticipated that the transaction will close in 3Q17.

$MSM {{ '2017-07-13T12:03:45+0000' | timeago}} • Webcast

$MSM expects 4Q17 gross margins to be 43.8%, plus or minus 20 basis points and sees a typical sequential decline in margins for 4Q17. The company expects midpoint operating expenses to be about $230MM and effective tax rate of 37.3%. Operating margin is now expected to be around 12.6% at the midpoint of forecast.

$MSM {{ '2017-07-13T11:58:52+0000' | timeago}} • Webcast

$MSM's capital expenditures were $12.4MM in 3Q17 and now expects its FY17 capital expenditures to be around $55-60MM. $MSM's operating cash flow conversion ratio and that’s net cash from operating activities divided by net income was around 99% in 3Q17 and it expects to end the fiscal year at roughly the same level.

$MSM {{ '2017-07-13T11:56:07+0000' | timeago}} • Webcast

$MSM added about 5,000 net SKUs in 3Q17 and total active salable SKU count is over 1.5MM. $MSM ended the quarter at 2,309 field sales and service associates. The company expects a slight decline over the following few months. And $MSM expects this trend to continue as its sales effectiveness programs gain traction.

$MSM {{ '2017-07-13T11:54:32+0000' | timeago}} • Webcast

$MSM said the improvement in growth rates during 3Q17 was pretty much across the board, with particularly strong growth in national accounts which increased in the mid single-digit range with building momentum through the quarter. Government growth was in the low single-digit range.

$MSM {{ '2017-07-12T11:07:12+0000' | timeago}} • Announcement

$MSM expects net sales for 4Q17 of $732-746MM, based on current market conditions. At the midpoint, average daily sales are expected to increase roughly 7% compared to last year. The company expects EPS of $0.97-1.01 for 4Q17.

$MSM {{ '2017-07-12T11:05:25+0000' | timeago}} • Announcement

$MSM's average daily sales for 3Q17 increased by 3.8%. Most of this came from customer types and products with lower gross margins and, hence, its gross profit was slightly below expectations. However, offsetting this was continued focus on expense control, resulting in operating margins 20 basis points ahead of the midpoint of guidance.

$MSM {{ '2017-07-12T11:03:36+0000' | timeago}} • Announcement

$MSM reported a decline in 3Q17 earnings due to higher costs and expenses. Net income fell to $62.84MM from $64.82MM last year, while EPS rose to $1.09 from $1.05 on lower weighted average shares. Net sales grew to $743.92MM from $727.5MM, on improving sales growth across all of customer types.

$TECD {{ '2017-07-10T17:40:40+0000' | timeago}} • Announcement

$TECD will offer a complete solution that integrates the new Microsoft 365 Business with its own Small Business Cloud Server offering, which runs on Microsoft Azure, to provide small and medium-sized businesses (SMBs) with an ideal platform for digital transformation.

$SCSC {{ '2017-06-29T14:17:59+0000' | timeago}} • Announcement

Digital technology firm $SCSC has agreed to acquire POS Portal, a distributor of payment devices and services. The transaction will result in formation of the industry’s largest payments channel. POS customers will gain access to ScanSource’s larger portfolio of POS offerings, and $SCSC customers will get access to the additional services of POS.

$IM {{ '2017-06-28T10:48:15+0000' | timeago}} • Announcement

$IM and GFI Software sign distribution agreement for the Middle East and Africa region, covering 17 countries. The new agreement will allow $IM to distribute GFI Software's complete range of IT solutions to channel partners in 17 additional countries other than Turkey and Australia where the company has existing relationship.

$TECD {{ '2017-06-23T12:19:21+0000' | timeago}} • Announcement

$TECD announced the combined leadership of its Canadian operations following the acquisition of Avnet's Technology Solutions business. Ed Galasso has been promoted to VP and general manager, Sales and Product Marketing, for $TECD's Commercial and Retail business in Canada. Brian Aebig has been appointed VP, Sales for Enterprise Solutions business.

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