July 13, 2014 3:06 AM ET

Electronic Equipment, Instruments and Components

Company Overview of INTCOMEX, Inc.

Company Overview

Intcomex, Inc., together with its subsidiaries, distributes information technology (IT) products in Latin America and the Caribbean. It offers self-standing computer systems, such as notebook computers and netbooks; PC components comprising motherboards, processors, memory chips, internal hard drives, internal optical drives, cases, and monitors; and peripherals, such as printers, power protection/backup devices, mice, scanners, external disk drives, storage devices, multimedia peripherals, modems, projectors, and digital cameras. The company also offers mobile devices, which include small hand-held wireless communication devices, such as cellular phones, smart phones, tablets, personal digi...

3505 NW 107th Avenue

Miami, FL 33178

United States

Founded in 1988

1,971 Employees

Phone:

305-477-6230

Fax:

305-477-5694

Key Executives for INTCOMEX, Inc.

Co-Founder
Age: 43
Co-Founder
Age: 64
Chief Financial Officer
Age: 55
Chief Operating Officer
Age: 53
President of Intcomex Chile
Age: 58
Compensation as of Fiscal Year 2014.

INTCOMEX, Inc. Key Developments

Intcomex, Inc. Completes $150 Million Debt Refinancing

INTCOMEX, Inc. announced that on January 10, 2014 it closed on a $150 million revolving credit facility maturing in 2019 through PNC Bank, National Association (or PNC Bank) and BankUnited N.A. (or BankUnited). The company used a portion of the proceeds from the new credit facility to pay the $100 million outstanding aggregate principal amount of its 13 1/4% Second Priority Senior Notes due December 2014. Concurrent with the closing of this transaction, the company received approximately $20 million in additional equity from its existing shareholders. Intcomex expects the refinancing to generate substantial ongoing interest expense savings and gradually increase the Company's overall liquidity.

INTCOMEX, Inc. Reports Consolidated Earnings Results for the Third Quarter and Free Cash Flow Results for the Nine Months Ended September 30, 2013; Provides Cash Flow Guidance for the Fourth Quarter Ending December 31, 2013

INTCOMEX, Inc. reported consolidated earnings results for the third quarter and free cash flow results for the nine months ended September 30, 2013. Third quarter 2013 consolidated revenue reached $309.2 million, which is a decrease of $21.1 million or 6.4% as compared to the same period in 2012. This revenue decline was driven by a decrease in sales in Miami operations and also in Colombia, and to a lesser extent, in Mexico, Guatemala, El Salvador and Peru, which were partially offset by sales increases in Chile, Ecuador and Costa Rica. Operating income increased $1.2 million or 56.6% to $3.3 million for the quarter ended September 30, 2013 from $2.1 million in the same quarter of 2012. The increase was driven by the lower operating expenses in In-country Operation, partially offset by higher operating expenses in Miami operations. For the quarter ended September 30, 2013, adjusted EBITDA increased to $5.1 million or 1.7% of revenue compared to $3.6 million or 1.1% of revenue in 2012. The increase in adjusted EBITDA reflects the increase in operating income, primarily resulting from decreased operating expenses in In-country Operations, partially offset by the net loss of $2.3 million compared to $1.6 million for the same period in 2012, which was primarily attributable to the foreign exchange loss of $0.2 million in the third quarter of 2013 as compared to a foreign exchange gain of $1.4 million in the same period of 2012. Free cash flow, which is defined as cash from operating activities plus cash from invested activities, was a generation of $7.1 million for the nine months ended September 30, 2013, as compared to a usage of $13.4 million for the same period last year. The company expects to see positive operating cash flow during the fourth quarter ending December 31, 2013.

INTCOMEX, Inc., Q2 2014 Earnings Call, Nov 20, 2013

INTCOMEX, Inc., Q2 2014 Earnings Call, Nov 20, 2013

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