Distributor Ingram Micro Reports Strong Sales
Distributor Ingram Micro reported Q4 sales of $10 billion, a 13-percent increase from $8.85 billion for last year’s quarter. Sales for the 2007 fiscal year hit a record $35.05 billion, a 12-percent increase over 2006. Net income was $114.1 million or $0.64 per diluted share, compared with net income of $91.7 million or $0.53 per diluted share, in the prior year fourth quarter.
“I’m pleased with the progress we made in 2007 -- both for the fourth quarter and the fiscal year,” said Greg Spierkel, Ingram Micro CEO. “Our record sales and net income results were driven by operational improvements and long-term strategic investments in our four market-leading regional operations.”
Q4 highlights, according to the company, include: