Ingram Micro Sales Rise 14 Percent
Ingram Micro Thursday reported double-digit increases in both sales and profits for the third quarter. The company $8.45 billion in sales, a 14 percent increase and net income of $65 million.
North American sales for the company were at their highest level for a third quarter in ten years.
"Our focus remains on generating value through operational excellence and building a presence in exciting, higher-margin markets," the company's CEO, Gregory Spierkel, said as part of the announcement. "We're optimistic about our future and dedicated to improving shareholder return, as reflected by a new share repurchase program we are announcing today."