Ingram Micro boasts best Q3 sales since 2000


Ingram Micro has posted an upbeat quarter, with sales and operating margins at their highest Q3 levels since 2000.

Worldwide sales for the quarter were $6.02 billion, 16 per cent up from $5.21 billion posted in the same period last year.

Excluding items, net income on a non-GAAP basis was $32.6 million, or EPS of $0.21, up from $14.5 million on a non-GAAP basis, or EPS of $0.09 in Q3 of 2003.

CFO Thomas Madden said: "Our performance this quarter was driven primarily by stronger demand, particularly in September. Our investments in customer initiatives, high-growth products, and process improvements continue to bear fruit, and the market seems to be more cooperative."

CEO Kent Foster added: "Our performance this quarter exceeded the top end of our guidance range. Every region posted an operating profit."

Santa Ana (CA)