Ingram Micro Q1 profit rise

26 April 2006 – Santa Ana (CA): Ingram Micro has posted a Q1 profit rise of 45 per cent, citing strong sales in North America.
Net income rose to $61.7 million, or EPS of $0.36, from $42.4 million, or EPS of $0.26 in 2005. The results reflect costs of $8 million or $0.03 per share related to new accounting rules for stock options granted to employees.
North American sales rose 9 per cent and European sales rose 2 per cent.