Q4 and annual growth for Ingram Micro

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19 February 2007 — Santa Ana (CA): Ingram Micro’s Q4 worldwide sales were $8.85 billion, an 11 percent increase from $7.96 billion in the prior-year period.

North American sales were $3.68 billion (42 percent of total revenues), an increase of 12 percent versus the $3.27 billion reported in the year-ago quarter.

 

European sales were $3.23 billion, an increase of 7 percent versus the $3.01 billion last year.

 

Asia-Pacific sales were $1.50 billion (17 percent of total revenues) or an increase of 20 percent on $1.25 billion reported in the previous year.

 

Latin American sales were $444 million (5 percent of total revenues), up 6 percent from $420 million in the year-ago quarter.

 

Q4 net income was $91.7 million or diluted EPS of $0.53.

 

Sales for the 2006 fiscal year were $31.36 billion, an all-time record and a 9 percent increase over 2005.

 

CEO Gregory Spierkel said: "We closed the year with record annual sales and income. For the fourth quarter, sales hit a quarterly record and all four regions reported operating margins of more than 150 basis points for the first time in company history."