Upbeat Q3 for Ingram Micro


29 October 2004 – Santa Ana (CA): Ingram Micro has posted an upbeat Q3, with sales and operating margins at the highest Q3 levels since 2000.

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

Net income, excluding all benefits, was $32.6 million, or EPS of $0.21, up from $14.5 million, or EPS of $0.09 in the Q3 of 2003.

Executive VP and 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."