SANTA ANA, Calif., Oct. 28 /PRNewswire/ -- Ingram Micro Inc. (NYSE:IM)
today announced its financial results for the third quarter ended October 3, 1998.
Net income for the quarter was $59.8 million, or $0.40 per share, exceeding net income in the previous year's quarter by 35 percent. The company posted record net sales in the third quarter of 1998 of $5.71 billion, growing 40 percent over the $4.09 billion achieved in the same quarter last year.
For the first three quarters of 1998, net income was $172.0 million, or $1.15 per share, exceeding net income for the same period in 1997 by 38 percent. Year-to-date, through the third quarter of 1998, net sales for the company grew 38 percent to $15.81 billion.
About Ingram Micro Inc.
Ingram Micro Inc., headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with sales of $20.9 billion for the last four quarters. The company and its affiliates operate in 31 countries and distribute more than 190,000 products to over 115,000 resellers in 120 countries. Ingram Micro can be found at http://www.ingrammicro.com/.
1998 Ingram Micro Inc. All rights reserved. Ingram Micro is a trademark used under license by Ingram Micro Inc. All other logos, brand names and product names are trademarks of their respective companies.