Santa Ana-based technology distributor Ingram Micro Inc. posted record fourth-quarter results, gaining ground in sales in nearly every country in which the company operates.
Earnings for the quarter climbed more than 8% from a year earlier to $91.7 million on revenue of nearly $8.9 billion, up 11%. The results were in line with analysts’ expectations.
“We closed the year with record annual sales and income,” Chief Executive Greg Spierkel said. “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.”
Ingram Micro dominates in North America, Latin America and the Asia-Pacific region and is a close second in Europe to key rival Tech Data Corp. of Florida.
The company’s quarter was aided by a $4 million settlement with a bankrupt customer and a tax rate reduction.
