Santa Ana-based Ingram Micro Inc., a distributor of technology products, posted double-digit gains in sales and profits for the second quarter, the company said Thursday.
Sales for the second quarter were $6.84 billion, up 20% compared to a year earlier. Operating profit was $71.3 million, a 49% increase over the year ago period.
Ingram’s earnings included results from its $530 million buy of Australia’s Tech Pacific.
The quarter was the first under Chief Executive Gregory Spierkel. He took over from Chairman Kent Foster, who retired as chief executive earlier this year.
“Our disciplined approach and successful diversification strategy produced excellent results,” said Spierkel in a statement.
Spierkel said that the company’s operating income was the highest second-quarter result since 1999.
“We made considerable progress toward achieving our goals, but will not rest on our laurels,” he said.
Ingram expects third-quarter sales of $6.8 billion to $7 billion.
“The third-quarter guidance is a further indication of our ongoing efforts toward growth, improvement and diversification,” said Spierkel.
Shares of Ingram were up 8.5% to $17.8 in after-hours trading.
