Greg Spierkel’s first act as chief executive of Santa Ana-based Ingram Micro Inc.: reassure investors that its second-quarter outlook is unchanged.
Spierkel, who took over Wednesday as chief executive from Kent Foster, said the company expects to report sales of $6.7 billion to $6.9 billion in the second quarter. Net income is seen between $41 million to $46 million. The forecast is unchanged from an earlier one in April.
“We’re pleased to confirm our guidance despite reports of economic softness in certain European markets and continuing competition in North America,” Spierkel said.
The guidance was the first interaction between Wall Street and Spierkel in his chief executive role.
Spierkel previously ran Ingram’s operations in Europe and Asia, both of which have been solid performers in the past year. Foster, who retired as chief executive, is set to remain chairman of Ingram, a distributor of technology gear.
