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Ingram Micro 2020 Sales Up 4% in Dollar Terms

Electronics distribution giant Ingram Micro in Irvine said worldwide 2020 fiscal year net sales were $49.1 billion, an increase of nearly $2 billion, or 4% in U.S. dollar terms.

The company said results for the fiscal year ended Jan. 2 were boosted by growth in the cloud and e-commerce services as well working and learning from home setups.


“The translation of foreign currencies compared to 2019 had a de minimis negative impact on 2020 fiscal year net sales,” the company said in a statement.


Ingram Micro Inc. is the world's largest provider of technology logistics services and solutions, and the biggest Orange County company by revenue.


Los Angeles-based private equity firm Platinum Equity’s purchase of Ingram Micro from HNA Technology Co., Ltd. of China “remains on-track to close at the end of the 2021 second quarter,” according to today’s statement.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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