The company set to swallow, sorry, set up a JV with MB Technologies, Ingram Micro, has confirmed its status as the world's biggest distributor with the release of record annual results.
The distribution giant has reported sales for the 2006 fiscal year of $31.36-billion, an increase of 9% over 2005 and, it says, an all-time record.
Ingram's fourth quarter saw an 11% increase in sales on the previous year, up to $8.85-billion from $7.96-billion. Net income for the quarter was $91.7-million.
"We closed the year with record annual sales and income," says Gregory Spierkel, CEO of Ingram. "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. Nearly every country performed well.
"While issues in Germany clouded our income performance during the quarter, the warehouse management system is now running effectively," Spierkel adds. "We believe the upgraded system will drive a more efficient and productive operation for Germany and the region."
Revenue breakdown for the quarter for the four regions were:
* North America – $3.68-billion, or 42% of total revenues – a 12% increase;
* Europe – $3.23-billion, or 36% of total revenues – a 7% increase;
* Asia-Pacific – $1.5-billion, or 17% of total revenues – a 20% increase;
* Latin America – $444-million, or 5% of total revenues – a 6% increase.