Ingram reaffirms guidance
Distributor reveals it is on track for its third quarter financials
Broadline distributor Ingram Micro has reaffirmed its guidance for its third quarter results.
The distribution giant expects turnover for the period ending 1 October to range from $6.8bn to $7bn, with profit ranging from $48m to $53m. Net profit excludes any reorganisation costs, special items or integration expenses.
Greg Spierkel, chief executive officer at Ingram Micro said: "The third-quarter guidance represents the eighth consecutive quarter of double-digit sales growth, as well as net income growth of more than 40 percent on last year's same quarter."
"Our ongoing efforts toward growth, improvement and diversification are driving solid results. The demand environment is stable and sales levels are in line with our expectations," he said.