The 2020 Mid-Year Economic Update_long

Ingram Micro Sales Up 12% in 2013

Technology distributor's fourth-quarter sales were up 4 percent.

Ingram Micro Inc. (NYSE: IM), Santa Ana, CA, wholesale technology distributor, reported sales for the fiscal year ended Dec. 28, 2013, were up 12 percent to $42.6 billion.

Sales for the fourth quarter ended Dec. 28, 2013, were $11.8 billion, up 4 percent in U.S. dollars.

Fourth-quarter profit was $112 million.  

In 2013, Ingram Micro Mobility added new OEM distribution agreements in Europe, Asia Pacific and Latin America and won new logistics contracts in all regions. Ingram Micro also added global enterprise IT asset disposition, onsite data destruction and e-waste recycling services for large enterprise customers, retail customers and OEMs, increasing its supply chain capabilities with the acquisition of CloudBlue Technologies Inc.

The company expanded its capabilities in the e-commerce logistics market with the acquisition of Shipwire Inc.; the acquisition will also better enable Ingram Micro Logistics to meet the e-commerce needs of large retailers with significantly reduced onboarding time, cost and complexity, according to a news release.

Also in the fourth quarter, Ingram Micro Mobility announced it expanded into Latin America and now offers wireless device lifecycle services in the region.

The company also announced its plan to proceed with a global organizational restructuring program that will focus on:

  • Aligning and leveraging the company's infrastructure globally with its evolving businesses, opportunities and resources;
  • De-layering and simplifying the organization to enable the company to be more nimble, responsive and collaborative; and
  • Maintaining investments in expertise and capabilities to continue to transform the company's business mix in faster growing, higher margin businesses.

As a result of the alignment and de-layering programs, the company expects annual savings between $80 and $100 million.

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