Ingram Micro reports Q1 EPS 61c, consensus 57c

Reports Q1 revenue $12.28M, consensus $11.62B. “We were very pleased with our first quarter performance, in which net sales were up 11% year-over-year on a constant currency basis, with earnings per share at the high end of our guidance. Our proven execution during periods of market volatility gives us confidence in our long-term strategy, which is playing out in the traction on our Xvantage platform,” said Paul Bay, Ingram Micro’s (INGM) Chief Executive Officer. “We believe that our global reach and decades of experience enabling growth for our trusted partners – together with our targeted investments in automation and our platform – position us to continue delivering strong returns to our shareholders.”