SANTA ANA — Ingram Micro Inc., the world's largest distributor of computer products, said Wednesday that net income climbed 31% last year on record revenue.
The Santa Ana-based company, which completed one of Orange County's biggest initial public stock offerings last year, reported net income of $110.7 million, or 88 cents a share, up from $84.3 million, or 69 cents a share, for 1995.
The 1996 figure included a $19.5-million non-cash compensation charge related to stock options. Revenue rose 40% to $12 billion from $8.6 billion.
For the fourth quarter of 1996, net income rose 18% to $33.1 million, or 24 cents a share, from $28 million, or 23 cents a share, for the comparable 1995 period. Sales rose 40% to $3.5 billion from $2.5 billion.