Worldwide fourth quarter sales were $11.3bn, down 19% in dollars and down 13% on a currency neutral basis, when compared to worldwide sales of $14bn in the 2014 fourth quarter.
"We had a solid close to a strong year of execution, and we are pleased with the progress we are making against our strategic initiatives," said Alain Monié, Ingram Micro CEO. "We are excited about our pending transaction to join HNA Group, as we will have the opportunity to even better serve our vendor and customer partners and help them achieve their business objectives. Upon the closing of the transaction announced last week, we expect to have the ability to accelerate our investments, both organically and through M&A, to enhance and add to our capabilities in high value IT solutions, mobility lifecycle services, commerce and fulfillment solutions and cloud, while also continuing to extend our geographic reach."
But COO Paul Read who had hoped to become CEO, cannot see this now happening under the new owners and will leave for other interests, it is reported.