Arrow Electrs Inc Stock Price, News & Analysis

Arrow Electronics (NYSE:ARW) will host a conference call on Feb. 2, 2023, at 1:00 PM ET to discuss its fourth-quarter and full-year 2022 financial results. Interested participants can register online for dial-in information at the provided link. A live webcast will also be available on the company's investor relations page. Arrow Electronics had 2021 sales of $34 billion and continues to drive innovation for over 220,000 technology manufacturers and service providers. A replay of the conference call will be accessible shortly after its conclusion and will remain available for one year.

Arrow Electronics (NYSE:ARW) has entered an agreement with Sunway Communication to offer and support its complete product range across the Americas, Europe, Middle East, and Africa. The focus will initially be on Sunway's Ultra-Wideband (UWB) solutions, which include modules and development kits leveraging NXP Semiconductors' Trimension UWB technology for applications like device tracking and access control. Founded in 2006, Sunway has over 10,000 employees and 2,000 patents, emphasizing R&D and innovation to maintain market competitiveness.

Arrow Electronics reported record third-quarter 2022 sales of $9.27 billion, up 9% year over year. Net income increased to $342 million or $5.27 per share, compared to $290 million or $4.00 per share in the same quarter last year. Non-GAAP net income reached $354 million or $5.45 per share. The company's global components sales rose 10% to $7.30 billion, while enterprise computing solutions sales grew 4% to $1.97 billion. The outlook for the fourth quarter projects sales between $8.95 billion to $9.55 billion.

Arrow Electronics (NYSE:ARW) will host a conference call to discuss its third-quarter 2022 financial results on November 3, 2022, at 1:00 PM ET. Investors can register online for dial-in information or access the live webcast at investor.arrow.com. A replay of the webcast will be available for one year after the call. Arrow reported sales of $34 billion in 2021, serving over 220,000 technology manufacturers and service providers, focusing on innovative technology solutions.

Arrow Electronics (NYSE:ARW) has approved an additional $600 million for its stock repurchase program. The decision empowers the company to repurchase shares based on market conditions through various methods, including open market purchases. This measure demonstrates the company’s commitment to enhancing shareholder value. Arrow Electronics had sales of $34 billion in 2021, showcasing its significant position in guiding technology innovation.

Arrow Electronics (NYSE:ARW) has appointed Rajesh (Raj) K. Agrawal as the new senior vice president and chief financial officer, effective Sept. 6. Agrawal previously served as executive vice president and CFO at Western Union since 2014, where he managed mergers and acquisitions and global operations. His extensive background also includes leadership roles at Deluxe Corp., General Mills, Chrysler Corp., and General Motors Corp. CEO Sean Kerins expressed confidence in Agrawal's capability to drive Arrow's growth and success.

Arrow Electronics, Inc. (NYSE:ARW) reported record second-quarter 2022 sales of $9.46 billion, a 10% increase from $8.56 billion in Q2 2021. Net income rose to $370 million or $5.54 per diluted share, up from $241 million or $3.23 per share last year. Non-GAAP earnings per share reached $5.78.

Despite challenges, Arrow's strong performance highlights robust demand, especially in electronic components. The company faced a $291 million negative impact from currency changes.