Arrow Electrs Inc Stock Price, News & Analysis

Arrow Electronics, Inc. (NYSE:ARW) will host a conference call on August 5, 2021, at 1:00 PM ET to discuss its second-quarter 2021 financial results. Interested parties can register online for dial-in information or access the live webcast through the investor section of their website. The call will be followed by a replay available for one year. Arrow's 2020 sales were $29 billion, supporting over 180,000 technology manufacturers and service providers with innovative solutions aimed at enhancing business and everyday life.

Arrow Electronics (NYSE: ARW) has partnered with ROOQ to launch the ROOQ BOX, an innovative sensor technology for boxers. This device enables performance monitoring and analysis previously restricted to lab conditions, providing insights on punch count, speed, and force via a dedicated app. The collaboration showcases Arrow's expertise in hardware and logistics, aiding ROOQ in bringing this technology to market efficiently. ROOQ plans to expand the application of this technology beyond boxing into fitness and industrial sectors, indicating potential growth opportunities.

Arrow Electronics (NYSE:ARW) has appointed Fabian Garcia, former president of Unilever North America, to its board of directors, following the retirement of M.F. (Fran) Keeth. This change maintains the board's total to 11 members. Garcia's extensive executive experience includes leadership roles at Revlon and Colgate-Palmolive, where he drove innovation and sustainable practices. Chairman Michael J. Long highlighted Garcia's growth-oriented mindset and valuable insights. Keeth, a board member for over 16 years, is recognized for her contributions during her tenure.

Arrow Electronics (NYSE:ARW) has announced that Chris Stansbury, CFO, will present at two upcoming conferences. He will speak at the Stifel 2021 Cross Sector Insight Conference on June 8, 2021, at 1:20 P.M. ET, and at the Bank of America Merrill Lynch 2021 Global Technology Conference on June 9, 2021, at 10:00 A.M. ET. Both presentations will be available through live webcasts on the company's investor website, which will remain accessible for two weeks post-event. Arrow Electronics reported $29 billion in sales for 2020 and serves over 180,000 technology manufacturers.

Arrow Electronics (NYSE:ARW) reported a strong first-quarter 2021, with sales of $8.39 billion, up 31% from $6.38 billion in Q1 2020. Net income surged to $206 million ($2.72 per share), compared to $50 million in the previous year. The components segment led with $6.44 billion in sales, a 42% annual increase. The company expects Q2 sales between $8.1 billion and $8.7 billion, with net income per share forecasted at $2.67 to $2.83.

Strong performance attributed to effective demand management and a robust operating model.

Arrow Electronics (NYSE:ARW) will host a conference call on May 6, 2021, at 1:00 PM ET to discuss its first-quarter 2021 financial results. Interested parties can register at directeventreg.com. A replay will be available shortly after the call for one year at investor.arrow.com.

Arrow Electronics (NYSE:ARW) has entered an agreement with NVIDIA to distribute its professional visualization product portfolio. This collaboration enhances Arrow's extensive services for designers and engineers, addressing the increasing demand in sectors such as product design, architecture, and media. Salesh Rampersad, president of Arrow’s global services, noted the need for integrated solutions in the evolving work environment. NVIDIA's Geoff Fancher emphasized that this partnership will help Arrow cater to the growing requirements for remote work and advanced graphics workflows.

Arrow Electronics (NYSE:ARW) has announced that HPE GreenLake cloud services are now available through its ArrowSphere cloud marketplace. These services are accessible in over 35 countries and will simplify hybrid cloud solutions for thousands of channel partners and customers. HPE GreenLake provides flexible cloud services for various applications, enhancing ArrowSphere's offerings. This integration allows resellers to manage cloud services seamlessly, boosting digital transformation for their clients. Arrow's 2020 sales reached $29 billion, evidencing its strong market position.

Arrow Electronics (NYSE:ARW) announced that Chris Stansbury, senior vice president and CFO, will speak at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 12:30 P.M. Eastern Time. The presentation will be available through a live webcast on investor.arrow.com, with access lasting two weeks after the event.

Arrow Electronics generates innovative technology solutions, supporting over 180,000 manufacturers and service providers, and had 2020 sales of $29 billion. More information can be found at fiveyearsout.com.