Welcome to our dedicated page for Arrow Electrs news (Ticker: ARW), a resource for investors and traders seeking the latest updates and insights on Arrow Electrs stock.
Arrow Electronics, Inc. (NYSE: ARW) is a global technology solutions provider that sources and engineers technology for thousands of manufacturers and service providers. The ARW news feed highlights company announcements, financial results, strategic partnerships, leadership changes, and technology initiatives that shape its role in business-to-business electronic markets and enterprise computing solutions.
Investors and industry followers can use this page to review Arrow’s earnings press releases, which provide detail on consolidated sales, segment performance for its global components and enterprise computing solutions (ECS) businesses, and management commentary on market conditions. These releases often include non-GAAP reconciliations, constant currency comparisons, and discussion of key metrics such as gross billings in the ECS segment.
The news stream also features updates on Arrow’s collaborations and technology projects. Recent examples include support for intelligent guide glasses for visually impaired users, where Arrow provides engineering and supply chain services, and announcements about its focus on aerospace and defense technology, semiconductors, and interconnect, passive, and electromechanical components. In addition, readers will find news on Arrow’s participation in industry bodies such as the Hedera Council and the Global Technology Distribution Council.
Corporate governance and leadership developments are another recurring theme, with news items covering appointments of senior executives, interim leadership changes, and finance leadership transitions. Conference call and webcast notices for quarterly earnings discussions are also included, giving context on when management will discuss results and outlook. For anyone tracking ARW stock, this news page offers a centralized view of Arrow Electronics’ public communications and key developments over time.
Arrow Electronics (NYSE:ARW) reported record fourth-quarter sales of $9.02 billion, up 7% year-over-year, with net income of $371 million or $5.26 per share. Non-GAAP earnings per share were $5.37. Full-year sales of $34.48 billion represented a 20% increase. The company returned $900 million to shareholders through stock repurchases in 2021. For Q1 2022, Arrow forecasts sales between $8.35 billion and $8.95 billion and net income per share of $4.32 to $4.48, despite anticipated foreign exchange impacts.
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Arrow Electronics has entered into a partnership with Israeli company Appletec to exclusively produce compact camera modules (CCMs) for embedded applications. These CCMs are designed for various sectors including industrial, medical, and automotive, enhancing products with embedded vision capabilities. Initial offerings include fixed focus models with resolutions up to 4MP and frame rates reaching 360fps. The partnership aims to accelerate development times by offering customizable solutions and software support, leveraging complementary technologies.
Arrow Electronics (NYSE:ARW) will host a conference call on February 3, 2022, at 1:00 PM ET to discuss its fourth-quarter and full-year 2021 financial results. Interested parties can register for the event online for dial-in information or access the live webcast at investor.arrow.com. A replay of the conference call will be available shortly after the event, accessible for one year. In 2020, Arrow reported sales of $29 billion, providing technology solutions for over 180,000 manufacturers and service providers.
Arrow Electronics (NYSE:ARW) has received approval from its Board of Directors to initiate a new $600 million share repurchase program, building on previous buybacks totaling $2 billion between 2016 and 2021. The company's chairman, Michael J. Long, emphasized the ability to return cash to shareholders through effective management of growth and profitability, having reduced shares outstanding by 21% over the past five years. The timing and extent of buybacks will depend on market conditions, and the program may be terminated at any time.
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Arrow Electronics (NYSE: ARW) expands its ArrowSphere platform by adding Metallic DMaaS Backup and Recovery solutions, enhancing global data management capabilities. Developed by Commvault, Metallic offers enterprise-grade data protection across various environments including Microsoft 365 and Salesforce. The partnership with Microsoft strengthens the integration, ensuring swift recovery from data loss and cyberattacks. Kristin Russell emphasizes that this addition will accelerate customers' transition to the cloud, providing streamlined services for channel partners.
Arrow Electronics has launched a new range of camera mezzanine modules designed for rapid development of AI and conventional vision solutions. The plug-and-play modules, based on onsemi sensor technology, aim to facilitate the transition from prototype to mass production for OEMs. The lineup includes models like the SRT-VISION96-AR0430 with 4MP resolution, focusing on applications in AI and security. Each module features an onsemi AP1302 image signal processor to enhance performance, supporting sensors up to 13 MP, thus catering to diverse product requirements.
Arrow Electronics has launched the PSoC™ 64 IoT Security Workshop Development Kit, its first PSA Certified platform. This kit accelerates secure system development using accepted cybersecurity methodologies and facilitates compliance with emerging IoT legislation, including NIST 8259A and EN 303 645. The platform, co-developed with Infineon, enhances security for IoT devices and simplifies programming and management of devices via AWS Cloud. It ensures that devices meet the PSA Certified security goals, promoting robust cyber-protection for the device lifecycle.
Arrow Electronics (NYSE:ARW) recently announced that Chris Stansbury, the CFO, will present at the 2021 Wells Fargo TMT Summit on November 30, 2021, at 10:00 A.M. ET. He will also be presenting at the Raymond James 2021 Technology Investors Conference on December 7, 2021, at 10:30 A.M. ET. Both presentations will be available via live webcasts at investor.arrow.com, with recordings accessible for one year. Arrow Electronics, a leader in technology solutions, reported $29 billion in sales for 2020.