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. (ARW) drives innovation across industries through its electronic components distribution and enterprise computing solutions. This page aggregates official announcements, financial updates, and strategic developments from the Fortune 500 technology leader.
Investors and industry professionals will find timely updates on earnings reports, product launches, and partnerships that highlight ARW's role in enabling AI-driven mobility, industrial automation, and next-gen IT infrastructure. Our curated feed ensures access to verified information about supply chain advancements and technology deployments.
Key coverage areas include quarterly financial results, executive leadership updates, R&D breakthroughs in AI/ML applications, and global expansion initiatives. All content is sourced directly from company communications and reputable financial publications.
Bookmark this page to monitor how ARW continues bridging manufacturers with cutting-edge technologies while maintaining its position as a critical enabler of industrial and commercial innovation.
Arrow Electronics has partnered with the Colorado Rockies to support Denver-area youth during the 2024 Major League Baseball season. They honored the nonprofit A Precious Child, with Arrow employees volunteering and providing support through various initiatives. Additionally, Arrow participated in the Colorado Rockies 13th Annual STEM Day, showcasing their SAM Car and promoting STEM learning opportunities globally.
Arrow Electronics, Inc. (NYSE: ARW) reported sales of $6.9 billion in line with guidance for the first quarter of 2024. First-quarter earnings per diluted share were $1.53, with non-GAAP earnings per diluted share at $2.41. Sales decreased by 21% year over year, with global components and enterprise computing solutions experiencing declines. The company generated $403 million in cash flow from operations and repurchased approximately $100 million of shares. The second-quarter outlook includes consolidated sales of $6.20 billion to $6.80 billion and net income per share on a diluted basis of $1.65 to $1.85.
Arrow Electronics, Inc. has been selected as the sole global provider of Broadcom's CloudHealth from VMware offering, aiming to simplify financial management and operations across multi-cloud environments. Arrow will provide sales, marketing, and technical support to enhance the user experience, ensuring partners and customers get the most value from their investment. CloudHealth will be available through the ArrowSphere Cloud marketplace starting May 6, without any planned service outage. Partners and customers using the offering can seamlessly transition to Arrow's platform.
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