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) announced it will present at the Stifel Cross Sector Insight Conference on June 4, 2024, in Boston. The company, which reported $33 billion in sales for 2023, will have its management present at 10:55 a.m. ET. Management will also be available for one-on-one meetings with investors. The presentation can be accessed via webcast on the Arrow Electronics investor page. Arrow Electronics supports innovation for leading technology manufacturers and service providers globally.
Arrow Electronics has partnered with Resideo Technologies to integrate smart home technologies into Habitat for Humanity's new Mountain View Community in Aurora, CO. This initiative aims to provide affordable, energy-efficient, and secure housing for new homeowners. The project includes smart thermostats, air treatment systems, security cameras, and water leak detection systems, all designed to operate without increasing construction costs or adding expenses for residents. The Mountain View Community will feature 20 homes and is set to welcome homeowners by early 2025.
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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