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 organized a charitable event in Denver, where executives built 150 bikes for second graders at federally aided schools. This initiative, in collaboration with Wish for Wheels, aims to support underserved communities. Since its inception in 2004, Wish for Wheels has donated bikes and helmets to over 75,000 children. Arrow's president emphasized the company's commitment to community engagement, highlighting the positive impact of such events on both employees and beneficiaries. With 2022 sales reaching $37 billion, Arrow continues to guide innovation in technology solutions.
Arrow Electronics reported fourth-quarter 2022 sales of $9.32 billion, marking a 3% year-over-year increase. Net income for the quarter was $349 million or $5.66 per share, down from $371 million or $5.26 per share in Q4 2021. Non-GAAP earnings were $5.69 per share. The company announced a $1 billion share repurchase authorization following a $300 million buyback in Q4. Full-year sales were $37.12 billion, up 8% year-over-year. For Q1 2023, Arrow expects sales of $8.33 billion to $8.93 billion and diluted net income of $4.24 to $4.44 per share. Currency fluctuations negatively impacted earnings and sales growth.
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.
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