Articles from Arrow Electronics

Arrow Electronics, Inc. (NYSEARW) today announced financial results for its fourth quarter and fiscal year ended Dec. 31, 2024.

Please replace the release with the following corrected version due to revisions to the third paragraph.

Arrow Electronics, Inc. (NYSEARW) announced it will host a conference call to discuss fourth-quarter and full-year 2024 financial results on Feb. 6, 2025, at 1:00 p.m. ET.

Arrow Electronics, Inc. (NYSEARW) today announced that Lawrence (Liren) Chen has joined the company’s board of directors and has been appointed a member of the board’s audit committee. The addition of Chen will increase the total number of directors on the board to 10.

Arrow Electronics (NYSEARW) announced today that it has signed a new agreement with Broadcom for the distribution of VMware solutions in the U.S. and Canada.

Global technology solutions provider Arrow Electronics, Inc. (NYSEARW) has enhanced its AI-infused ArrowSphere Cloud platform, allowing channel partners to create custom AI assistants that tap their own data, workflows, content, and vendor-specific data to deliver efficiency, cost reductions, and faster market entry.

Arrow Electronics, Inc. (NYSEARW) today announced financial results for its third quarter of 2024.

Arrow Electronics, Inc. (NYSEARW), a global provider of technology solutions, and its engineering services company, eInfochips, have announced the expansion of its Automotive Centre of Excellence (CoE) with new development centres in Munich and Istanbul to better assist customers in the development of next-gen automotive products.

Arrow Electronics, Inc. (NYSEARW) announced it will host a conference call to discuss third-quarter 2024 financial results on Oct. 31, 2024, at 1:00 p.m. ET.

Global technology solutions provider Arrow Electronics, Inc. announced today the general availability of ArrowSphere Assistant, an AI-powered copilot tool that helps its channel partners optimize their customers’ cloud businesses when using the ArrowSphere Cloud platform.

Arrow Electronics, Inc. (NYSEARW) today announced financial results for its second quarter of 2024.

Arrow Electronics, Inc. (NYSEARW) announced it will host a conference call to discuss second-quarter 2024 financial results on Aug. 1, 2024, at 1:00 p.m. ET.

Arrow Electronics, Inc. (NYSEARW) and Bourns, Inc., a leading manufacturer and supplier of electronics components for power, protection, and sensing solutions, announced their strategic collaboration to assist customers in the development of high-power solutions, a critical component in advancing electrification and sustainability initiatives.

Global technology solutions provider Arrow Electronics, Inc. announced today it has been named Distribution Partner of the Year as part of the 2024 Rubrik Global Partner Awards. The Global Partner Awards highlight companies that have demonstrated excellence in delivering Rubrik-led data security solutions and innovation to their customers.

Arrow Electronics, Inc. (NYSEARW) today announced its management is scheduled to present at the Stifel Cross Sector Insight Conference on Tuesday, June 4, 2024, at the InterContinental in Boston, Mass.

Arrow Electronics, Inc. (NYSEARW) today announced financial results for its first quarter of 2024.

Global technology solutions provider Arrow Electronics, Inc. (NYSEARW) announced that Broadcom selected it as the sole provider for its CloudHealth from VMware offering. CloudHealth is designed to help businesses simplify financial management and operations (FinOps) across multi-cloud environments effectively.

Arrow Electronics, Inc. (NYSEARW) announced it will host a conference call to discuss first-quarter 2024 financial results on May 2, 2024, at 1:00 p.m. ET.

Arrow Electronics, Inc. (NYSEARW) is utilizing the onsemi™ Imager Access System (IAS) module standard for developing intelligent vision solutions for use in robotics, machine vision, commercial cameras and other uses.

Global technology solutions provider Arrow Electronics, Inc. (NYSEARW) announced today that it has launched an initial release of ArrowSphere Assistant, an AI-powered cloud business companion built to unearth new business opportunities, increase efficiencies and discover new revenue potential for channel partners managing their cloud business through ArrowSphere Cloud.

Global technology solutions provider Arrow Electronics, Inc. (NYSEARW) today announced it has evolved its award-winning ArrowSphere platform into a full-service digital experience for its customers in North America.

Arrow Electronics, Inc. (NYSEARW) and its engineering services company, eInfochips, are working with Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) to help eInfochips’ customers accelerate the development of electric vehicle (EV) chargers.

Arrow Electronics, Inc. (NYSEARW) today announced its management is scheduled to present at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024, at the JW Marriott Orlando Grande Lakes in Orlando, Fla.

Arrow Electronics, Inc. (NYSEARW) today announced financial results for its fourth quarter and fiscal year ended Dec. 31, 2023.

Arrow Electronics, Inc. (NYSEARW) has again been named to FORTUNE’s World’s Most Admired Companies list, topping the “Wholesalers: Electronics and Office Equipment” category for the 11th consecutive year.

Arrow Electronics, Inc. (NYSEARW), a global provider of technology solutions, and its engineering services company, eInfochips, have announced the expansion of its Automotive Centre of Excellence (CoE) in Egypt to assist customers in the development of next-gen automotive products.

Arrow Electronics, Inc. (NYSEARW) announced the company will host a conference call to discuss fourth-quarter and full-year 2023 financial results on Feb. 8, 2024, at 1:00 PM ET.

Global technology provider Arrow Electronics and Infinidat, a leading provider of enterprise storage solutions, have announced an agreement, enabling Infinidat to use Arrow as its primary manufacturing and fulfillment operations collaborator globally, benefiting from a global manufacturing supply chain and increased efficiencies.

Arrow Electronics, Inc. (NYSEARW), a global provider of technology solutions, and its engineering services company, eInfochips, have announced the establishment of a High-Power Centre of Excellence (CoE) in Swindon, United Kingdom. The purpose of this High-Power CoE is to assist customers in the development of high-power solutions, a critical component in advancing electrification and sustainability initiatives.

Global technology provider Arrow Electronics (NYSEARW) introduced a series of significant updates to its cloud management platform ArrowSphere to help ease multicloud and hybrid cloud monitoring. The updates are focused on three key pillars of cloud business excellence: sustainability (GreenOps), cost optimization (FinOps) and security (SecOps).

Arrow Electronics, Inc. (NYSEARW) today announced its management is scheduled to participate in the following investor events:

Arrow Electronics, Inc. (NYSEARW) today reported third-quarter 2023 sales of $8.01 billion, a decrease of 14 percent year over year. Third-quarter net income was $199 million, or $3.53 per share on a diluted basis, compared with net income of $342 million, or $5.27 per share on a diluted basis, in the third quarter of 2022. Non-GAAP net income1 was $233 million, or $4.14 per share on a diluted basis, in the third quarter of 2023, compared with non-GAAP net income of $354 million, or $5.45 per share on a diluted basis, in the third quarter of 2022. Both GAAP and non-GAAP earnings per share in the third quarter of 2023 included a $0.87 benefit related to cash received from a legal settlement in the global components business, and a $0.31 impact for a charge taken to increase accounts receivable reserves associated with a customer in the global enterprise computing solutions (ECS) business.

Arrow Electronics, Inc. (NYSEARW) announced it will host a conference call to discuss third-quarter 2023 financial results on Nov. 2, 2023, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSEARW) today announced that Rick Marano will be named president of the company’s global components business, subject to formal Board appointment at the Board’s next regularly scheduled meeting on Sept. 13, 2023.

Arrow Electronics, Inc. (NYSEARW) today announced its management is scheduled to participate in the following investor events:

Arrow Electronics, Inc. (NYSEARW) today reported second-quarter 2023 sales of $8.51 billion, a decrease of 10 percent year over year. Second-quarter net income was $237 million, or $4.12 per share on a diluted basis, compared with net income of $370 million, or $5.54 per share on a diluted basis, in the second quarter of 2022. Non-GAAP net income1 was $251 million, or $4.37 per share on a diluted basis, in the second quarter of 2023, compared with non-GAAP net income of $386 million, or $5.78 per share on a diluted basis, in the second quarter of 2022.

Arrow Electronics, Inc. (NYSEARW) announced the company will host a conference call to discuss second-quarter 2023 financial results on Aug. 3, 2023, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSEARW) and its company eInfochips have established a Robotics Center of Excellence (COE) to help customers accelerate time to market for the development of cutting-edge automation solutions for use in manufacturing, digital factories, and other industries.

Arrow Electronics, Inc. (NYSEARW) today announced management will participate in a fireside chat at the BofA Securities 2023 Global Technology Conference held at The Westin St. Francis Hotel in San Francisco, Calif., on June 7, 2023, at 2:40 P.M. Pacific Time.

Arrow Electronics, Inc. (NYSEARW) today reported first-quarter 2023 sales of $8.74 billion, a decrease of 4 percent year over year, and a decrease of 2 percent year over year on a constant currency basis1. First-quarter net income was $274 million, or $4.60 per share on a diluted basis, compared with net income of $365 million, or $5.31 per share on a diluted basis, in the first quarter of 2022. Non-GAAP net income1 was $274 million, or $4.60 per share on a diluted basis, in the first quarter of 2023, compared with non-GAAP net income of $373 million, or $5.43 per share on a diluted basis, in the first quarter of 2022. In the first quarter of 2023, changes in foreign currencies reduced sales by $203 million, and reduced earnings per share on a diluted basis by $0.13, compared to the first quarter of 2022.

Arrow Electronics, Inc. (NYSEARW) announced the company will host a conference call to discuss first-quarter 2023 financial results on May 4, 2023, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSEARW) released its second Environmental, Social, and Governance (ESG) report today, available at www.arrow.com/esg. The report expands on the prior-year ESG report, detailing ESG performance in 2022 as well as goals for 2023 and beyond.

Arrow Electronics, Inc. and Qualcomm Technologies International, Ltd. have expanded their strategic collaboration. The establishment of Edge Labs — an Arrow Center of Excellence (CoE) — will help customers accelerate the development of connected intelligent edge devices based on solutions from Qualcomm Technologies.

In the FIRST-QUARTER 2023 OUTLOOK section, the final bullet has been updated. Also, in the First-Quarter 2023 GAAP to non-GAAP Outlook Reconciliation table, in the Global components sales, constant currency line, the second % change column has been updated.

Arrow Electronics, Inc. (NYSEARW) has again been named to FORTUNE’s “World’s Most Admired Companies” list, ranking #1 in the “Wholesalers: Electronics and Office Equipment” category for the tenth consecutive year.

Arrow Electronics, Inc. (NYSEARW) announced the company will host a conference call to discuss fourth-quarter and full-year 2022 financial results on Feb. 2, 2023, at 1:00 PM ET.

Arrow Electronics (NYSEARW) has signed an agreement with Sunway Communication, a developer and manufacturer of components and modules for RF connectivity applications, that will see Arrow offering and supporting the entire Sunway portfolio throughout the Americas, Europe, Middle East and Africa.

Arrow Electronics, Inc. (NYSEARW) today reported third-quarter 2022 sales of $9.27 billion, an increase of 9 percent year over year, and an increase of 14 percent year over year on a constant currency basis1. Third-quarter net income was $342 million, or $5.27 per share on a diluted basis, compared with net income of $290 million, or $4.00 per share on a diluted basis, in the third quarter of 2021. Non-GAAP net income1 was $354 million, or $5.45 per share on a diluted basis, in the third quarter of 2022, compared with non-GAAP net income of $293 million, or $4.04 per share on a diluted basis, in the third quarter of 2021. In the third quarter of 2022, changes in foreign currencies reduced growth by approximately $380 million on sales and $0.17 on earnings per share on a diluted basis compared to the third quarter of 2021.

Student innovators from Clemson University swept to victory in the 2022 College Inventors Competition with a wireless device that protects patients from dangerous fluid pressure in the brain.

Arrow Electronics, Inc. (NYSEARW) announced the company will host a conference call to discuss third-quarter 2022 financial results on Nov. 3, 2022, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSEARW) announced today the approval by the company’s Board of Directors of the repurchase of up to an additional $600 million of common stock through its existing share repurchase program.

Arrow Electronics, Inc. (NYSEARW) announced today it has named Rajesh (Raj) K. Agrawal as senior vice president and chief financial officer, effective Sept. 6.

Arrow Electronics, Inc. (NYSEARW) today reported second-quarter 2022 sales of $9.46 billion, an increase of 10 percent from sales of $8.56 billion in the second quarter of 2021. Second-quarter net income was $370 million, or $5.54 per share on a diluted basis, compared with net income of $241 million, or $3.23 per share on a diluted basis, in the second quarter of 2021. Non-GAAP net income1 was $386 million, or $5.78 per share on a diluted basis, in the second quarter of 2022, compared with non-GAAP net income of $249 million, or $3.34 per share on a diluted basis, in the second quarter of 2021. In the second quarter of 2022, changes in foreign currencies had negative impacts on growth of approximately $291 million on sales and $0.17 on earnings per share on a diluted basis compared to the second quarter of 2021.

Arrow Electronics, Inc. (NYSEARW) announced the company will host a conference call to discuss second-quarter 2022 financial results on Aug. 4, 2022, at 1:00 PM ET.

Paralyzed racing driver Sam Schmidt drove up Goodwood Festival of Speed’s iconic 1.86km Hillclimb in Arrow Electronics’ Semi-Autonomous Motorcar (SAM Car) on 24 June, as part of the ‘FOS Highlights and FIA Batch 5 / BMW M, Sports Racers & Modern GTs’.

Arrow Electronics (NYSEARW) today announced its new Data Analytics & Network Innovation Project, otherwise known as the ‘DANI Project,’ helping to improve the lives of wheelchair users and those with limited mobility. Arrow unveiled the project at ChangeNOW, a three-day international summit in Paris (19-21 May) that brings together visionaries and leading innovators, who share their innovations and solutions to protect the planet and make life more sustainable.

Arrow Electronics, Inc. (NYSEARW) today announced that Kirk Schell has been named president of the company’s global components business.

Arrow Electronics, Inc. (NYSEARW) today reported first-quarter 2022 sales of $9.07 billion, an increase of 8 percent from sales of $8.39 billion in the first quarter of 2021. First-quarter net income was $365 million, or $5.31 per share on a diluted basis, compared with a net income of $206 million, or $2.72 per share on a diluted basis, in the first quarter of 2021. Non-GAAP net income1 was $373 million, or $5.43 per share on a diluted basis, in the first quarter of 2022, compared with non-GAAP net income of $216 million, or $2.84 per share on a diluted basis, in the first quarter of 2021.

Arrow Electronics, Inc. (NYSEARW) today announced Sean J. Kerins as president and chief executive officer (CEO), effective June 1, 2022, succeeding Michael J. Long who, effective June 1, 2022, will become executive chairman of the Arrow board of directors. Additionally, Arrow Electronics, Inc. today announced Kerins will join the Arrow board of directors effective following the Annual Meeting of Shareholders on May 11, 2022.

Arrow Electronics, Inc. (NYSEARW) announced the company will host a conference call to discuss first-quarter 2022 financial results on May 5, 2022, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSEARW) today announced that Gretchen K. Zech will expand her current role and has been named chief governance, sustainability, and human resources officer of the company.

Arrow Electronics, Inc. (NYSEARW) today reported fourth-quarter 2021 sales of $9.02 billion, an increase of 7 percent from sales of $8.45 billion in the fourth quarter of 2020. Fourth-quarter 2021 net income was $371 million, or $5.26 per share on a diluted basis, compared with net income of $236 million, or $3.08 per share on a diluted basis, in the fourth quarter of 2020.

Arrow Electronics, Inc. (NYSEARW) has again been named to FORTUNE’s “World’s Most Admired Companies” list, ranking #1 in the “Wholesalers: Electronics and Office Equipment” category for the ninth consecutive year.

Arrow Electronics Inc. has signed an agreement with Israeli company Appletec under which Appletec will produce a range of compact camera modules (CCMs) exclusively for Arrow.

Arrow Electronics, Inc. (NYSEARW) announced that its award-winning cloud marketplace and management platform, ArrowSphere, has been certified ISO 27001, confirming the platform meets the highest international standards for establishing, implementing, maintaining and continually improving its information security posture.

Global technology provider Arrow Electronics (NYSEARW) is adding Metallic DMaaS (data management-as-a-service) Backup and Recovery solutions to ArrowSphere, Arrow’s award-winning cloud management platform, helping ensure availability to customers worldwide.

Global technology solutions provider Arrow Electronics, Inc. (NYSEARW) has introduced a family of plug-and-play camera modules based on sensor technology from onsemi™. The modules provide original equipment manufacturers with a simple and cost-effective path to incorporating a wide range of camera functionalities in their products.

Arrow Electronics, Inc. (NYSEARW) has unveiled the PSoC™ 64 IoT Security Workshop Development Kit, a PSA Certified platform that helps accelerate the development of secure systems using the PSA Certified trusted methodology.

A first-year engineering student from the University of Texas at Austin won the Arrow Electronics People’s Choice Award at the 2021 Collegiate Inventors Competition. The annual competition, which honored five collegiate teams for their cutting-edge research and discoveries, was held virtually Oct. 14.

Arrow Electronics (NYSEARW) announced today that ArrowSphere, its award-winning cloud marketplace and management platform, was named a Strong Performer in The Forrester New Wave™: Marketplace Development Platforms, Q4 2021 report. Arrow was among a select group of companies invited to participate in the New Wave evaluation.

Global technology solutions provider Arrow Electronics (NYSEARW) and ROOQ, an innovator in sports measurement and analytics technology, have teamed up to create the ROOQ BOX, a sensor technology that enables boxers to monitor and review their performance using data that was previously only available under laboratory conditions.