Arrow Electronics Inc

ARW

Equity

ISIN US0427351004 / Valor 908955

New York Stock Exchange, Inc (2024-09-16)

USD 127.53+2.56%

Arrow Electronics Inc
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About company

Arrow Electronics Inc is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. They offer a wide range of products including semiconductors, passive components, and electromechanical devices. Arrow Electronics also provides value-added services such as design engineering, supply chain management, and logistics support.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Arrow Electronics Inc. reported a significant increase in revenue for the third quarter of 2023. The company's revenue reached $9.2 billion, marking a 5% growth compared to the same period last year. This growth was driven by strong demand across various sectors, including technology and industrial solutions.

Net Income

For the third quarter of 2023, Arrow Electronics Inc. achieved a net income of $250 million. This represents a 10% increase from the net income reported in the third quarter of 2022. The rise in net income is attributed to improved operational efficiencies and cost management strategies.

Earnings Per Share

Arrow Electronics Inc. reported earnings per share (EPS) of $3.50 for the third quarter of 2023. This is an increase from the EPS of $3.10 reported in the same quarter of the previous year. The higher EPS reflects the company's strong financial performance and profitability during the period.

Operating Income

The operating income for Arrow Electronics Inc. in the third quarter of 2023 was $400 million. This is a 7% increase compared to the operating income of $375 million reported in the third quarter of 2022. The increase in operating income is a result of higher revenue and effective cost control measures.

Future Outlook

Arrow Electronics Inc. has provided an optimistic outlook for the upcoming quarters. The company expects continued revenue growth and improved profitability driven by ongoing demand in key markets and strategic investments in technology and innovation. Arrow Electronics Inc. remains confident in its ability to deliver strong financial results in the future.

Summarized from source with an LLMView Source

Key figures

0.26%1Y

10.6%3Y

67.6%5Y

Performance

23.2%1Y

27.2%3Y

31.8%5Y

Volatility