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Arrow Electronics, Inc. (NYSE: ARW) is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. With a robust portfolio that spans the world's most critical technologies, Arrow Electronics supports everything from automotive systems to everyday household gadgets. The company leverages its extensive network of suppliers and industry expertise to help businesses innovate, accelerate their time to market, and boost their competitiveness.
Founded in 1935 and headquartered in Centennial, Colorado, Arrow Electronics is a Fortune 150 company that reported sales of $33 billion in 2023. The firm employs approximately 17,000 people across more than 460 locations in 56 countries. Arrow operates through two main business segments: the Components Business and Enterprise Computing Solutions.
Arrow Electronics has earned a reputation for being a forward-thinking company, often collaborating with leading technology manufacturers to design and source the next generation of products. Their commitment to innovation is evident in their partnerships and initiatives, such as sponsoring the FIRST® Robotics Competitions and supporting STEM education programs worldwide. In 2024, Arrow continued its tradition of fostering the next generation of engineers by organizing several events, including the Colorado Regional FIRST® Robotics Competition.
Arrow also prioritizes sustainability and social responsibility. The company's 2023 ESG Report outlines its efforts and goals in environmental, social, and governance aspects, reaffirming its commitment to acting on global challenges. By integrating ESG principles into its daily operations, Arrow aims to not only achieve business objectives but also create a positive impact on the communities it serves.
Recently, Arrow teamed up with the Colorado Rockies to support youth initiatives in the Denver area, demonstrating its dedication to community engagement. This collaboration included honoring the nonprofit organization A Precious Child during the opening day of the 2024 Major League Baseball season, further showcasing Arrow’s commitment to societal welfare.
For those looking to stay updated on Arrow Electronics' latest news and developments, the company continues to be a focal point of innovation and growth in the technology sector. Learn more at arrow.com.
Arrow Electronics (NYSE:ARW) reported fourth-quarter and full-year 2024 results, with Q4 sales and earnings exceeding guidance. Q4 sales decreased 7% year-over-year to $7.28 billion, while full-year 2024 sales declined 16% to $27.92 billion. Q4 earnings per share reached $1.86 (GAAP) and $2.97 (non-GAAP).
The Global Components segment saw Q4 sales decrease 15% to $4.81 billion, while Global Enterprise Computing Solutions (ECS) segment sales increased 12% to $2.47 billion. The company generated over $1.1 billion in cash flow from operations and reduced inventory by $1.1 billion. Arrow returned $250 million to shareholders through stock repurchases.
For Q1 2025, Arrow forecasts consolidated sales between $5.98-6.58 billion and expects diluted EPS of $0.98-1.18 (GAAP) and $1.30-1.50 (non-GAAP).
Clarifai has announced a strategic partnership with Arrow Electronics (NYSE:ARW) to accelerate AI adoption across industries. The partnership establishes Arrow as Clarifai's official commercial distributor, leveraging Arrow's global distribution network to deliver end-to-end AI capabilities.
The collaboration will integrate Clarifai's advanced AI models and platform into Arrow's ecosystem, providing businesses with access to AI solutions for computer vision, natural language processing, and data labeling. Companies can utilize Clarifai's Compute Orchestration capabilities to optimize resources across cloud or on-premises environments.
Arrow will distribute Clarifai's AI solutions across various sectors, including manufacturing, healthcare, retail, and financial services. The partnership aims to streamline procurement processes and enable organizations to implement AI technology more efficiently. Clarifai's platform allows businesses to build and orchestrate AI workloads across any hardware provider, cloud provider, on-premises, or air-gapped environment.
Arrow Electronics (NYSE:ARW) has maintained its leadership position in FORTUNE's World's Most Admired Companies list, ranking first in the 'Wholesalers: Electronics and Office Equipment' category for the 12th consecutive year. This achievement marks Arrow's 25th appearance on the prestigious listing, which is compiled based on feedback from more than 15,000 executives, directors, and financial community members.
The company demonstrated exceptional performance by leading across all nine key attributes evaluated: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services, and global competitiveness.
Arrow Electronics (NYSE:ARW) has maintained its leadership position in FORTUNE's World's Most Admired Companies list, ranking first in the 'Wholesalers: Electronics and Office Equipment' category for the 12th consecutive year. This achievement marks Arrow's 25th appearance on the prestigious listing.
The ranking is determined through a comprehensive evaluation process involving input from more than 15,000 executives, directors, and financial community members. Companies are assessed across nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services, and global competitiveness.
Arrow Electronics (NYSE:ARW) has announced it will host a conference call to discuss its fourth-quarter and full-year 2024 financial results on February 6, 2025, at 1:00 p.m. ET. The company will provide a live webcast through their investor relations website, with a replay available for one year afterward.
Arrow Electronics, which reported global sales of $33 billion in 2023, specializes in sourcing and engineering technology solutions for manufacturers and service providers across major industries and markets.
Arrow Electronics (NYSE:ARW) has appointed Lawrence (Liren) Chen to its board of directors, expanding the board to 10 members. Chen, who currently serves as president, CEO, and board member of InterDigital, will also join Arrow's audit committee. He brings extensive experience from his nearly 25-year tenure at Qualcomm, where he last served as senior vice president and global head of IP, legal counsel. Chen's expertise spans technology, business strategy, product management, and global ecosystem development. He is also a member of the U.S. Chamber of Commerce China Advisory Committee and the Council for Inclusive Innovation of the U.S. Patent and Trademark Office.
Arrow Electronics has signed a new agreement with Broadcom to distribute VMware solutions in the U.S. and Canada. The partnership enables Arrow to deliver VMware private cloud infrastructure solutions through its ArrowSphere platform, including VMware Cloud Foundation, vSphere Foundation, vSAN, and vSphere Standard. Channel partners will receive immediate access to Arrow's personalized assistance, training programs, and certified resources. Arrow will also provide specialized services, sales engineering, and technical support capabilities for VMware solutions as an extension of Broadcom support.
Arrow Electronics is leading an initiative to integrate smart home technology into affordable housing through a partnership with Habitat for Humanity in Aurora, Colorado. The Mountain View Community Homes project will feature 20 homes equipped with smart devices aimed at reducing energy consumption, enhancing security, and conserving water. Resideo is contributing Honeywell Home and First Alert solutions, while Rachio is providing smart sprinkler controllers. SiliconLabs is supplying tablets pre-loaded with control apps and components. Arrow employees have contributed nearly 600 volunteer hours to the development.
Arrow Electronics has enhanced its AI-powered ArrowSphere Cloud platform with new capabilities allowing channel partners to create custom AI assistants. These assistants leverage partners' own data, workflows, content, and vendor-specific information to improve efficiency and reduce costs. The platform now includes hundreds of ready-to-use cases and prompts, designed to accelerate customization and enhance go-to-market strategies. ArrowSphere Assistant, launched in March 2024, helps users address critical aspects of cloud business including FinOps, SecOps, and sustainability. The enhanced AI capabilities are currently available in release to ArrowSphere users.
Arrow Electronics (NYSE:ARW) reported third-quarter 2024 financial results with sales of $6.8 billion, reaching the high end of guidance. Net income per diluted share was $1.88, while non-GAAP earnings per share reached $2.38. Global Components sales decreased 21% year-over-year to $4.95 billion amid ongoing inventory corrections. However, Global Enterprise Computing Solutions showed positive momentum, increasing 7% to $1.88 billion. The company reduced inventory by $125 million in Q3 and announced restructuring plans targeting $90-100 million in annual cost savings by 2026.
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