Welcome to our dedicated page for Arrow Electronics news (Ticker: ARW), a resource for investors and traders seeking the latest updates and insights on Arrow Electronics stock.
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 record fourth-quarter sales of $9.02 billion, up 7% year-over-year, with net income of $371 million or $5.26 per share. Non-GAAP earnings per share were $5.37. Full-year sales of $34.48 billion represented a 20% increase. The company returned $900 million to shareholders through stock repurchases in 2021. For Q1 2022, Arrow forecasts sales between $8.35 billion and $8.95 billion and net income per share of $4.32 to $4.48, despite anticipated foreign exchange impacts.
Arrow Electronics has entered into a partnership with Israeli company Appletec to exclusively produce compact camera modules (CCMs) for embedded applications. These CCMs are designed for various sectors including industrial, medical, and automotive, enhancing products with embedded vision capabilities. Initial offerings include fixed focus models with resolutions up to 4MP and frame rates reaching 360fps. The partnership aims to accelerate development times by offering customizable solutions and software support, leveraging complementary technologies.
Arrow Electronics (NYSE:ARW) will host a conference call on February 3, 2022, at 1:00 PM ET to discuss its fourth-quarter and full-year 2021 financial results. Interested parties can register for the event online for dial-in information or access the live webcast at investor.arrow.com. A replay of the conference call will be available shortly after the event, accessible for one year. In 2020, Arrow reported sales of $29 billion, providing technology solutions for over 180,000 manufacturers and service providers.
Arrow Electronics (NYSE:ARW) has received approval from its Board of Directors to initiate a new $600 million share repurchase program, building on previous buybacks totaling $2 billion between 2016 and 2021. The company's chairman, Michael J. Long, emphasized the ability to return cash to shareholders through effective management of growth and profitability, having reduced shares outstanding by 21% over the past five years. The timing and extent of buybacks will depend on market conditions, and the program may be terminated at any time.
Arrow Electronics (NYSE: ARW) expands its ArrowSphere platform by adding Metallic DMaaS Backup and Recovery solutions, enhancing global data management capabilities. Developed by Commvault, Metallic offers enterprise-grade data protection across various environments including Microsoft 365 and Salesforce. The partnership with Microsoft strengthens the integration, ensuring swift recovery from data loss and cyberattacks. Kristin Russell emphasizes that this addition will accelerate customers' transition to the cloud, providing streamlined services for channel partners.
Arrow Electronics has launched a new range of camera mezzanine modules designed for rapid development of AI and conventional vision solutions. The plug-and-play modules, based on onsemi sensor technology, aim to facilitate the transition from prototype to mass production for OEMs. The lineup includes models like the SRT-VISION96-AR0430 with 4MP resolution, focusing on applications in AI and security. Each module features an onsemi AP1302 image signal processor to enhance performance, supporting sensors up to 13 MP, thus catering to diverse product requirements.
Arrow Electronics has launched the PSoC™ 64 IoT Security Workshop Development Kit, its first PSA Certified platform. This kit accelerates secure system development using accepted cybersecurity methodologies and facilitates compliance with emerging IoT legislation, including NIST 8259A and EN 303 645. The platform, co-developed with Infineon, enhances security for IoT devices and simplifies programming and management of devices via AWS Cloud. It ensures that devices meet the PSA Certified security goals, promoting robust cyber-protection for the device lifecycle.
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