Arrow Electronics, Inc. - ARW STOCK NEWS

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.

Arrow Electronics (NYSE:ARW) recently announced that Chris Stansbury, the CFO, will present at the 2021 Wells Fargo TMT Summit on November 30, 2021, at 10:00 A.M. ET. He will also be presenting at the Raymond James 2021 Technology Investors Conference on December 7, 2021, at 10:30 A.M. ET. Both presentations will be available via live webcasts at investor.arrow.com, with recordings accessible for one year. Arrow Electronics, a leader in technology solutions, reported $29 billion in sales for 2020.

Arrow Electronics reported third-quarter 2021 sales of $8.51 billion, up 18% from $7.23 billion in Q3 2020. Net income surged to $290 million, or $4.00 per share, compared to $166 million or $2.13 per share a year ago. Non-GAAP earnings were $4.04 per share. Global components sales rose 25% to $6.62 billion, while enterprise computing solutions fell 2% to $1.89 billion. The company expects Q4 sales between $8.55 billion and $9.15 billion, and net income per share of $4.19 to $4.35.