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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) 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.
A first-year engineering student from the University of Texas at Austin, Siddharth Thakur, won the Arrow Electronics People’s Choice Award in the 2021 Collegiate Inventors Competition for his creation, the Firebot. This remote-controlled search-and-rescue robot, valued at $2,000, is designed to locate people trapped in burning buildings. The competition recognized innovative projects from 20 students across 13 colleges, with participants receiving cash awards and mentorship opportunities. Arrow Electronics, with sales exceeding $29 billion in 2020, sponsors the competition, which promotes collegiate innovation.
Arrow Electronics (NYSE:ARW) announced that its cloud marketplace, ArrowSphere, has been recognized as a Strong Performer in The Forrester New Wave™: Marketplace Development Platforms, Q4 2021. The report highlights ArrowSphere's effectiveness for tier-two channel partners, stating it enhances cloud business efficiency. ArrowSphere received high marks in operations management, seller management, and pricing strategies. Kristin Russell, president of Arrow’s global enterprise computing solutions, expressed pride in the recognition, asserting it validates ArrowSphere's position in the market.
Arrow Electronics (NYSE:ARW) will host a conference call on November 4, 2021, at 1:00 PM ET to discuss its third-quarter 2021 financial results. Interested investors can register for the call online to obtain dial-in information. A live webcast will also be available on the company's investor website. The replay will be accessible for one year following the call.
Arrow Electronics reported $29 billion in sales for 2020, serving over 180,000 technology manufacturers and service providers.
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