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.
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.
Arrow Electronics (NYSE:ARW) has appointed Carol Lowe, former CFO of FLIR Systems, to its board of directors, increasing the total count to 12 members. With extensive experience in finance, strategic planning, and IT, Lowe is expected to enhance the board's capabilities significantly. She previously served as CFO at Sealed Air Corporation and has held senior finance roles across various industries, showcasing a blend of operational and financial acumen. Arrow Electronics reported $29 billion in sales in 2020, providing technology solutions to over 180,000 clients.
Arrow Electronics has signed a global distribution agreement with Red Pitaya for its multifunction, open-source lab instruments. This partnership enables Richardson RFPD, a subsidiary of Arrow, to distribute Red Pitaya's versatile boards that replace costly lab instruments across various industries including automotive, aerospace, and telecommunications. The all-in-one boards eliminate expensive software licenses and allow customization, enhancing accessibility for development teams. This move aligns with Richardson RFPD's commitment to support design engineers with innovative solutions.
Arrow Electronics (NYSE:ARW) has announced that Chris Stansbury, senior vice president and chief financial officer, will present at the Citi 2021 Global Technology Virtual Conference on September 14, 2021, at 1:50 P.M. Eastern Time. The presentation will be available via a live webcast, which can be accessed at investor.arrow.com. Arrow Electronics reported $29 billion in sales for 2020 and continues to innovate for over 180,000 technology manufacturers and service providers.
Arrow Electronics (NYSE:ARW) reported impressive Q2 2021 results with sales rising by 30% to $8.56 billion and net income up 81% to $241 million, or $3.23 per share. Non-GAAP net income also increased significantly, reaching $249 million. Global components sales surged 40% year-over-year, led by Asia-Pacific with a 49% increase. However, global enterprise computing solutions faced a 1% decline in non-GAAP sales. The company announced a $600 million stock repurchase authorization, emphasizing its commitment to enhancing shareholder value.
Arrow Electronics, Inc. (NYSE:ARW) will host a conference call on August 5, 2021, at 1:00 PM ET to discuss its second-quarter 2021 financial results. Interested parties can register online for dial-in information or access the live webcast through the investor section of their website. The call will be followed by a replay available for one year. Arrow's 2020 sales were $29 billion, supporting over 180,000 technology manufacturers and service providers with innovative solutions aimed at enhancing business and everyday life.
Arrow Electronics (NYSE: ARW) has partnered with ROOQ to launch the ROOQ BOX, an innovative sensor technology for boxers. This device enables performance monitoring and analysis previously restricted to lab conditions, providing insights on punch count, speed, and force via a dedicated app. The collaboration showcases Arrow's expertise in hardware and logistics, aiding ROOQ in bringing this technology to market efficiently. ROOQ plans to expand the application of this technology beyond boxing into fitness and industrial sectors, indicating potential growth opportunities.
Arrow Electronics (NYSE:ARW) has appointed Fabian Garcia, former president of Unilever North America, to its board of directors, following the retirement of M.F. (Fran) Keeth. This change maintains the board's total to 11 members. Garcia's extensive executive experience includes leadership roles at Revlon and Colgate-Palmolive, where he drove innovation and sustainable practices. Chairman Michael J. Long highlighted Garcia's growth-oriented mindset and valuable insights. Keeth, a board member for over 16 years, is recognized for her contributions during her tenure.
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