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) has announced that Chris Stansbury, CFO, will present at two upcoming conferences. He will speak at the Stifel 2021 Cross Sector Insight Conference on June 8, 2021, at 1:20 P.M. ET, and at the Bank of America Merrill Lynch 2021 Global Technology Conference on June 9, 2021, at 10:00 A.M. ET. Both presentations will be available through live webcasts on the company's investor website, which will remain accessible for two weeks post-event. Arrow Electronics reported $29 billion in sales for 2020 and serves over 180,000 technology manufacturers.
Arrow Electronics (NYSE:ARW) reported a strong first-quarter 2021, with sales of $8.39 billion, up 31% from $6.38 billion in Q1 2020. Net income surged to $206 million ($2.72 per share), compared to $50 million in the previous year. The components segment led with $6.44 billion in sales, a 42% annual increase. The company expects Q2 sales between $8.1 billion and $8.7 billion, with net income per share forecasted at $2.67 to $2.83.
Strong performance attributed to effective demand management and a robust operating model.
Arrow Electronics (NYSE:ARW) will host a conference call on May 6, 2021, at 1:00 PM ET to discuss its first-quarter 2021 financial results. Interested parties can register at directeventreg.com. A replay will be available shortly after the call for one year at investor.arrow.com.
Arrow Electronics (NYSE:ARW) has entered an agreement with NVIDIA to distribute its professional visualization product portfolio. This collaboration enhances Arrow's extensive services for designers and engineers, addressing the increasing demand in sectors such as product design, architecture, and media. Salesh Rampersad, president of Arrow’s global services, noted the need for integrated solutions in the evolving work environment. NVIDIA's Geoff Fancher emphasized that this partnership will help Arrow cater to the growing requirements for remote work and advanced graphics workflows.
Arrow Electronics (NYSE:ARW) has announced that HPE GreenLake cloud services are now available through its ArrowSphere cloud marketplace. These services are accessible in over 35 countries and will simplify hybrid cloud solutions for thousands of channel partners and customers. HPE GreenLake provides flexible cloud services for various applications, enhancing ArrowSphere's offerings. This integration allows resellers to manage cloud services seamlessly, boosting digital transformation for their clients. Arrow's 2020 sales reached $29 billion, evidencing its strong market position.
Arrow Electronics (NYSE:ARW) announced that Chris Stansbury, senior vice president and CFO, will speak at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 12:30 P.M. Eastern Time. The presentation will be available through a live webcast on investor.arrow.com, with access lasting two weeks after the event.
Arrow Electronics generates innovative technology solutions, supporting over 180,000 manufacturers and service providers, and had 2020 sales of $29 billion. More information can be found at fiveyearsout.com.
Arrow Electronics reported fourth-quarter 2020 sales of $8.45 billion, a 15% increase from 2019. Net income surged to $236 million, equating to $3.08 per share, up from $112 million or $1.36 per share last year. Global components sales reached $5.92 billion, representing a 25% year-over-year increase, with Asia-Pacific components soaring 54%. However, full-year sales decreased 1% to $28.67 billion. For Q1 2021, Arrow projects sales between $7.625 billion and $8.225 billion.
Arrow Electronics (NYSE:ARW) announced that CFO Chris Stansbury will present at the Goldman Sachs Technology and Internet Conference on February 10, 2021, at 11:20 A.M. ET. The presentation will be accessible via a live webcast on investor.arrow.com, with availability for two weeks post-event. Arrow Electronics supports over 175,000 technology manufacturers and service providers, reporting $29 billion in sales for 2019. The company is dedicated to advancing technology solutions that enhance business operations and everyday life.
Arrow Electronics (NYSE:ARW) has expanded its partnership with Amazon Web Services (AWS), allowing Arrow to resell and manage AWS accounts globally. This collaboration aims to support customers in designing and deploying IoT solutions. The integration of Arrow's resources with AWS services will enhance development for OEMs creating smart IoT devices. Arrow's expertise and its ArrowSphere platform will simplify connections to AWS services, benefiting various sectors including consumer and industrial markets.
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