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Arrow Electronics, Inc. - ARW STOCK NEWS

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.

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Arrow Electronics, Inc. (NYSE:ARW) will host a conference call on May 2, 2024, at 1:00 p.m. ET to discuss their first-quarter 2024 financial results. A live webcast will be available on investor.arrow.com, with a replay accessible for one year.
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Arrow Electronics, Inc. (NYSE:ARW) partners with onsemi™ to develop intelligent vision solutions using the Imager Access System module standard. The collaboration aims to simplify product design complexities and offer high-performance image sensors for robotics, machine vision, and commercial cameras.
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Arrow Electronics Inc. released its annual ESG report detailing its performance in 2023 and goals for 2024. The report emphasizes the company's commitment to addressing environmental, social, and governance challenges.
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Arrow Electronics, Inc. (ARW) launches ArrowSphere Assistant, an AI-powered cloud business companion, to boost channel partners' performance and efficiency and drive cloud revenue growth. The tool streamlines workflows, provides detailed reports, recommendations, and helps uncover new business opportunities. Powered by Microsoft Azure AI, it offers deeper data insights in business, security, and financial operations, enhancing partner profitability and efficiency.
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Arrow Electronics, in partnership with the Penang Science Cluster, hosted the third annual FIRST Tech Challenge Malaysia Championship, where 22 teams from 17 local schools participated. Two teams, Pasirian Rex and Robodes, secured the top prizes and will advance to the 2024 FIRST Championship in Houston. The Penang Science Cluster plans to continue fostering opportunities for students and mentors through programs like the FIRST Tech Challenge.
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Arrow Electronics, Inc. (NYSE: ARW) expands its ArrowSphere platform into a comprehensive digital experience for North American customers. The platform offers channel partners and vendors access to Arrow's services through a single interface, with new applications tailored to enhance customer service. The platform allows quoting, purchasing, fulfillment, deployment, and management of solutions and services across various platforms. The expansion includes new applications like ArrowSphere Marketplace, ArrowSphere Deploy, ArrowSphere Cloud, ArrowSphere Connect, and ArrowSphere MyBusiness. Positive feedback highlights the platform's flexibility, ease of use, and efficiency.
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Arrow Electronics and eInfochips collaborate with Infineon Technologies to accelerate development of electric vehicle chargers. The partnership aims to address challenges faced by equipment manufacturers in developing DC fast chargers by providing a reference platform with innovative products and design services.
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Arrow Electronics, Inc. (ARW) to present at Raymond James 45th Annual Institutional Investors Conference on March 4, 2024, in Orlando. Webcast available on investor.arrow.com.
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Arrow Electronics, Inc. (ARW) announced fourth-quarter sales in line with guidance, with earnings per share of $3.54 and non-GAAP earnings per share of $3.98, both above the high end of guidance. Despite challenges in electronic components and IT spending markets, full-year 2023 results were solid, with $33,107 million in consolidated sales and net income per diluted share of $15.84.
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Arrow Electronics partnered with Girls Go Circular's Women and Girls in STEM Forum to fund a Green Robot Challenge, aiming to reduce the digital gender gap in Europe. The event attracted 270 school-aged girls from 19 countries, with a team from Malta winning for developing an eco-friendly robot that removes carbon dioxide from the air. Arrow's director of corporate affairs, Christina Frantz, emphasized the importance of cultivating female STEM leaders, and Arrow's support for programs like Girls Go Circular. The Women and Girls in STEM Forum gathered over 1,200 policymakers, industry leaders, students, and educators to champion gender equality in STEM and ICT.
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FAQ

What is the current stock price of Arrow Electronics (ARW)?

The current stock price of Arrow Electronics (ARW) is $119.26 as of November 22, 2024.

What is the market cap of Arrow Electronics (ARW)?

The market cap of Arrow Electronics (ARW) is approximately 6.2B.

What is Arrow Electronics, Inc. known for?

Arrow Electronics, Inc. is known for providing products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions.

Where is Arrow Electronics headquartered?

Arrow Electronics is headquartered in Centennial, Colorado.

How many employees does Arrow Electronics have?

Arrow Electronics has approximately 17,000 employees worldwide.

What are the major business segments of Arrow Electronics?

Arrow Electronics operates through two main business segments: the Components Business and Enterprise Computing Solutions.

What was Arrow Electronics' revenue in 2023?

Arrow Electronics reported sales of $33 billion in 2023.

How does Arrow Electronics contribute to innovation?

Arrow Electronics collaborates with leading technology manufacturers to design and source next-generation products. It supports STEM education and sponsors events like the FIRST® Robotics Competitions.

What initiatives does Arrow Electronics support in the community?

Arrow Electronics supports numerous initiatives, such as youth programs with the Colorado Rockies, robotics competitions, and STEM education programs.

What are the environmental, social, and governance efforts of Arrow Electronics?

Arrow Electronics integrates ESG principles into its operations, as detailed in its 2023 ESG Report, focusing on sustainability, social responsibility, and governance.

Where can I find more information about Arrow Electronics' latest developments?

You can find more information on Arrow Electronics' website at http://www.arrow.com and stay updated with their latest news and developments.

Arrow Electronics, Inc.

NYSE:ARW

ARW Rankings

ARW Stock Data

6.23B
52.18M
0.79%
106.59%
5.03%
Electronics & Computer Distribution
Wholesale-electronic Parts & Equipment, Nec
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United States of America
CENTENNIAL