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Arrow Electrs Inc - ARW STOCK NEWS

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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.

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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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Arrow Electronics, Inc. (ARW) has been named to FORTUNE’s World’s Most Admired Companies list, topping the 'Wholesalers: Electronics and Office Equipment' category for the 11th consecutive year. This marks the 24th time Arrow has appeared on the listing. Arrow topped all nine key attributes in the World’s Most Admired Companies list, including innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products/services, and global competitiveness.
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Arrow Electronics, Inc. (NYSE:ARW) and eInfochips are expanding their Automotive Centre of Excellence in Egypt to support the development of next-gen automotive products. The expansion aims to address the challenges associated with connected, autonomous, and electrification technologies in the automotive industry. Arrow's recent acquisition of Avelabs further enhances the CoE's capabilities, enabling innovators to navigate the complexities of automotive electronics design.
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Arrow Electronics, Inc. (ARW) will host a conference call to discuss its fourth-quarter and full-year 2023 financial results on Feb. 8, 2024, at 1:00 PM ET. The company reported 2022 sales of $37 billion and aims to guide innovation forward for over 210,000 leading technology manufacturers and service providers. Interested parties can access the live webcast and obtain dial-in information for the conference call via the events section of investor.arrow.com. Arrow Electronics develops technology solutions that help improve business and daily life.
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FAQ

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

The current stock price of Arrow Electrs (ARW) is $111.35 as of February 21, 2025.

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

The market cap of Arrow Electrs (ARW) is approximately 5.9B.

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 Electrs Inc

NYSE:ARW

ARW Rankings

ARW Stock Data

5.85B
51.64M
0.79%
107.31%
6.32%
Electronics & Computer Distribution
Wholesale-electronic Parts & Equipment, Nec
Link
United States
CENTENNIAL