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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 (ARW) - Duke University student Daniel Collins wins the Arrow Electronics "People's Choice" award in the 2023 Collegiate Inventors Competition for his innovation, NucleoTide, a molecular diagnostic platform that uses CRISPR-based biosensors to rapidly identify marine pathogens and harmful algae blooms. The technology enables on-site ocean health monitoring and provides results in less than an hour. The global economic impact of harmful algae blooms is estimated at $8 billion annually. Collins' technology was one of 10 finalists representing colleges and universities across the United States. Winners receive cash awards and assistance in the patent approval process by the USPTO.
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Arrow Electronics, Inc. (NYSE:ARW) announced its participation in upcoming investor events, including the Wells Fargo 7th Annual TMT Summit, UBS Global Technology Conference, and Raymond James TMT & Consumer Conference. The management will present at these events and be available for one-on-one meetings with investors. The presentations will be accessible via webcast on the company's investor page.
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Arrow Electronics reports Q3 2023 sales of $8.01 billion, a decrease of 14% YoY. Net income was $199 million, or $3.53 per share, compared to $342 million, or $5.27 per share, in Q3 2022. Non-GAAP net income was $233 million, or $4.14 per share. Global components sales decreased 14% YoY, while global ECS sales decreased 10% YoY. Fourth-quarter outlook: consolidated sales of $7.50 billion to $8.10 billion, net income per share of $3.30 to $3.50.
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Remark Holdings, Inc. has announced a sales and marketing initiative with Arrow Electronics and Intel. This collaboration will expand Remark's reach to Arrow's 200,000 customers, providing them with Intel-powered AI servers that run Remark's Smart Safety Platform. Remark's real-time video analytics enhances safety and security by integrating AI models into existing video infrastructure.
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DHI Group, Inc. has hired Raime Leeby as its new Chief Financial Officer. Ms. Leeby brings over 23 years of financial experience, including working at public companies and high-growth startups. She will be responsible for the financial organization, including financial planning, accounting, financial reporting, investor relations, treasury, internal audit, and tax. DHI CEO Art Zeile praised Leeby's versatile skillset and strategic outlook. Leeby expressed excitement about executing plans to meet the company's strategic and financial goals.
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More than 800 Arrow Electronics employees from 145 offices across 34 countries participated in a sustainability challenge to reduce their carbon emissions. They saved almost 20 tons of CO2eq emissions by using alternative modes of transportation such as cycling, walking, carpooling, and public transit. Participants traveled a combined total of 146,205 kilometers by biking, walking, carpooling, or using public transit. The challenge showcased the power of collective action and the positive impacts of small changes in daily habits on the environment.
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Arrow Electronics to host conference call to discuss Q3 2023 financial results
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Arrow supports International Day of the Girl by donating to nonprofits that promote STEM education for girls.
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Arrow Electronics sponsors Colorado Technology Association's 13th annual Women in Technology conference
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Arrow Electronics supports VR Silver program for seniors in Boulder, CO, developed by Tech Pals. The program aims to deliver VR experiences to seniors regardless of financial status or physical limitations. Lessons include scuba diving, fishing, Tai Chi, nature treks, and light saber sword play. Arrow's support has made a profound difference in the lives of older adults.
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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