Articles from Arrow Electronics, Inc.

Arrow Electronics, Inc. (NYSE:ARW) today announced the launch of Capstone, a global business dedicated to interconnect, passive and electromechanical (IP&E) products, solutions and services. With Capstone, Arrow creates a focused and specialized go-to-market approach for IP&E as that technology segment becomes more critical for system performance, reliability and supply continuity.

Arrow Electronics, Inc. (NYSE:ARW) announced the release of its inaugural Environmental, Social and Governance (ESG) report today, at www.arrow.com/esg. The report expands on prior Corporate Social Responsibility (CSR) reports and details ESG performance in 2021 as well as goals for 2022 and beyond.

Arrow Electronics, Inc. (NYSE:ARW) announced the departure of Christopher D. Stansbury, senior vice president and chief financial officer, effective Apr. 1, 2022.

Arrow Electronics, Inc. (NYSE:ARW) announced the company will host a conference call to discuss fourth-quarter and full-year 2021 financial results on Feb. 3, 2022, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSE:ARW) announced today the approval by the company’s Board of Directors of the repurchase of up to an additional $600 million of common stock through a share repurchase program. In the five years from the fourth quarter of 2016 to the third quarter of 2021, the company repurchased approximately $2 billion worth of shares.

Arrow Electronics, Inc. (NYSE:ARW) announced that Chris Stansbury, senior vice president and chief financial officer, will present at the 2021 Wells Fargo TMT Summit on Nov. 30, 2021 at 10:00 A.M. Eastern Time. Mr. Stansbury will also present at the Raymond James 2021 Technology Investors Conference on Dec. 7, 2021 at 10:30 A.M. Eastern Time.

Arrow Electronics, Inc. (NYSE:ARW) today reported third-quarter 2021 sales of $8.51 billion, an increase of 18 percent from sales of $7.23 billion in the third quarter of 2020. Third-quarter net income was $290 million, or $4.00 per share on a diluted basis, compared with a net income of $166 million, or $2.13 per share on a diluted basis, in the third quarter of 2020. Non-GAAP net income1 was $293 million, or $4.04 per share on a diluted basis, in the third quarter of 2021, compared with non-GAAP net income of $162 million, or $2.08 per share on a diluted basis, in the third quarter of 2020.

Arrow Electronics, Inc. (NYSE:ARW) announced the company will host a conference call to discuss third-quarter 2021 financial results on Nov. 4, 2021, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSE:ARW) announced that Carol Lowe, former executive vice president and chief financial officer of FLIR Systems, Inc., has joined the company's board of directors. The addition of Ms. Lowe increases the total number of directors on the board to 12.

Arrow Electronics, Inc. (NYSE:ARW) announced that Chris Stansbury, senior vice president and chief financial officer, will present at the Citi 2021 Global Technology Virtual Conference on Sept. 14, 2021 at 1:50 P.M. Eastern Time.

Arrow Electronics, Inc. (NYSE:ARW) today reported second-quarter 2021 sales of $8.56 billion, an increase of 30 percent from sales of $6.61 billion in the second quarter of 2020. Second-quarter net income was $241 million, or $3.23 per share on a diluted basis, compared with a net income of $133 million, or $1.68 per share on a diluted basis, in the second quarter of 2020. Non-GAAP net income1 was $249 million, or $3.34 per share on a diluted basis, in the second quarter of 2021, compared with non-GAAP net income of $126 million, or $1.59 per share on a diluted basis, in the second quarter of 2020.

Arrow Electronics, Inc. (NYSE:ARW) announced the company will host a conference call to discuss second-quarter 2021 financial results on Aug. 5, 2021, at 1:00 PM ET.

Arrow Electronics, Inc. (NYSE:ARW) announced that Fabian Garcia, president, Unilever North America, and a member of the Unilever Leadership Executive Team, has joined the company's board of directors. The addition of Mr. Garcia and the retirement of M.F. (Fran) Keeth leaves the total number of directors on the board at 11.

Arrow Electronics, Inc. (NYSE:ARW) announced that Chris Stansbury, senior vice president and chief financial officer, will present at the Stifel 2021 Cross Sector Insight Conference on June 8, 2021 at 1:20 P.M. Eastern Time. Mr. Stansbury will also present at the Bank of America Merrill Lynch 2021 Global Technology Conference on June 9, 2021 at 10:00 A.M. Eastern Time.

Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2021 sales of $8.39 billion, an increase of 31 percent from sales of $6.38 billion in the first quarter of 2020. First-quarter net income was $206 million, or $2.72 per share on a diluted basis, compared with a net income of $50 million, or $0.61 per share on a diluted basis, in the first quarter of 2020. Non-GAAP net income1 was $216 million, or $2.84 per share on a diluted basis, in the first quarter of 2021, compared with non-GAAP net income of $79 million, or $0.97 per share on a diluted basis, in the first quarter of 2020.

Arrow Electronics, Inc. (NYSE:ARW) announced the company will host a conference call to discuss first-quarter 2021 financial results on May 6, 2021, at 1:00 PM ET.