Printer Friendly Version View printer-friendly version
<< Back
Arrow Electronics Reports Fourth-Quarter and Year-End 2016 Results

-- Record Full-Year Sales and Earnings Per Share --

-- Fourth-Quarter Earnings Per Share of $1.81; Non-GAAP Earnings Per Share of $2.00 --

CENTENNIAL, Colo.--(BUSINESS WIRE)--Feb. 7, 2017-- Arrow Electronics, Inc. (NYSE:ARW) today reported fourth-quarter 2016 net income of $165 million, or $1.81 per share on a diluted basis, compared with net income of $158 million, or $1.69 per share on a diluted basis, in the fourth quarter of 2015. Excluding certain items1, net income would have been $182 million, or $2.00 per share on a diluted basis, in the fourth quarter of 2016, compared with net income of $182 million, or $1.94 per share on a diluted basis, in the fourth quarter of 2015. Fourth-quarter sales of $6.44 billion decreased 5 percent from sales of $6.75 billion in the prior year. In the fourth quarter of 2016, changes in foreign currencies had negative impacts on growth of approximately $91 million or 1 percent on sales and $.04 or 2 percent on earnings per share on a diluted basis compared to the fourth quarter of 2015.

“Our digital transformation and IoT solutions spanning from sensor to sunset helped drive record full-year sales and earnings per share,” said Michael J. Long, chairman, president, and chief executive officer. “Our customers value our comprehensive portfolio of electronic components and embedded computing, datacenter, cloud, and reverse logistics solutions.”

Global components fourth-quarter sales of $4 billion grew 9 percent year over year. Fourth-quarter sales, as adjusted, grew 10 percent year over year. Americas components sales grew 4 percent year over year. Asia-Pacific components sales grew 22 percent year over year. Europe components sales declined 1 percent year over year. Sales in the region, as adjusted, grew 2 percent year over year. “Global components sales exceeded the high end of our expectations and were propelled by our investments in customer-facing sales and engineering resources,” said Mr. Long.

Global enterprise computing solutions fourth-quarter sales of $2.45 billion declined 21 percent year over year. Sales when compared to the fourth quarter of 2015 were unfavorably impacted by approximately $250 million due to a later calendar start to the fourth quarter of 2016, and by approximately $250 million from a decrease in hardware sales offset by an increase in software sales, which are recognized on a net basis. “Full-year 2016 global enterprise computing solutions operating income grew 4 percent year over year, and we believe this is the best measure of our business,” added Mr. Long.

FULL-YEAR RESULTS

Arrow’s net income for 2016 was $523 million, or $5.68 per share on a diluted basis, compared with net income of $498 million, or $5.20 per share on a diluted basis, in 2015. Excluding certain items1, net income would have been $610 million, or $6.63 per share on a diluted basis, in 2016 compared with net income of $592 million, or $6.19 per share on a diluted basis, in 2015. In 2016, sales of $23.83 billion increased 2 percent from sales of $23.28 billion in 2015. In 2016, changes in foreign currencies had negative impacts on growth of approximately $202 million, or 1 percent on sales, and $.08, or 1 percent, on earnings per share on a diluted basis compared to 2015.

“We delivered record results in 2016, and our business is increasingly differentiated from the competition. We have a built a solid foundation for 2017 and into the future,” said Mr. Long.

“Cash flow from operations was $356 million in 2016 approximating our cash flow target,” said Chris Stansbury, senior vice president and chief financial officer. “In the fourth quarter we reduced net leverage and we returned approximately $49 million to shareholders through our stock repurchase program. In 2016 we returned approximately $200 million to shareholders through our stock repurchase program. We had approximately $520 million of remaining authorization under our share repurchase programs at the end of the year.”

1 A reconciliation of non-GAAP adjusted financial measures, including sales, as adjusted, operating income, as adjusted, net income attributable to shareholders, as adjusted, and net income per share, as adjusted, to GAAP financial measures is presented in the reconciliation tables included herein.

GUIDANCE

“As we look to the first quarter, we believe that total sales will be between $5.375 billion and $5.775 billion, with global components sales between $3.775 billion and $3.975 billion, and global enterprise computing solutions sales between $1.6 billion and $1.8 billion. As a result of this outlook, we expect earnings per share on a diluted basis, to be in the range of $1.18 to $1.30, and earnings per share on a diluted basis, excluding any charges, to be in the range of $1.37 to $1.49 per share. Our guidance assumes an average tax rate in the range of 27 to 29 percent and average diluted shares outstanding are expected to be 91 million. We are expecting the average USD-to-Euro exchange rate for the first quarter to be approximately $1.07 to €1. We estimate changes in foreign currencies will have negative impacts on growth of approximately $70 million, or 1 percent on sales, and $.03, or 2 percent, on earnings per share on a diluted basis compared to the first quarter of 2016,” said Mr. Stansbury.

Please refer to the CFO commentary, which can be found at investor.arrow.com, as a supplement to the company’s earnings release.

Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 465 locations serving over 90 countries.

Information Relating to Forward-Looking Statements

This press release includes forward-looking statements that are subject to numerous assumptions, risks, and uncertainties, which could cause actual results or facts to differ materially from such statements for a variety of reasons, including, but not limited to: industry conditions, the company's implementation of its new enterprise resource planning system, changes in product supply, pricing and customer demand, competition, other vagaries in the global components and global enterprise computing solutions markets, changes in relationships with key suppliers, increased profit margin pressure, the effects of additional actions taken to become more efficient or lower costs, risks related to the integration of acquired businesses, changes in legal and regulatory matters, and the company’s ability to generate additional cash flow. Forward-looking statements are those statements which are not statements of historical fact. These forward-looking statements can be identified by forward-looking words such as "expects," "anticipates," "intends," "plans," "may," "will," "believes," "seeks," "estimates," and similar expressions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update publicly or revise any of the forward-looking statements.

For a further discussion of factors to consider in connection with these forward-looking statements, investors should refer to Item 1A Risk Factors of the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2016.

Certain Non-GAAP Financial Information

In addition to disclosing financial results that are determined in accordance with accounting principles generally accepted in the United States (“GAAP”), the company also provides certain non-GAAP financial information relating to sales, operating income, net income attributable to shareholders, and net income per basic and diluted share. The company provides sales on a non-GAAP basis adjusted for the impact of changes in foreign currencies and the impact of acquisitions by adjusting the company's operating results for businesses acquired, including the amortization expense related to acquired intangible assets, as if the acquisitions had occurred at the beginning of the earliest period presented (referred to as "impact of acquisitions"). Operating income, net income attributable to shareholders, and net income per basic and diluted share are adjusted for certain charges, credits, gains, and losses that the company believes impact the comparability of its results of operations. These charges, credits, gains, and losses arise out of the company’s efficiency enhancement initiatives, acquisitions (including intangible assets amortization expense), loss on prepayment of debt, and (gain)/loss on investments. A reconciliation of the company’s non-GAAP financial information to GAAP is set forth in the tables below.

The company believes that such non-GAAP financial information is useful to investors to assist in assessing and understanding the company’s operating performance and underlying trends in the company’s business because management considers these items referred to above to be outside the company’s core operating results. This non-GAAP financial information is among the primary indicators management uses as a basis for evaluating the company’s financial and operating performance. In addition, the company’s Board of Directors may use this non-GAAP financial information in evaluating management performance and setting management compensation.

The presentation of this additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for, or alternative to, sales, operating income, net income and net income per basic and diluted share determined in accordance with GAAP. Analysis of results and outlook on a non-GAAP basis should be used as a complement to, and in conjunction with, data presented in accordance with GAAP.

 
ARROW ELECTRONICS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands except per share data)
(Unaudited)
       
Quarter Ended Year Ended
December 31, 2016     December 31, 2015 December 31, 2016     December 31, 2015
 
Sales $ 6,442,891 $ 6,751,342 $ 23,825,261 $ 23,282,020
Costs and expenses:
Cost of sales 5,619,543 5,912,376 20,681,062 20,246,770
Selling, general, and administrative expenses 518,329 529,089 2,052,863 1,986,249
Depreciation and amortization 37,679 37,900 159,195 155,754
Restructuring, integration, and other charges   12,441   17,666   73,602   68,765
  6,187,992   6,497,031   22,966,722   22,457,538
Operating income 254,899 254,311 858,539 824,482
Equity in earnings of affiliated companies 2,179 2,147 7,573 7,037
Gain on sale of investment 2,008
Loss on prepayment of debt 2,943
Interest and other financing expense, net 38,887 34,442 150,715 135,401
Other expense, net     1,500     3,000
Income before income taxes 218,191 220,516 715,397 692,183
Provision for income taxes   53,233   61,108   190,674   191,697
Consolidated net income 164,958 159,408 524,723 500,486
Noncontrolling interests   440   916   1,973   2,760
Net income attributable to shareholders $ 164,518 $ 158,492 $ 522,750 $ 497,726
 
Net income per share:
Basic 1.84 1.71 5.75 5.26
Diluted 1.81 1.69 5.68 5.20
 
Weighted average shares outstanding:
Basic 89,596 92,731 90,960 94,608
Diluted 90,692 94,039 92,033 95,686
 
 
ARROW ELECTRONICS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands except par value)
       
December 31, 2016 December 31, 2015
ASSETS
Current assets:
Cash and cash equivalents $ 534,320 $ 273,090
Accounts receivable, net 6,746,687 6,161,418
Inventories, net 2,855,645 2,466,490
Other current assets   180,069     285,473  
Total current assets   10,316,721     9,186,471  
Property, plant, and equipment, at cost:
Land 23,456 23,547
Buildings and improvements 175,141 162,011
Machinery and equipment   1,297,657     1,250,115  
1,496,254 1,435,673
Less: Accumulated depreciation and amortization   (739,955 )   (735,495 )
Property, plant, and equipment, net   756,299     700,178  
Investments in affiliated companies 88,401 73,376
Intangible assets, net 336,882 389,326
Goodwill 2,392,220 2,368,832
Other assets   315,843     303,747  
Total assets $ 14,206,366   $ 13,021,930  
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 5,774,151 $ 5,192,665
Accrued expenses 821,244 819,463
Short-term borrowings, including current portion of long-term debt   93,827     44,024  
Total current liabilities   6,689,222     6,056,152  
Long-term debt 2,696,334 2,380,575
Other liabilities 355,190 390,392
Equity:
Shareholders' equity:
Common stock, par value $1:
Authorized – 160,000 shares in both 2016 and 2015
Issued – 125,424 shares in both 2016 and 2015 125,424 125,424
Capital in excess of par value 1,112,114 1,107,314
Treasury stock (36,511 and 34,501 shares in 2016 and 2015, respectively), at cost (1,637,476 ) (1,480,069 )
Retained earnings 5,197,230 4,674,480
Accumulated other comprehensive loss   (383,854 )   (284,706 )
Total shareholders' equity 4,413,438 4,142,443
Noncontrolling interests   52,182     52,368  
Total equity   4,465,620     4,194,811  
Total liabilities and equity $ 14,206,366   $ 13,021,930  
 
 
ARROW ELECTRONICS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
   
Quarter Ended
December 31, 2016     December 31, 2015
Cash flows from operating activities:
Consolidated net income $ 164,958 $ 159,408
Adjustments to reconcile consolidated net income to net cash provided by operations:
Depreciation and amortization 37,679 37,900
Amortization of stock-based compensation 10,042 13,491
Equity in earnings of affiliated companies (2,179 ) (2,147 )
Deferred income taxes (2,061 ) (21,048 )
Excess tax benefits from stock-based compensation arrangements (96 )

(48

)
Other 1,508 2,837
Change in assets and liabilities, net of effects of acquired businesses:
Accounts receivable (972,399 ) (1,125,272 )
Inventories (286,306 ) 2,100
Accounts payable 1,095,530 1,352,100
Accrued expenses 149,935 128,867
Other assets and liabilities   23,443     (4,053 )
Net cash provided by operating activities   220,054     544,135  
 
Cash flows from investing activities:
Purchase price adjustment (cash consideration paid for acquired businesses) 4,195 (1,821 )
Acquisition of property, plant, and equipment (38,354 ) (41,744 )
Proceeds from sale of facilities       3,496  
Net cash used for investing activities   (34,159 )   (40,069 )
 
Cash flows from financing activities:
Change in short-term and other borrowings 16,743 (42,576 )
Repayment of long-term bank borrowings, net (7,000 ) (366,700 )
Proceeds from exercise of stock options 2,281 178
Excess tax benefits from stock-based compensation arrangements 96 48
Repurchases of common stock (49,268 ) (149,833 )
Other   (190 )   (1,937 )
Net cash used for financing activities   (37,338 )   (560,820 )
Effect of exchange rate changes on cash   1,348     (6,900 )
Net increase (decrease) in cash and cash equivalents 149,905 (63,654 )
Cash and cash equivalents at beginning of period   384,415     336,744  
Cash and cash equivalents at end of period $ 534,320   $ 273,090  
 
 
ARROW ELECTRONICS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
 
    Year Ended
December 31, 2016     December 31, 2015
Cash flows from operating activities:
Consolidated net income $ 524,723 $ 500,486
Adjustments to reconcile consolidated net income to net cash provided by operations:
Depreciation and amortization 159,195 155,754
Amortization of stock-based compensation 39,825 47,274
Equity in earnings of affiliated companies (7,573 ) (7,037 )
Deferred income taxes 28,130 5,833
Gain on sale of investment (2,008 )
Excess tax benefits from stock-based compensation arrangements (5,049 ) (5,911 )
Other 5,972 10,894
Change in assets and liabilities, net of effects of acquired businesses:
Accounts receivable (636,944 ) (68,990 )
Inventories (403,980 ) (42,790 )
Accounts payable 582,165 33,398
Accrued expenses 47,020 56,139
Other assets and liabilities   22,322     (27,963 )
Net cash provided by operating activities   355,806     655,079  
 
Cash flows from investing activities:
Cash consideration paid for acquired businesses (64,751 ) (514,731 )
Acquisition of property, plant, and equipment (164,695 ) (154,800 )
Proceeds from sale of facilities 3,496
Proceeds from sale of investment 2,008
Other   (12,000 )    
Net cash used for investing activities   (241,446 )   (664,027 )
 
Cash flows from financing activities:
Change in short-term and other borrowings 48,684 (46,645 )
Proceeds from (repayment of) long-term bank borrowings, net 313,000 (128,000 )
Net proceeds from note offering 688,162
Redemption of notes (254,313 )
Proceeds from exercise of stock options 18,967 14,900
Excess tax benefits from stock-based compensation arrangements 5,049 5,911
Repurchases of common stock (216,446 ) (356,434 )
Other   (3,190 )   (7,768 )
Net cash provided by (used for) financing activities   166,064     (84,187 )
Effect of exchange rate changes on cash   (19,194 )   (34,130 )
Net increase (decrease) in cash and cash equivalents 261,230 (127,265 )
Cash and cash equivalents at beginning of period   273,090     400,355  
Cash and cash equivalents at end of period $ 534,320   $ 273,090  
 
 
ARROW ELECTRONICS, INC.
NON-GAAP SALES RECONCILIATION
(In thousands)
(Unaudited)
    Quarter Ended    
December 31, 2016     December 31, 2015 % Change
 
Consolidated sales, as reported $ 6,442,891 $ 6,751,342 (4.6

)

%

Impact of changes in foreign currencies (91,058 )
Impact of acquisitions     66,777  
Consolidated sales, as adjusted $ 6,442,891 $ 6,727,061   (4.2

)

%

 
Global components sales, as reported $ 3,995,491 $ 3,668,804 8.9

 

%

Impact of changes in foreign currencies (26,949 )
Impact of acquisitions     4,850  
Global components sales, as adjusted $ 3,995,491 $ 3,646,705   9.6

 

%

 
Europe components sales, as reported $ 963,349 $ 972,125 (0.9

)

%

Impact of changes in foreign currencies (28,341 )
Impact of acquisitions     143  
Europe components sales, as adjusted $ 963,349 $ 943,927   2.1

 

%

 
Asia components sales, as reported $ 1,487,816 $ 1,215,242 22.4

 

%

Impact of changes in foreign currencies 786
Impact of acquisitions      
Asia components sales, as adjusted $ 1,487,816 $ 1,216,028   22.4

 

%

 
Global ECS sales, as reported $ 2,447,400 $ 3,082,538 (20.6

)

%

Impact of changes in foreign currencies (64,108 )
Impact of acquisitions     61,927  
Global ECS sales, as adjusted $ 2,447,400 $ 3,080,357   (20.5

)

%

 
Europe ECS sales, as reported $ 818,363 $ 1,054,926 (22.4

)

%

Impact of changes in foreign currencies (70,254 )
Impact of acquisitions      
Europe ECS sales, as adjusted $ 818,363 $ 984,672   (16.9

)

%

 
Americas ECS sales, as reported $ 1,629,037 $ 2,027,612 (19.7

)

%

Impact of changes in foreign currencies 6,145
Impact of acquisitions     61,927  
Americas ECS sales, as adjusted $ 1,629,037 $ 2,095,684   (22.3

)

%

 
 
ARROW ELECTRONICS, INC.
NON-GAAP SALES RECONCILIATION
(In thousands)
(Unaudited)
       
Year Ended
December 31, 2016     December 31, 2015 % Change
 
Consolidated sales, as reported $ 23,825,261 $ 23,282,020 2.3

 

%

Impact of changes in foreign currencies (201,764 )
Impact of acquisitions   48,148   680,798  
Consolidated sales, as adjusted $ 23,873,409 $ 23,761,054   0.5

 

%

 
Global components sales, as reported $ 15,408,839 $ 14,405,793 7.0

 

%

Impact of changes in foreign currencies (79,175 )
Impact of acquisitions   9,711   338,553  
Global components sales, as adjusted $ 15,418,550 $ 14,665,171   5.1

 

%

 
Europe components sales, as reported $ 4,086,607 $ 3,874,744 5.5

 

%

Impact of changes in foreign currencies (52,718 )
Impact of acquisitions     104,634  
Europe components sales, as adjusted $ 4,086,607 $ 3,926,660   4.1

 

%

 
Asia components sales, as reported $ 5,400,429 $ 4,720,210 14.4

 

%

Impact of changes in foreign currencies (22,458 )
Impact of acquisitions     211,745  
Asia components sales, as adjusted $ 5,400,429 $ 4,909,497   10.0

 

%

 
Global ECS sales, as reported $ 8,416,422 $ 8,876,227 (5.2 )%
Impact of changes in foreign currencies (122,589 )
Impact of acquisitions   38,437   342,245  
Global ECS sales, as adjusted $ 8,454,859 $ 9,095,883   (7.0

)

%

 
Europe ECS sales, as reported $ 2,686,078 $ 2,913,995 (7.8

)

%

Impact of changes in foreign currencies (111,522 )
Impact of acquisitions      
Europe ECS sales, as adjusted $ 2,686,078 $ 2,802,473  

(4.2

)

%

 
Americas ECS sales, as reported $ 5,730,344 $ 5,962,232 (3.9

)

%

Impact of changes in foreign currencies (11,067 )
Impact of acquisitions   38,437   342,245  
Americas ECS sales, as adjusted $ 5,768,781 $ 6,293,410   (8.3

)

%

 
 
ARROW ELECTRONICS, INC.
NON-GAAP EARNINGS RECONCILIATION
(In thousands except per share data)
(Unaudited)
 
Three months ended December 31, 2016
   

Reported
GAAP
measure

    Intangible
amortization
expense
    Restructuring
& Integration
charges
    Other*     Non-GAAP
measure
Operating income $ 254,899 $ 13,634 $ 12,441 $ $ 280,974
Income before income taxes 218,191 13,634 12,441 244,266
Provision for income taxes 53,233 4,870 3,733 61,836
Consolidated net income 164,958 8,764 8,708 182,430
Noncontrolling interests 440 336 776
Net income attributable to shareholders $ 164,518 $ 8,428 $ 8,708 $ $ 181,654
Net income per diluted share 1.81 0.09 0.10 2.00
Effective tax rate 24.4 % 25.3 %
                               
Three months ended December 31, 2015
Reported
GAAP
measure
Intangible
amortization
expense
Restructuring
& Integration
charges
Other* Non-GAAP
measure
Operating income $ 254,311 11,743 17,666 283,720
Income before income taxes 220,516 11,743 17,666 1,500 251,425
Provision for income taxes 61,108 2,206 4,467 579 68,360
Consolidated net income 159,408 9,537 13,199 921 183,065
Noncontrolling interests 916 916
Net income attributable to shareholders $ 158,492 9,537 13,199 921 182,149
Net income per diluted share 1.69 0.10 0.14 0.01 1.94
Effective tax rate 27.7 % 27.2 %
                               
Year Ended December 31, 2016
Reported
GAAP
measure
Intangible
amortization
expense
Restructuring
& Integration
charges
Other* Non-GAAP
measure
Operating income $ 858,539 54,886 73,602 987,027
Income before income taxes 715,397 54,886 73,602 843,885
Provision for income taxes 190,674 17,226 22,977 230,877
Consolidated net income 524,723 37,660 50,625 613,008
Noncontrolling interests 1,973 1,275 3,248
Net income attributable to shareholders $ 522,750 36,385 50,625 609,760
Net income per diluted share 5.68 0.40 0.55 6.63
Effective tax rate 26.7 % 27.4 %
                               
Year Ended December 31, 2015
Reported
GAAP
measure
Intangible
amortization
expense
Restructuring
& Integration
charges
Other* Non-GAAP
measure
Operating income $ 824,482 51,036 68,765 944,283
Income before income taxes 692,183 51,036 68,765 3,935 815,919
Provision for income taxes 191,697 9,780 17,461 1,952 220,890
Consolidated net income 500,486 41,256 51,304 1,983 595,029
Noncontrolling interests 2,760 2,760
Net income attributable to shareholders $ 497,726 41,256 51,304 1,983 592,269
Net income per diluted share 5.20 0.43 0.54 0.02 6.19
Effective tax rate 27.7 % 27.1 %
                               
*Other includes gain/loss on sale of investments and loss on prepayment of debt.
 
 
ARROW ELECTRONICS, INC.
SEGMENT INFORMATION
(In thousands)
(Unaudited)
           
Quarter Ended Year Ended
December 31, 2016     December 31, 2015 December 31, 2016     December 31, 2015
Sales:
Global components $ 3,995,491 $ 3,668,804 $ 15,408,839 $ 14,405,793
Global ECS   2,447,400     3,082,538     8,416,422     8,876,227  
Consolidated $ 6,442,891   $ 6,751,342   $ 23,825,261   $ 23,282,020  
Operating income (loss):
Global components $ 161,804 $ 149,940 $ 686,466 $ 649,396
Global ECS 158,011 173,919 441,803 424,063
Corporate (a)   (64,916 )   (69,548 )   (269,730 )   (248,977 )
Consolidated $ 254,899   $ 254,311   $ 858,539   $ 824,482  
 
(a)   Includes restructuring, integration, and other charges of $12.4 million and $73.6 million for the fourth quarter and Year Ended 2016 and $17.7 million and $68.8 million for the fourth quarter and Year Ended 2015, respectively.
 
 
NON-GAAP SEGMENT RECONCILIATION
           
Quarter Ended Year Ended
December 31, 2016     December 31, 2015 December 31, 2016     December 31, 2015
Global components operating income, as reported $161,804 $ 149,940 $ 686,466 $ 649,396
Intangible assets amortization expense 7,497   6,657   31,621   27,125
Global components operating income, as adjusted $169,301   $ 156,597   $ 718,087   $ 676,521
Global ECS operating income, as reported $158,011 $ 173,919 $ 441,803 $ 424,063
Intangible assets amortization expense 6,137   5,086   23,265   23,911
Global ECS operating income, as adjusted $164,148   $ 179,005   $ 465,068   $ 447,974
 

Source: Arrow Electronics, Inc.

Arrow Electronics, Inc.
Steven O’Brien,
Vice President, Investor Relations
303-824-4544
or
Media Contact:
John Hourigan,
Vice President, Global Communications
303-824-4586

$80.24+0.72(0.91%)
Stock chart for: ARW.  Currently trading at $80.24 with a 52 week high of $84.53 and a 52 week low of $58.51.
Data provided by Nasdaq. Minimum 15 minutes delay

Interactive Analyst Center

Use our Interactive Analyst Center to access information that may be downloaded to Excel. This information includes:

  • Operational Drivers
  • Segment Reporting
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Investor Tool Kit

Print PagePrint Page
E-mail PageE-mail Page
RSS FeedsRSS Feeds
Share Page
X
Share Page
E-mail AlertsE-mail Alerts
Financial Tear SheetFinancial Tear Sheet
Arrow Fact SheetArrow Fact Sheet

Contact Investor Relations

Steven O'Brien
Vice President, Investor Relations
9201 East Dry Creek Road
Centennial, CO 80112
Phone: 303-824-4544
Email: sobrien@arrow.com