Arrow Q2 sales down 10% YoY to $8.51B; guides Q3 EPS $3.25-$3.45

ARROW ELECTRONICS, INC.

2023-Q2 EPS reported $8.74 revenue$17,250,944,000

GAAP EPS $4.12, non-GAAP $4.37 vs $5.78 YoY; net income $237M (-36% YoY).
Global components sales $6.68B (-10%); ECS sales $1.83B (-8%).
Q3 guidance: sales $7.78-$8.38B, GAAP EPS $3.25-$3.45, non-GAAP $3.40-$3.60.
Repurchased $200M in shares during Q2; remaining authorization $824M.
Customer inventory levels elevated; Americas components impacted by shortage normalization.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARROW ELECTRONICS, INC. reported second-quarter 2023 results: revenue $8.51 billion, net income $237 million, EPS $4.12 per share on a diluted basis.

Period: second-quarter 2023
Revenue: $8.51 billion
Net income: $237 million
EPS: $4.12 per share on a diluted basis
Result: reported results

Exact text from the filing

Arrow Electronics, Inc. (NYSE:ARW) today reported second-quarter 2023 sales of $8.51 billion, a decrease of 10 percent year over year. Second-quarter net income was $237 million, or $4.12 per share on a diluted basis

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Source: SEC EDGAR

accession 0001859644-23-000011

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