secwatch.observer — SEC 8-K summary
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Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001859644-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Electronics Q3 revenue falls 14% to $8.01B; non-GAAP EPS $4.14 at high end of guidance
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- Revenue $8.01B (-14% YoY); net income $199M vs $342M; GAAP EPS $3.53, non-GAAP $4.14.
- Global components sales $6.25B (-14% YoY); Americas -24%, Asia-Pacific -18%, Europe +3% (constant currency -4%).
- Global ECS sales $1.76B (-10% YoY); Americas -18%, Europe +2% (constant currency -5%).
- Includes $0.87 EPS benefit from legal settlement and $0.31 EPS charge for customer AR reserve increase.
- Generated $322M operating cash flow; repurchased ~$200M shares in Q3; remaining buyback auth $622M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000185964423000014/0001859644-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000185964423000014/arw-20231102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001859644-23-000014

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