Arrow Electronics Q4 2023 GAAP EPS $3.54, non-GAAP $3.98 above guidance; sales down 16% YoY

ARROW ELECTRONICS, INC.

2023-FY EPS reported $15.84 revenue$33,107,120,000

Consolidated Q4 sales $7,849M, down 16% YoY; full-year sales $33,107M, down 11% YoY.
Q4 GAAP net income $195M ($3.54/diluted share); non-GAAP net income $219M ($3.98/diluted share).
Global Components sales $5,636M (-17% YoY); operating income $281M (-36% YoY).
Global ECS sales $2,213M (-11% YoY); operating income $145M (-6% YoY).
FY 2023 cash flow from ops $705M; repurchased ~$750M shares; remaining auth ~$580M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARROW ELECTRONICS, INC. reported the fourth quarter and fiscal year ended Dec. 31, 2023 results: EPS $3.54.

Period: the fourth quarter and fiscal year ended Dec. 31, 2023
EPS: $3.54
Result: reported results

Exact text from the filing

Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its fourth quarter and fiscal year ended Dec. 31, 2023.

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ARROW ELECTRONICS, INC. filing history →

Source: SEC EDGAR

accession 0001859644-24-000003

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