earnings
confidence high
sentiment negative
materiality 0.65
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.