secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001859644-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000185964424000003/0001859644-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000185964424000003/arw-20240208x8k.htm
  HTML page:      https://secwatch.observer/filing/0001859644-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer