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

Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001859644-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Q1 sales $6.9B (-21% YoY); non-GAAP EPS $2.41 above guidance
------------------------------------------------------------------

- Sales $6.94B, down 21% YoY; GAAP EPS $1.53, non-GAAP EPS $2.41 (above high-end guidance).
- Global components sales $5.19B (-24% YoY); Americas -29%, Europe -26%, Asia-Pac -18%.
- Global ECS sales $1.73B (-8% YoY); EMEA achieved YoY billings and gross profit growth.
- Cash from ops $403M; inventory reduced $390M in Q1, over $1B in past two quarters.
- Repurchased ~$100M of shares in the quarter; working capital management remains efficient.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000185964424000005/0001859644-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000185964424000005/arw-20240502x8k.htm
  HTML page:      https://secwatch.observer/filing/0001859644-24-000005

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