earnings
confidence high
sentiment negative
materiality 0.80
Arrow Electronics Q2 sales $6.9B, down 19%; GAAP EPS $2.01, non-GAAP $2.78; beat guidance
ARROW ELECTRONICS, INC.
2024-Q2 EPS reported
$3.53
revenue$13,817,128,000
- Consolidated sales $6.89B, down 19% YoY; net income $109M ($2.01 diluted EPS) vs $237M ($4.12) a year ago.
- Non-GAAP diluted EPS $2.78 vs $4.37; includes $0.29 benefit from aged receivables collection.
- Global Components sales $5.03B (-25% YoY); Americas -24%, EMEA -33%, Asia-Pac -18%.
- Global ECS sales $1.86B (+2% YoY); EMEA +8%, Americas -4%.
- Generated $320M cash from ops; reduced inventory $1.2B over nine months; repurchased $50M shares.