secwatch.observer — SEC 8-K summary
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Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001859644-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Electronics Q2 sales $6.9B, down 19%; GAAP EPS $2.01, non-GAAP $2.78; beat guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000185964424000008/0001859644-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000185964424000008/arw-20240801x8k.htm
  HTML page:      https://secwatch.observer/filing/0001859644-24-000008

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