Arrow Electronics posts record Q3 2022: EPS $5.27 ($5.45 non-GAAP), sales $9.27B +9% YoY

ARROW ELECTRONICS, INC.

2022-Q3 EPS reported $16.12 revenue$27,801,399,000

Net income $342M ($5.27 diluted EPS); non-GAAP net income $354M ($5.45 diluted EPS), both records.
Global components sales $7.30B (+10% YoY); ECS sales $1.97B (+4% YoY); FX headwind $380M on sales, $0.17 on EPS.
Repurchased $259M of shares (2.5M shares) in Q3; remaining buyback authorization $629M.
Q4 guidance: sales $8.95B-$9.55B, diluted EPS $5.44-$5.64, non-GAAP EPS $5.60-$5.80; expects continued FX headwind.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARROW ELECTRONICS, INC. reported third quarter 2022 results: revenue $9.27 billion, net income $342 million, EPS $5.27.

Period: third quarter 2022
Revenue: $9.27 billion
Net income: $342 million
EPS: $5.27
Result: reported results

Exact text from the filing

Arrow Electronics, Inc. (NYSE:ARW) today reported third-quarter 2022 sales of $9.27 billion, an increase of 9 percent year over year, and an increase of 14 percent year over year on a constant currency basis 1 . Third-quarter net income was $342 million, or $5.27 per share on a diluted basis, compared with net income of $290 million, or $4.00 per share on a diluted basis, in the third quarter of 2021.

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Source: SEC EDGAR

accession 0001894806-22-000011

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