Arrow Electronics Q3 sales $6.8B, GAAP EPS $1.88; restructures with $185M plan

ARROW ELECTRONICS, INC.

2024-Q3 EPS reported $5.42 revenue$20,640,447,000

Sales $6.8B, down 15% YoY; GAAP EPS $1.88 vs $3.53; non-GAAP EPS $2.38 vs $4.14.
Global components sales -21% YoY; global ECS sales +7% YoY with strength in hybrid cloud.
Restructuring plan: $185M pre-tax charges ($110M severance, $50M non-cash), targeting $90-100M annual savings by end-2026.
Generated $81M operating cash flow; repurchased $50M shares in Q3.
Company says cyclical correction persists in components but enterprise IT spending gaining momentum.

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