Enabling technology solutions that improve business and daily life, Arrow Electronics guides innovation forward for over 210,000 leading technology manufacturers and service providers. LED Lighting, Optoelectronics and Displays, Data Conversion Development Boards and Kits, Embedded System Development Boards and Kits, Power Management Development Boards and Kits, Programmable Logic Development Boards and Kits, RF and Microwave Development Boards and Kits, Electronic Test Equipment & Electrical Test Instruments, Search millions of products and datasheets, NT$3,620.5589 1 A reconciliation of non-GAAP financial measures, including sales, sales for each segment and in each region, gross profit, operating income, income before income taxes, provision for income taxes, net income, net income attributable to shareholders, and net income per share, to GAAP financial measures is presented in the reconciliation tables included herein. Cons. It operates under the Global Components Business and Global Enterprise Computing Solutions (Global ECS) segments. Learn how Laird provides you cost effective and high-performance wireless connectivity solutions for your IoT product developments. Arrow Electronics, Inc. engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Our organization has worked hard to capture these tremendous opportunities and deliver full-year earnings per share that were more than 75 percent higher than our previous record year.. Read more about the cookies we use and how to disable them here. Arrow acquired Cramer Electronics in 1979, making the company a national coast-to-coast distributor for the first time. [7], In 1988, Arrow adopted a growth strategy by acquiring Kierulff Electronics. Jeff Gropper is a business strategist, subject matter expert and enterprise sales closer in the technology, media and healthcare industries. +49 6102 50308638 | thorsten.hecking@arrow.com, Grace Kung 1. The many different frequencies used in the Internet of Things poses a challenge for designers, which Molex Multi-Hub antennas can solve. Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Secondly, even when compared to the industry average of 13% the company's ROE is quite impressive. Other industry pioneers with businesses nearby were Charles Avnet and Seymour Schweber. Incorporated:1946 Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. "You should have seen the congratulatory letters and telegrams.". This has helped ARW to earn a Zacks Rank #2 (Buy), further underscoring the companys solid position. It formed a joint venture to distribute electronic products in South Africa. 1935-80: From Seller of Used Radio Products to Major Electronics Distributor. But in December of 1980, a blistering fire raced through the conference center of a hotel in Harrison, New York, killing 13 senior executives from Arrow who had gathered for the company's annual budget meetings. In 1995, Arrow bought Components + Instrumentation (NZ) Ltd., a New Zealand distributor. It expanded its European operations with the purchase of Unitronics Componentes, S.A., a leading distributor in Spain and Portugal. If the problem persists please contact us. BME688 is a 4-in-1 gas sensor measuring temperature, pressure, humidity, VOCs, VSCs and other gases. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which could cause actual results or facts to differ materially from such statements for a variety of reasons, including, but not limited to: potential adverse effects of the ongoing global COVID-19 coronavirus pandemic, including actions taken to contain or treat COVID-19, industry conditions, changes in product supply, pricing and customer demand, competition, other vagaries in the global components and global enterprise computing solutions markets, changes in relationships with key suppliers, increased profit margin pressure, foreign currency fluctuation, changes in legal and regulatory matters, non-compliance with certain regulations, such as export, anti-trust, and anti-corruption laws, foreign tax and other loss contingencies, and the company's ability to generate cash flow. Unlock interactive competitor comparison tools that show you how Arrow Electronics Inc. stacks up to the competition and put relevant competitor and industry information at your fingertips. Global components fourth-quarter operating income was $430 million. The establishment of Edge Labs an Arrow Center of Excellence (CoE) will help customers accelerate the development of connected intelligent edge devices based on solutions from Qualcomm Technologies. Read our privacy policy here. Full-year 2021 sales of $34.48 billion increased 20 percent from sales of $28.67 billion in 2020. By the end of the decade, the company's electronics distribution sales had climbed to $177million, making Arrow the country's second largest electronics distributor. New subscribers will receive 10% off their next order of $500+. Arrow Radio, established by Maurice ("Murray") Goldberg, sold used radios and radio parts to retail customers. BY ENTERING THE EXTERNAL WEBSITE, YOU ALSO ACKNOWLEDGE AND AGREE THAT YOU COMPLETELY AND IRREVOCABLY WAIVE ANY AND ALL RIGHTS AND CLAIMS AGAINST ARROW ELECTRONICS, AND RELEASE, DISCHARGE, INDEMNIFY AND HOLD HARMLESS ARROW ELECTRONICS, ITS OFFICERS, EMPLOYEES, DIRECTORS AND AGENTS FROM ANY AND ALL LIABILITY INCLUDING BUT NOT LIMITED TO LIABILITY FOR LOSS, DAMAGES, EXPENSES AND COSTS ARISING OUT OF OR IN CONNECTION WITH ENTERING AND/OR USING THE EXTERNAL WEBSITE AND/OR ANY LINKED WEBSITES AND ANY DATA AND/OR CONTENT CONTAINED THEREIN. You can sign up for additional subscriptions at any time. The ultimate technology enabler, Arrow develops technology solutions that improve business and daily life. The ultimate technology enabler, Arrow develops technology solutions that improve business and daily life. About. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP. The company also acquired Exatec A/S, one of the largest electronics distributors in Denmark, and increased its stake in Silverstar to a majority share. Asia-Pacific components sales were flat year over year. The world of industry is being transformed by the internet. Founded in 1935, Arrow Electronics, Inc. is an established global aggregator of electronic components and enterprise computing solutions for customers and suppliers in industrial and commercial markets. In fact, over the past month, current quarter estimates have risen from $2.91 per share to $3.52 per share, while current year estimates have risen from $11.91 per share to $13.51 per share. Finally, we can read about how these great companies came about with Company Histories.. No. . In 1968, B. Duke Glenn, Jr., Roger E. Green, and John C. Waddell, then working for an investment banking firm in New York, recognized the potential for growth in electronic parts distribution, and bought the company for $1 million in borrowed capital. Long succeeded Mitchell as CEO in 2009, becoming chairman in 2010. Ticker Symbol:ARW (NYSE) In 2021, changes in foreign currencies had positive impacts on growth of approximately $403 million on sales, and $.14 on earnings per share on a diluted basis compared to 2020. Figures are for the latest twelve months ended Sept. 30, 2022. Electronic Components. Industry Comparison. Bring the technology puzzle together through curated expertise and the underlying global infrastructure you need to drive competitive advantage. It recorded a profit of $357.9 million in 2000, but a loss of $73.8 million in 2001. John Hourigan Arrow Electronics is trying to complete a cup-without-handle base with a 129.66 buy point. He went on to become regional president before being named global president of the business in 2014 and then Arrows chief operating officer in 2020. Turning Possibility into Reality. We respect your privacy. Experienced Inside Sales Representative with a demonstrated history of working in the information technology and services industry. [4], Kaufman stepped down as CEO in 2000, retired as chairman in 2002, and was succeeded by Daniel W. Duval, a 15-year Arrow board veteran. Vice President, Global Communications When youre an innovator dreaming on the edge of tomorrow, Arrows engineering services can help you take your idea from imagination to innovation. Entering the 1970s with $9 million of annual distribution sales, Arrow ranked no. Arrow Electr. Please refresh the browser and try again. A high-level overview of Arrow Electronics, Inc. (ARW) stock. Transform industry with automation, predictive analytics, and connected workers, Provide connected comprehensive care, treatment, and records. With 2021 sales of $34.48 billion, we develop technology solutions that improve . [4], On December 4, 1980, a fire in a Harrison, New York, hotel conference center killed 13 members of Arrow's senior management, including Glenn and Green. In addition to disclosing results determined in accordance with GAAP, Arrow Electronics also discloses certain non-GAAP results of operations, including net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Arrow affiliate Spoerle acquired Lex Electronics in Germany. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for, or alternative to, sales, operating income, net income and net income per basic and diluted share determined in accordance with GAAP. Sales declined 32 percent from $5.5 billion during the first half of 2001 to $3.7 billion during the same period of 2002. In 1999, Arrow bought Richey Electronics, Inc. and the electronics distribution group of Bell Industries, Inc. Click Read More below for more information and instructions on how to disable cookies and tracking technologies. Arrow Electronics has tapped Sean J. Kerins, currently chief operating officer at the giant electronics distributor, to take over as president and CEO effective June 1. The company will go on. About SIA My goal is to use my technical and industry knowledge to support OEMs through the design process . On June 1, 2022, Sean J. Kerins succeeded Long as president and CEO, with Long becoming executive chairman of the Board of Directors. The company is based in Colorado and currently generates over US$1 billion in annual revenue across four Web properties. ", In 1983, with Arrow celebrating its financial and emotional recovery, Waddell told Forbes: "Our strategic exercise for a decade has been to get position. [8], During his nearly two decades with Arrow, Kaufman led the company's consolidation of the U.S. electronics distribution industry as well as the company's expansion into Europe and the Asia-Pacific region. We enable and support the full lifecycle from ideation, development, prototyping, and new product introduction, to manufacturing and global distribution. The rapidly expanding telecommunications industry found itself saddled with massive debt and severe overcapacity. By 2001, the company faced significant declines in its revenues and profits. In the fourth quarter of 2021, changes in foreign currencies had negative impacts on growth of approximately $73 million on sales and $.07 on earnings per share on a diluted basis compared to the fourth quarter of 2020. It also acquired two closely held Australian distributors. Customers Worldwide:Over 210,000 With Duke Glenn as chairman, the new leadership foresaw an opportunity to transform the electronics distribution industry. Receive exclusive offers, product announcements and the latest industry news directly to your inbox. For over 80 years, Arrow's mission has been to support our valued channel partners in delivering more effective results for you and your customers. 1-ranked Avnet was 8-times Arrow's size. Non-GAAP sales in the region decreased 3 percent year over year. According to Forbes, the company closed down all four Kierulff Electronics warehouses and within a year it experienced "miraculous" growth that went from a bottom line of $16million loss in 1987 to operating profits of $10million. The Global Components segment markets and distributes semiconductor . CENTENNIAL, Colo., February 4, 2022 /3BL Media/ - Arrow Electronics, Inc. has again been named to FORTUNE's "World's Most Admired Companies" list, topping the "Wholesalers: Electronics . Arrow Electronics Reports Fourth-Quarter and Full-Year 2021 Results, Consolidated sales of $8.35 billion to $8.95 billion, with global components sales of $6.675 billion to $6.975 billion, and global enterprise computing solutions sales of $1.675 billion to $1.975 billion, Net income per share on a diluted basis of $4.32 to $4.48, and non-GAAP net income per share on a diluted basis, Average tax rate of approximately 23.5% percent compared to the long-term range of 23 to 25 percent, Average diluted shares outstanding of 69 million, Interest expense of approximately $35 million, Expecting average USD-to-Euro exchange rate of $1.13 to 1; changes in foreign currencies to decrease sales by approximately $160 million, and earnings per share on a diluted basis by $.10 compared to the first quarter of 2021. The benefits are decent. Per Unit. Its revenues were approximately $22.8 billion in FY 2014. The Internet of Things (IoT) has changed the way we use technology. The company specializes in distribution and value added services relating to electronic components and computer products. By 1961, when the company completed its initial public offering and listed its shares on the American Stock Exchange, total sales amounted to $4million, over half of which came from the industrial sales division, with the remainder from the traditional retail business. I am a Field Applications Engineer, based out of Arrow Electronics' Bellevue Branch. It cost us a lot of time, money and aggravation. As the only public open market distributor, we possess a unique combination of global access, manufacturing industry expertise, and proven quality. Arrow Electr. Arrow Radio, established by Maurice ("Murray") Goldberg, sold used radios and radio parts to retail customers. In 1984, Fortune declared that "Kaufman's arrival marks the moment at which Arrow's cruelly unconventional problem came to an end. They also purchased a company that reclaimed lead from old car batteries. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded . (This business, having served its purpose, was sold in 1987.). secure data centers designed for the future of your industry. Adjustments to reconcile consolidated net income to net cash provided by operations: Equity in (earnings) losses of affiliated companies. Vice president, public affairs & corporate marketing But in 1983, with the recession in the electronics industry over, sales reached $1.4 billion and Arrow earned 85 cents per share. As Forbes later reported, Kaufman, who spent several years in Europe as a consultant with McKinsey & Co., was "a confirmed internationalist. See if the stock can break out in volume at least 40% above average. We partner with customers to provide solutions that bring ideas to life and get end products to market faster. Currently, this industry has 16 . One of the widest variety of products, services and solutions: Arrow provides superior value to its industrial and commercial customers by providing a huge variety of products, solution and services. Well known for his consultative sales expertise, Jeff . The company is headquartered in Inverness, Colorado, and has more 460 locations worldwide, with 17,000 employees and more than 100,000 customers. CENTENNIAL, Colo. - Arrow Electronics, Inc. (NYSE:ARW) has again been named to FORTUNE's "World's Most Admired Companies" list, ranking #1 in the "Wholesalers: Electronics and Office Equipment" category for the tenth consecutive year.