Arrow Electronics (ARW) Reports In-Line Q4 EPS

Arrow Electronics (NYSE: ARW) reported Q4 EPS of $2.00, in-line with the analyst estimate of $2.00. Revenue for the quarter came in at $6.44 billion versus the consensus estimate of $6.53 billion.

“Our digital transformation and IoT solutions spanning from sensor to sunset helped drive record full-year sales and earnings per share,” said Michael J. Long, chairman, president, and chief executive officer. “Our customers value our comprehensive portfolio of electronic components and embedded computing, datacenter, cloud, and reverse logistics solutions.”

Global components fourth-quarter sales of $4 billion grew 9 percent year over year. Fourth-quarter sales, as adjusted, grew 10 percent year over year. Americas components sales grew 4 percent year over year. Asia-Pacific components sales grew 22 percent year over year. Europe components sales declined 1 percent year over year. Sales in the region, as adjusted, grew 2 percent year over year. “Global components sales exceeded the high end of our expectations and were propelled by our investments in customer-facing sales and engineering resources,” said Mr. Long.

For earnings history and earnings-related data on Arrow Electronics (ARW) click here.

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