Arrow Electronics (ARW) Reports In-Line Q4 EPS, Guidance Tops Views, Announces $1B Buyback Plan
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Arrow Electronics Reports Fourth-Quarter and Full-Year 2022 Results
February 2, 2023 8:00 AM EST
-- Fourth-Quarter Earnings Per Share of $5.66; Non-GAAP Earnings Per Share of $5.69 --
-- Announces Additional $1 Billion Share Repurchase Authorization --
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE: ARW) today reported fourth-quarter 2022 sales of $9.32 billion, an increase of 3 percent year over year, and an increase of 8 percent year over year on a constant currency basis1. Fourth-quarter 2022 net income was $349 million, or $5.66 per share on a diluted basis, compared with net income of $371 million, or $5.26 per share on a diluted basis, in the fourth quarter of... More
