Arrow Electronics Q3 2021 Earnings Report
Key Takeaways
Arrow Electronics reported Q3 2021 sales of $8.51 billion, an 18% increase from Q3 2020. Third-quarter net income was $290 million, or $4.00 per share on a diluted basis. Non-GAAP net income was $293 million, or $4.04 per share on a diluted basis.
Third-quarter earnings per share of $4.00; non-GAAP earnings per share of $4.04
Global components third-quarter sales increased 25 percent year over year.
Global enterprise computing solutions third-quarter sales decreased 2 percent year over year.
Company repurchased approximately $250 million of shares for the second consecutive quarter.
Arrow Electronics
Arrow Electronics
Arrow Electronics Revenue by Segment
Forward Guidance
Consolidated sales of $8.55 billion to $9.15 billion, with global components sales of $6.35 billion to $6.65 billion, and global enterprise computing solutions sales of $2.2 billion to $2.5 billion. Net income per share on a diluted basis of $4.19 to $4.35, and non-GAAP net income per share on a diluted basis of $4.37 to $4.53.
Positive Outlook
- Consolidated sales of $8.55 billion to $9.15 billion
- Global components sales of $6.35 billion to $6.65 billion
- Global enterprise computing solutions sales of $2.2 billion to $2.5 billion
- Net income per share on a diluted basis of $4.19 to $4.35
- Non-GAAP net income per share on a diluted basis of $4.37 to $4.53
Revenue & Expenses
Visualization of income flow from segment revenue to net income