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Oct 02, 2021
Arrow Electronics Q3 2021 Earnings Report
Reported record gross profit, operating income, and earnings per share.
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 Geographic Location
Revenue by Geographic Location
Americas Components Revenue
CapyFin.comAsiaPacific Components Revenue
CapyFin.comEMEA Components Revenue
CapyFin.comAmericas ECS Revenue
CapyFin.comEMEA ECS Revenue
CapyFin.com 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