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Sep 28, 2024
Arrow Electronics Q3 2024 Earnings Report
Arrow Electronics' third quarter performance in 2024 was reported.
Key Takeaways
Arrow Electronics reported sales of $6.82 billion, which was at the high end of their guidance range. The company's EPS was $1.88, and non-GAAP EPS was $2.38.
Sales reached $6.8 billion, hitting the high end of the guidance.
EPS was reported at $1.88.
Non-GAAP EPS came in at $2.38.
The company continued to execute well in a challenging environment.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2024, Arrow Electronics anticipates consolidated sales between $6.67 billion and $7.27 billion. The company projects net income per share on a diluted basis to be $1.35 to $1.55, and non-GAAP net income per share on a diluted basis to be $2.48 to $2.68.
Positive Outlook
- Consolidated sales of $6.67 billion to $7.27 billion
- Global components sales of $4.50 billion to $4.90 billion
- Global enterprise computing solutions sales of $2.17 billion to $2.37 billion
- Net income per share on a diluted basis of $1.35 to $1.55
- Non-GAAP net income per share on a diluted basis of $2.48 to $2.68
Challenges Ahead
- Average tax rate in the range of 23 to 25 percent
- Interest expense of approximately $60 million to $65 million
- Changes in foreign currencies to increase sales by approximately $60 million, and earnings per share on a diluted basis by $0.02 compared to the fourth quarter of 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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