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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.
Arrow Electronics
Arrow Electronics
Arrow Electronics Revenue by Segment
Arrow Electronics Revenue by Geographic Location
Revenue by Segment
Global Components Revenue
CapyFin.comGlobal ECS Revenue
CapyFin.comRevenue 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
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
- Changes in foreign currencies to have no impact on growth in sales or earnings per share on a diluted basis compared to the third quarter of 2024
Revenue & Expenses
Visualization of income flow from segment revenue to net income