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Dec 31, 2019
Arrow Electronics Q4 2019 Earnings Report
Arrow Electronics reported a decrease in fourth-quarter sales and net income compared to the same period last year.
Key Takeaways
Arrow Electronics reported Q4 2019 sales of $7.34 billion, a 7% decrease year-over-year. Net income was $112 million, or $1.36 per share, compared to $231 million, or $2.63 per share in Q4 2018.
Fourth-quarter sales decreased by 7% year-over-year.
Net income for the fourth quarter was $112 million, or $1.36 per share.
Global components sales decreased by 10% year-over-year.
Global enterprise computing solutions sales decreased by 2% year-over-year.
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
Arrow Electronics provided its outlook for the first quarter of 2020, anticipating consolidated sales between $6.225 billion and $6.625 billion and diluted earnings per share between $0.99 and $1.29.
Positive Outlook
- Consolidated sales of $6.225 billion to $6.625 billion
- Global components sales of $4.55 billion to $4.75 billion
- Global enterprise computing solutions sales of $1.675 billion to $1.875 billion
- Earnings per share on a diluted basis of $.99 to $1.29
- Earnings per share on a diluted basis, excluding certain items of $1.29 to $1.39 per share
Challenges Ahead
- Delays and extended lead times of products manufactured in China due to business and transportation shutdowns
- Extension of the New Year Holiday week mandated by the Chinese government
- Uncertainty regarding the situation in China
- Potential impacts to the first-quarter outlook that are not currently quantifiable
- First quarter of 2020 will close on the March 28, 2020, two days earlier than the first quarter of 2019, which is expected to negatively impact sales by approximately $225 million, and earnings per share on a diluted basis by approximately $.11
Revenue & Expenses
Visualization of income flow from segment revenue to net income