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Dec 31, 2020
Arrow Electronics Q4 2020 Earnings Report
Arrow Electronics reported record fourth-quarter sales, net income, and earnings per share.
Key Takeaways
Arrow Electronics reported a strong fourth quarter with sales of $8.45 billion, a 15% increase year-over-year. Net income was $236 million, or $3.08 per share, compared to $112 million, or $1.36 per share in Q4 2019. Non-GAAP net income was $243 million, or $3.17 per share, compared to $181 million, or $2.20 per share in the prior year.
Fourth-quarter sales increased 15% year-over-year to $8.45 billion.
Fourth-quarter net income was $236 million, or $3.08 per share.
Fourth-quarter non-GAAP net income was $243 million, or $3.17 per share.
Full-year cash provided by operating activities was $1.36 billion.
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
Arrow Electronics provides first-quarter 2021 outlook with consolidated sales between $7.625 billion and $8.225 billion, and non-GAAP net income per share on a diluted basis of $2.17 to $2.33.
Positive Outlook
- Consolidated sales of $7.625 billion to $8.225 billion.
- Global components sales of $5.825 billion to $6.125 billion.
- Global enterprise computing solutions sales of $1.8 billion to $2.1 billion.
- Net income per share on a diluted basis of $2.02 to $2.18.
- Non-GAAP net income per share on a diluted basis of $2.17 to $2.33.
Challenges Ahead
- Average tax rate of approximately 24.5%
- Interest expense of approximately $31 million
- Expecting average USD-to-Euro exchange rate of $1.23 to €1
- Changes in foreign currencies to increase sales by approximately $235 million
- Earnings per share on a diluted basis by $.12 compared to the first quarter of 2020
Revenue & Expenses
Visualization of income flow from segment revenue to net income