Full-year 2021 sales of $34.48 billion increased 20 percent from sales of $28.67 billion in 2020. Unlock interactive competitor comparison tools that show you how Arrow Electronics Inc. stacks up to the competition and put relevant competitor and industry information at your fingertips. Arrow Electr. Arrow affiliate Spoerle acquired Lex Electronics in Germany. The year 1979 brought Arrows listing on the New York Stock Exchange, as well as its acquisition of Cramer Electronics (historically the U.S.s second-largest distributor), the companys first major industry acquisition, which provided access to most of the leading markets in the western United States. A seasoned executive, Long served at Schweber Electronics from 1983 to 1990 before joining Arrow in 1991 with the merger of both companies. Arrow Electronics guides innovation forward for over 180,000 leading technology manufacturers and service providers. 50. Also included are impairment charges of $2.3 million related to various long-lived assets for the year ended December 31, 2021. Turning Possibility into Reality. Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Such waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). Arrow Electronics Inc. is a global distributor of electronic components and computer products that also provides value-added services. Lighting. Great people leading the organizations. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Neither Thomson Reuters nor Arrow Electronics, Inc. (collectively "Arrow Electronics") has any control over the External Website, any data or other content contained therein or any additional linked websites. The company is based in Colorado and currently generates over US$1 billion in annual revenue across four Web properties. Mission: Arrow Electronics guides innovation forward for over 175,000 leading technology manufacturers and service providers. ", However, the board did not have the same opinion of Waddell, whom Fortune described as "slender and elegant a figure from a bygone era, an apparition out of F. Scott Fitzgerald or The Thin Man," and in July of 1981, Arrow lured Alfred J. Stein away from Motorola to be president and chief executive officer. Sign up and subscribe to download the latest market trends report for ensuring effective stock arrangement. According to Fortune, she then "fled into an adjoining office and burst into tears." Global components operating income for the years 2021 and 2020 includes $12.5 million and $2.4 million, respectively, related to proceeds from legal settlements. With the slump in the PC market caused by the Asian financial crisis, the decline of PC prices, and the dearth of new products to attract customers, Arrow's sales grew by seven percent but its profits declined by 11 percent in 1998. "Stein was clearly the biggest management coup in the history of distribution," Waddell told Fortune three years later. During the 70s decade, by winning key semiconductor franchises (led by Texas Instruments in 1970) and opening sales offices in over 20 U.S. cities, Arrow grew its electronics distribution business at an average annual rate of 34 percent. In 2003, William E. Mitchell, former President of the Global Services Division of Solectron Corporation, joined Arrow as chief executive officer and,[9] in 2006, became chairman. The company is headquartered in Inverness, Colorado, and has more 460 locations worldwide, with 17,000 employees and more than 100,000 customers. The company provides non-GAAP sales, gross profit, operating income, income before income taxes, provision for income taxes, net income, net income per share on a diluted basis, effective tax rate, which are non-GAAP measures adjusted for the impact of changes in foreign currencies (referred to as "changes in foreign currencies") by re-translating prior period results at current period foreign exchange rates, the impact of notes receivable reserves and recoveries related to the AFS business (referred to as AFS notes receivable reserves and recoveries), identifiable intangible asset amortization, restructuring, integration, and other charges, impairments of long-lived assets, impact of the wind down of the companys personal computer and mobility asset disposition business (referred to as wind down), gains and losses on investments, the impact of certain tax adjustments, and pension settlement gains and losses. Arrow Electronics Inc. is knee-deep in the most consequential evolution in its history, one that has the potential to result in a complete transformation of its business and heavily impact the entire electronics value chain by forcing a reshaping of the design, engineering, new product introduction, procurement and the entire supply chain. A year later, Arrow purchased Lex Service's distribution businesses in France and the United Kingdom. Learn More Data Center. Experienced Inside Sales Representative with a demonstrated history of working in the information technology and services industry. May-06-22 07:55AM. (This business, having served its purpose, was sold in 1987.). Arrow Electronics Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. With 2021 sales of $34.48 billion, we develop technology solutions that improve . Arrow Electr. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We see them around but we don't know what goes on behind the scenes. Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing . We look ahead to shape the tangible future - one where new technologies, materials, ideas and electronics make life not only different - but better. By 1961, when the company completed its initial public offering and listed its shares on the American Stock Exchange, total sales amounted to $4million, over half of which came from the industrial sales division, with the remainder from the traditional retail business. (This business, having served its purpose, was sold in 1987 amidst problems associated with being designated an EPA Superfund site contaminated with lead and chromium. With Duke Glenn as chairman, the new leadership foresaw an opportunity to transform the electronics distribution industry.
73 reviews from Arrow Electronics employees about Arrow Electronics culture, salaries, benefits, work-life balance, management, job security, and more. Arrow Electronics is the world's largest distributor of components and enterprise computing systems. Our broad portfolio that spans the entire technology landscape helps customers create, make . Arrow Electronics Reports Fourth-Quarter and Full-Year 2021 Results, Consolidated sales of $8.35 billion to $8.95 billion, with global components sales of $6.675 billion to $6.975 billion, and global enterprise computing solutions sales of $1.675 billion to $1.975 billion, Net income per share on a diluted basis of $4.32 to $4.48, and non-GAAP net income per share on a diluted basis, Average tax rate of approximately 23.5% percent compared to the long-term range of 23 to 25 percent, Average diluted shares outstanding of 69 million, Interest expense of approximately $35 million, Expecting average USD-to-Euro exchange rate of $1.13 to 1; changes in foreign currencies to decrease sales by approximately $160 million, and earnings per share on a diluted basis by $.10 compared to the first quarter of 2021. (4) In all periods presented the sum of the components for non-GAAP diluted EPS may not agree to totals, as presented, due to rounding. Today it's a $23 billion business operating in 56 countries. These products consist of materials, parts, components, subassemblies, and equipment that use the principles of electronics to perform their major functions. New subscribers will receive 10% off their next order of $500+. Enter code CNY88 at checkout. 2023 +852 2484 2682 | grace.kung@arrow.com. 12 among U.S. electronics distributors. In 1991, Arrow acquired Lex Electronics, formerly Schweber Electronics and the third largest distributor in the United States, and Almac Electronics Corporation, from their British-based parent Lex Service, Plc. We serve as a supply channel partner for over 100,000 original equipment manufacturers, contract manufacturers, and commercial customers through a global network. Management uses this non-GAAP information, along with GAAP information, in evaluating its historical operating performance. To reduce its debt, Arrow also sold its lead reclamation business in 1988. Wholesalers: Electronics and Office Equipment . Arrow makes change while under scrutiny for China ties. The new Internet commerce industry shrank, as many enterprises went out of business. Read our privacy policy here. As the world shifts to an electric future, TE Connectivity is making a greener globe possible by empowering the future of e-mobility infrastructure. The hotel fire still ranks among the worst corporate disasters in American business. . BY ENTERING THE EXTERNAL WEBSITE, YOU ALSO ACKNOWLEDGE AND AGREE THAT YOU COMPLETELY AND IRREVOCABLY WAIVE ANY AND ALL RIGHTS AND CLAIMS AGAINST ARROW ELECTRONICS, AND RELEASE, DISCHARGE, INDEMNIFY AND HOLD HARMLESS ARROW ELECTRONICS, ITS OFFICERS, EMPLOYEES, DIRECTORS AND AGENTS FROM ANY AND ALL LIABILITY INCLUDING BUT NOT LIMITED TO LIABILITY FOR LOSS, DAMAGES, EXPENSES AND COSTS ARISING OUT OF OR IN CONNECTION WITH ENTERING AND/OR USING THE EXTERNAL WEBSITE AND/OR ANY LINKED WEBSITES AND ANY DATA AND/OR CONTENT CONTAINED THEREIN. Sales continued their decline during 2002's first half. While acceptance of cookies and tracking technologies is voluntary, disabling them may result in the website not working properly, and certain advertisements may be less relevant to you. Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. Sorry, your filter selection returned no results. Arrow Radio, established by Maurice (Murray) Goldberg, sold used radios and radio parts to retail customers. Vice President, Global Communications At the time, no other American electronics distributor had invested consistently in the fragmented European market, but Kaufman was convinced that Europe's internal trade barriers would fall and that Arrow could score big." Waddell assumed leadership and, in 1982, recruited Stephen P. Kaufman, formerly a partner of McKinsey & Company, to join Arrow as President of the company's Electronics Distribution Division. Although the acquisition, financed with junk bonds, left Arrow heavily in debt, it more than doubled the company's revenues. Adjustments to reconcile consolidated net income to net cash provided by operations: Equity in (earnings) losses of affiliated companies. Learn how single-pair Ethernet technology provides an opportunity to cost-effectively upgrade industrial networks. Arrow distributes these products and provides services to more than 175,000 customers through more than 200 sales facilities and 23 distribution centers in 40 countries and territories on six continents. The aggressive growth strategy employed by Arrow to gain industry predominance required liberal infusions of working capital, for which the company relied on frequent public bond offerings that temporarily gave rise to unconventionally high levels of debt. Duke Glenn served as chairman. Waddell assumed leadership and, in 1982, recruited Stephen P. Kaufman, formerly a partner of McKinsey and Company, to join Arrow as president of the companys electronics distribution division. My goal is to use my technical and industry knowledge to support OEMs through the design process . Michael J. anticipate business model shifts and create relevant, secure data centers designed for the future of your industry. The company relocated its headquarters office to Centennial, Colorado in 2011.[5]. However, Arrow's emergence as a major distributor of electronic components dates from 1968, when the company was purchased by three recent graduates of the Harvard School of Business. Served at Schweber Electronics from 1983 to 1990 before joining Arrow in 1991 with merger. Impairment charges of $ 2.3 million related to various long-lived assets for future. Inverness, Colorado, and has more 460 locations worldwide, with 17,000 employees more. 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