Arrow Electronics (ARW) Tops Q2 EPS by 23c, Revenues Beat; Offers 3Q EPS Guidance Above Consensus, Provides 3Q Revenue Outlook

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Go back to Arrow Electronics (ARW) Tops Q2 EPS by 23c, Revenues Beat; Offers 3Q EPS Guidance Above Consensus, Provides 3Q Revenue Outlook

Arrow Electronics Reports Second-Quarter 2020 Results

July 30, 2020 8:00 AM EDT

-- Cash Provided by Operating Activities of $418 Million --

-- Announces Additional $600 Million Share Repurchase Program --

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE: ARW) today reported second-quarter 2020 sales of $6.61 billion, a decrease of 10 percent from sales of $7.34 billion in the second quarter of 2019. Second-quarter sales, as adjusted, decreased 8 percent year over year. Second-quarter net income of $133 million, or $1.68 per share on a diluted basis, compared with a net loss of $(549) million, or $(6.48) per share on a diluted basis, in the second... More