Arrow Electronics (ARW) Tops Q4 EPS by 50c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus
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Arrow Electronics Reports Fourth-Quarter and Year-End 2020 Results
February 4, 2021 8:00 AM EST-- Fourth-Quarter Earnings Per Share of $3.08; Non-GAAP Earnings Per Share of $3.17 --
-- Full-Year Cash Provided by Operating Activities of $1.36 Billion --
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE: ARW) today reported fourth-quarter 2020 sales of $8.45 billion, an increase of 15 percent from sales of $7.34 billion in the fourth quarter of 2019. Fourth-quarter 2020 non-GAAP1 sales increased 13 percent from 2019. Fourth-quarter 2020 net income was $236 million, or $3.08 per share on a diluted basis, compared with net income of $112 million, or $1.36 per share on a diluted basis, in the... More
