Arrow Electronics (ARW) Tops Q2 EPS by 38c, Offers Guidance

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Go back to Arrow Electronics (ARW) Tops Q2 EPS by 38c, Offers Guidance

Arrow Electronics Reports Second-Quarter 2021 Results

August 5, 2021 8:00 AM EDT

-- Record Sales, Gross Profit, and Earnings per Share --
-- Announces Additional $600 Million Share Repurchase Authorization --

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE: ARW) today reported second-quarter 2021 sales of $8.56 billion, an increase of 30 percent from sales of $6.61 billion in the second quarter of 2020. Second-quarter net income was $241 million, or $3.23 per share on a diluted basis, compared with a net income of $133 million, or $1.68 per share on a diluted basis, in the second quarter of 2020. Non-GAAP net income1 was $249 million, or $3.34... More