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Arrow Electronics (ARW)
NYSE:ARW
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.66Last Year’s EPS
$3.98Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -15.50%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
Arrow Electronics demonstrated resilience in exceeding guidance for sales and earnings per share, alongside generating positive cash flow. However, significant challenges persist in the form of sales decline, prolonged market correction, and pressure on operating margins, indicating a cautious outlook.Company Guidance
During the Arrow Electronics Q3 2024 earnings call, the company provided guidance for the fourth quarter, expecting sales to range from $6.67 billion to $7.27 billion. For global components, sales are anticipated to be between $4.5 billion and $4.9 billion, reflecting a potential 5% decline from the previous quarter. Enterprise computing solutions are projected to range from $2.17 billion to $2.37 billion, marking a 3% year-on-year increase. The company foresees consolidated non-GAAP operating margins benefiting from ECS's seasonal trends, offsetting global components' margin declines due to lower sales volume. The non-GAAP diluted EPS is expected to fall between $2.48 and $2.68, with interest expenses of $60 million to $65 million and a tax rate between 23% and 25%. Additionally, Arrow Electronics plans to implement cost reduction measures, targeting $90 million to $100 million in annual savings by 2026, while restructuring expenses are estimated at $135 million.Sales and Earnings Exceed Midpoint of Guidance
Arrow Electronics delivered sales of $6.8 billion and non-GAAP earnings per share of $2.38, both exceeding the midpoint of their guidance.
Year-over-Year Growth in Enterprise Computing Solutions
Enterprise computing solutions sales were $1.9 billion, 7% higher than the prior year due to favorable product mix.
Positive Cash Flow Generation
Arrow Electronics generated $81 million in cash flow from operations in the third quarter, marking the fifth consecutive quarter of positive cash flow generation.
Continued Focus on Cost Reduction
The company plans to reduce annual operating expenses by approximately $90 million to $100 million by 2026, with about 1/3 of these savings expected next year.
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ARW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $135.80 | $118.67 | -12.61% |
| Aug 01, 2024 | $123.69 | $128.94 | +4.24% |
| May 02, 2024 | $124.85 | $122.71 | -1.71% |
| Feb 08, 2024 | $108.98 | $113.40 | +4.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arrow Electronics (ARW) report earnings?
Arrow Electronics (ARW) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Arrow Electronics (ARW) earnings time?
Arrow Electronics (ARW) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARW EPS forecast?
ARW EPS forecast for the fiscal quarter 2024 (Q4) is $2.66.
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