Arrow Electronics Reports Strong Q4 2024 Results

By Tamara Parker • Thursday, February 06 15:29 • Permanent Link

Arrow Electronics, Inc. has reported its financial results for the fourth quarter and full-year 2024, showing both consolidated and segment-specific performance metrics.

Consolidated sales for the fourth quarter of 2024 were $7.283 billion, above the high end of the company's guidance, with earnings per share of $1.86 and non-GAAP earnings per share of $2.97, both surpassing the high end of guidance.

In the global components segment, sales for the fourth quarter of 2024 decreased by 15 percent year over year, and the operating income was reported at $117 million, down from $281 million in the fourth quarter of 2023. However, non-GAAP operating income was $173 million, a decrease from $288 million in the same period last year.

For the global enterprise computing solutions (ECS) segment, sales in the fourth quarter of 2024 increased by 12 percent year over year, with operating income reported at $160 million, up from $145 million in the fourth quarter of 2023. Non-GAAP operating income was $161 million, compared to $146 million in the same period last year.

The overall sales for the full-year 2024 decreased by 16 percent year over year, and net income per diluted share was $7.29, down from $15.84 in 2023. Non-GAAP net income per diluted share was $10.56, a decrease from $17.12 in 2023.

Arrow Electronics also provided an outlook for the first quarter of 2025, with estimated consolidated sales ranging from $5.98 billion to $6.58 billion and net income per share on a diluted basis of $0.98 to $1.18, along with non-GAAP net income per share on a diluted basis of $1.30 to $1.50.

In 2024, the company generated over $1.1 billion in cash flow from operations and returned $250 million to shareholders through stock repurchases.

The company's stock repurchases and financial performance indicate a strategic focus on improving shareholder value and operational efficiency amidst challenging market conditions. Today the company's shares have moved -3.8% to a price of $110.51. If you want to know more, read the company's complete 8-K report here.

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