arrow electronics inc (ARW) Key Developments
Arrow Electronics to Carry Full Range of B&K Precision Products
May 18 15
Arrow Electronics, Inc. announced it has added the full suite of B&K Precision testing and measurement products to its line card. B&K Precision’s core products include power supplies and DC electronic loads, signal generators, oscilloscopes, spectrum analyzers, component and device testers, multimeters and a variety of test and measurement accessories. This distribution agreement will further expand the breadth and depth of Arrow’s top-notch line card. B&K Precision’s products are used in a wide range of applications, including design, research and development, production-line testing, industrial maintenance and electronic field service. The company’s instruments are also standard equipment in a number of universities and technical schools that train engineers and technicians.
Arrow Electronics, Inc. to Showcase the Latest Sensor-Based Technology Solutions and Arrow's Semi-Autonomous Motorcar (SAM) at the Upcoming Sensors Expo 2015
May 6 15
Arrow Electronics, Inc. announced that it will showcase the latest sensor-based technology solutions and Arrow's semi-autonomous motorcar (SAM) at the upcoming Sensors Expo 2015. The explosive growth of connected devices is driving exciting advancements in sensor technology, as well as new service offerings and business opportunities. The Sensors Expo focuses on current sensing challenges while also exploring the sensing technologies driving tomorrow's solutions, including the Internet of Things (IoT) and Machine to Machine (M2M). The Expo will be held June 9-11 at the Long Beach Convention Center in Long Beach, Calif.
Arrow Electronics, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 28, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
Apr 30 15
Arrow Electronics, Inc. reported unaudited consolidated earnings results for the first quarter ended March 28, 2015. For the quarter, the company reported sales of USD 5,002.385 million compared to USD 5,082.040 million a year ago. Operating income was USD 177.434 million compared to USD 177.740 million a year ago. Income before income taxes was USD 146.958 million compared to USD 149.520 million a year ago. Consolidated net income was USD 106.091 million compared to USD 107.192 million a year ago. Net income attributable to shareholders was USD 106.058 million compared to USD 107.120 million a year ago. Diluted net income per share was USD 1.09 compared to USD 1.06 a year ago. Net cash used in operating activities was USD 241.596 million compared to net cash provided by operating activities of USD 124.037 million a year ago. Acquisition of property, plant, and equipment was USD 31.150 million compared to USD 32.843 million a year ago. Operating income, as adjusted was USD 204.737 million compared to USD 200.301 million a year ago. Net income attributable to shareholders, as adjusted was USD 127.797 million compared to USD 124.047 million a year ago. Net income per diluted share, as adjusted was USD 1.32 compared to USD 1.22 a year ago.
The company expected second-quarter 2015 consolidated Sales in the range of USD 5.45 billion to USD 5.85 billion. The company expected earnings per share on a diluted basis, excluding any charges, to be in the range of USD 1.43 to USD 1.55 per share. Guidance assumes an average tax rate in the range of 27% to 29% and average diluted shares outstanding are expected to be 97 million. Included in guidance for the second quarter 2015 are USD 200 million of sales and USD 0.04 of earnings per share on a diluted basis when compared with the second quarter of 2014, and USD 125 million of sales and no additional contribution to earnings per share on a diluted basis when compared with the first quarter of 2015.
The company expected to be cash flow positive in the second quarter of 2015 and for full-year 2015.
Arrow Electronics, Inc. Announces the Opening of the First Arrow Facility in Singapore
Apr 22 15
Arrow Electronics, Inc. announced the opening of the first Arrow facility in Singapore to provide a full Value Recovery portfolio of IT asset disposition and reverse logistics services in the Asia-Pacific region. The site provides secure and environmentally-responsible logistics, asset tracking and reporting, data sanitization, testing and screening, recycling, remarketing, service parts management, and product returns management services for a wide range of electronic equipment. The facility has been designed in compliance with the high standards of the Arrow global compliance program as well as local, national and international standards for data security and environmental regulations, including the Responsible Recycling Practices (R2), OHSAS 18001, and International Standards Organization 9001 and 14001.
Arrow Electronics, Inc. to Report Q1, 2015 Results on Apr 30, 2015
Apr 20 15
Arrow Electronics, Inc. announced that they will report Q1, 2015 results at 1:00 PM, US Eastern Standard Time on Apr 30, 2015