Arrow Q2 Gross sales Climb 10 %


Arrow Electronics has reported second-quarter 2022 gross sales of $9.46 billion, a rise of 10 % from gross sales of $8.56 billion within the second quarter of 2021.

Second-quarter web earnings was $370 million in contrast with web earnings of $241 million within the second quarter of 2021.

“We’ve continued to construct and ship on our document efficiency for the previous a number of quarters. Whereas market circumstances are difficult, in addition they present ample alternatives to exhibit Arrow’s dedication to the success of our prospects and suppliers,” stated Sean Kerins, president, and chief govt officer (pictured). “Because of the dedication and centered execution of our workforce, we delivered all-time document quarterly gross sales, gross revenue, working earnings, and earnings per share whereas within the face of ongoing provide and demand imbalance.”

World elements second-quarter gross sales of $7.46 billion mirrored a rise of 13 % yr over yr and non-GAAP gross sales elevated 16 % yr over yr.

Asia-Pacific elements second-quarter gross sales edged ahead 1 % yr over yr.

Americas elements second-quarter gross sales soared 26 % yr over yr. Europe elements second-quarter gross sales rose 21 % yr over yr.

World elements second-quarter working earnings was $524 million.

“Demand for digital elements and related design, engineering and provide chain companies remained sturdy. Previous investments to reinforce our capabilities, particularly within the areas of engineering and provide chain capabilities, have led to developments in revenue efficiency. That is proof constructive that we’re uniquely positioned to assist our prospects navigate right this moment’s challenges,” stated Kerins.

World enterprise computing options second-quarter gross sales of $2.00 billion mirrored a rise of two % yr over yr. Europe enterprise computing options second-quarter gross sales elevated 7 % yr over yr. Americas enterprise computing options second-quarter gross sales decreased 1 % yr over yr. World enterprise computing options second-quarter working earnings was $84 million.

“World demand for extra complicated, enterprise IT content material was wholesome, and whereas provide constraints represented a headwind to {hardware} gross sales, we noticed power in our software program and cloud portfolios. We proceed to see power in cloud, software program and enterprise options and are properly positioned for the transition to IT-as-a-Service,” commented Kerins.



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