Arrow Q3 Gross sales Advance 9 % YoY


Arrow Electronics has reported third-quarter 2022 gross sales of $9.27 billion, a rise of 9 % yr over yr.

Third-quarter web revenue was $342 million in contrast with web revenue of $290 million within the third quarter of 2021.
“I’m happy to report that this was our greatest third quarter ever. It is a product of sturdy efficiency by each our international parts and international enterprise computing options companies,” mentioned Sean Kerins (pictured), president and chief govt officer. “The dedication and centered execution by our group helped us ship sturdy quarterly gross sales, gross revenue, working revenue, and earnings per share whereas going through market situations that stay difficult.”
World parts third-quarter gross sales of $7.30 billion mirrored a rise of 10 % yr over yr.
Asia-Pacific parts third-quarter gross sales decreased 3 % yr over yr. Americas parts third-quarter gross sales elevated 21% yr over yr. Europe parts third-quarter gross sales elevated 21 % yr over yr.
World parts third-quarter working revenue was $495 million
“Demand for digital parts and related design, engineering, and provide chain providers remained sturdy. Whereas provide is bettering modestly, it’s nonetheless inadequate to help the backlog that has constructed over prior quarters. Customer support and help stays our precedence and our groups proceed to work tirelessly to help the deliveries wanted by our prospects,” mentioned Kerins.
World enterprise computing options (“ECS”) third-quarter gross sales of $1.97 billion mirrored a rise of 4 % yr over yr.
Europe enterprise computing options third-quarter gross sales elevated 7 % yr over yr. Americas enterprise computing options third-quarter gross sales elevated 3 % yr over yr. World enterprise computing options third-quarter working revenue was $84 million.

Sean Kerins added, “World demand for extra complicated, enterprise IT content material was wholesome, and whereas provide constraints persist, we noticed some profit from our traditionally excessive backlog. We proceed to see energy in cloud and software program adoption. We’re properly positioned for the transition to IT-as-a-Service,” .



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