Arrow Electronics (ARW) Tops Q1 EPS by 88c; Offers Q2 Guidance
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Arrow Electronics Reports First-Quarter 2022 Results
May 5, 2022 8:00 AM EDT
-- Record Sales, Gross Profit, Operating Income, and Earnings Per Share --
-- First-Quarter Earnings Per Share of $5.31; Non-GAAP Earnings Per Share of $5.43 --
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE: ARW) today reported first-quarter 2022 sales of $9.07 billion, an increase of 8 percent from sales of $8.39 billion in the first quarter of 2021. First-quarter net income was $365 million, or $5.31 per share on a diluted basis, compared with a net income of $206 million, or $2.72 per share on a diluted basis, in the first quarter of 2021.... More
