The company also acquired Exatec A/S, one of the largest electronics distributors in Denmark, and increased its stake in Silverstar to a majority share. Sorry, your filter selection returned no results. Arrow Electronics is an established name within its industry and has a reputation as a reputable operator. Company ESG Risk Rating Industry Rank; RS Group Plc: 6.1 . 303-824-4544, Media Contact: John Hourigan, Chat live with Arrow customer service representatives and engineers. Arrow Electronics Inc. is a global distributor of electronic components and computer products that also provides value-added services. The company is headquartered in Inverness, Colorado, and has more 460 locations worldwide, with 17,000 employees and more than 100,000 customers. Well known for his consultative sales expertise, Jeff . With 2019 sales of $29 billion, Arrow develops technology solutions that improve business and daily life. Global components fourth-quarter sales of $6.68 billion increased 13 percent year over year. The company started trading on 14 February 1991. Net income for 2021 was $1.11 billion, or $15.10 per share on a diluted basis, compared with net income of $584 million, or $7.43 per share on a diluted basis, in 2020. In a remarkable display of courage, Lynn Glenn, the widow of the company's chief executive, addressed employees at company headquarters the day after the fire. Safeguard the physical, the digital and everything in between while helping us drive change within the security industry. When youre an innovator dreaming on the edge of tomorrow, Arrows engineering services can help you take your idea from imagination to innovation. Duke Glenn served as chairman. Neither Thomson Reuters nor Arrow Electronics, Inc. (collectively "Arrow Electronics") has any control over the External Website, any data or other content contained therein or any additional linked websites. Fourth-quarter non-GAAP operating income was $437 million. Learn More Data Center. The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. Our organization has worked hard to capture these tremendous opportunities and deliver full-year earnings per share that were more than 75 percent higher than our previous record year.. Smart factories require reliable connectivity for machine-to-machine communication, increased flow and raw data. [4], In the early 1950s, with additional franchises and a small field sales organization, Arrow began selling electronic parts to industrial customers. anticipate business model shifts and create relevant, secure data centers designed for the future of your industry. mPm DIN Valve Connector, Type A, 2 Pole, Terminal No Tails, Black, Nitrile Gasket, Polyamide, NT$73.6629 Arrow Electronics, Inc. Business. We partner with customers to provide solutions that bring ideas to life and get end products to market faster. The company is based in Colorado and currently generates over US$1 billion in annual revenue across four Web properties. Industry Comparison. Strength. For a further discussion of these and other factors that could cause the companys future results to differ materially from any forward-looking statements, see the section entitled Risk Factors in the company's reports on Form 10-K and Form 10-Q and subsequent filings made with the Securities and Exchange Commission. Explore the roadblocks and proposed solutions for creating symbiotic opportunities between renewable energy and electric vehicles. Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Website") and that you do so at your own risk. Arrow was listed on the New York Stock Exchange in 1979. One of his first decisions was to go outside the company to recruit senior executives, rather than promote from within. That spring, the electronics industry was plunged into a recession, further crippling Arrow's recovery. Non-GAAP sales decreased 6 percent year over year. Business recovered during the next two years. John Hourigan So, you want to save money by using a low-cost system-on-a-chip (SoC)? Such waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). Arrow Electronics Rank History. About. As a result of our focused execution, global components delivered the highest margin levels in decades.. No one could anticipate that Arrow would have the fortitude to turn tragedy into the inspiration and drive that would make it one of the worlds largest technology distributors. For the first time, the internet of things (IoT) is creating a network of machine-to-machine communication, and the industrial world has been quick to take advantage of this technology. A global provider of products, services, and solutions, Arrow aggregates electronic components and enterprise computing solutions for customers and suppliers in industrial and commercial markets. Arrow responded by selling its Gates/Arrow unit, which sold PCs, printers, other peripherals, and software, for $44.7 million in cash. Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Website") and that you do so at your own risk. Visit website. About Arrow Electronics Arrow Electronics guides innovation forward for over 180,000 leading technology manufacturers and service providers. Fourth-quarter 2021 net income was $371 million, or $5.26 per share on a diluted basis, compared with net income of $236 million, or $3.08 per share on a diluted basis, in the fourth quarter of 2020. Meanwhile, Waddell also was trying to rebuild Arrow's senior management team. MANAGER (Former Employee) - Denver, CO - March 9, 2020. In 1997, Arrow bought the electronic components distribution business of U.K.-based Premier Farnell PLC. Arrow would end 1982 with $348 million in electronics-distribution sales, up $62 million, or 22 percent, for an industry-leading 1.1 percent growth in market share. Our website places cookies on your device to improve your experience and to improve our site. Finally, we can read about how these great companies came about with Company Histories.. As Forbes later reported, Kaufman, who spent several years in Europe as a consultant with McKinsey & Co., was "a confirmed internationalist. Please refresh the browser and try again. Learn more at fiveyearsout.com . It formed a joint venture to distribute electronic products in South Africa. Management believes that this non-GAAP information provides investors with additional information to assess Arrow Electronics' operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Innovate With Us FIVE YEARS OUT Where opportunity meets technology. Only Waddell, then an executive vice-president, who had stayed behind at company headquarters to answer questions about a two-for-one stock split announced earlier that day, survived from the senior management team. This is arguably taking place in the Electronics - Parts Distribution space as it currently has a Zacks Industry Rank of 4 out of more than 250 industries, suggesting it is well-positioned from . Please refresh the browser and try again. They also purchased a company that reclaimed lead from old car batteries. Last year they got a lot of people in the phone at one time to ten them they no longer have jobs. It all starts with sensors collecting data from the physical environment, Wireless technology dominates the connection between sensors and devices for IoT, Manage device connectivity, protocol translation, data processing, and more, Push your data into private, public, and hybrid cloud solutions, ATSAMA5D27 Microcontroller Development Board 128MB Flash Linux Kernel, Box PCs Intel AMI EFI DDR3L 204 Pin SODIMM Socket 8GB. Navigate the complexity of the channel and thrive with our deep technical expertise, modern IT solutions and digital distribution platforms. Learn about the latest innovations in the automotive industry and how they will impact the future of the industry. It operates under the Global Components Business and Global Enterprise Computing Solutions (Global ECS) segments. 10,000+ Employees. The benefits are decent. Vice President, Global Communications de C.V. (100%); Wyle Electronics Caribbean Corp. (100%); Marubun Corp. (5.2%). Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. The Company offers a variety of products including computer systems . But it's much more than that. In 1980, a fire in a hotel conference center killed 13 members of Arrows senior management, including Glenn and Green. Financial World noted, "Although economies of scale in electronics distribution are notoriously hard to come by, the purchase complements Arrow's network nicely--and gives Arrow the $1 billion heft it has been looking for." Long succeeded Mitchell as CEO, and in 2010 took over as chairman. (This business, having served its purpose, was sold in 1987 amidst problems associated with being designated an EPA Superfund site contaminated with lead and chromium. By the end of the decade, the companys electronics distribution sales had climbed to $177 million, establishing Arrow as the countrys second largest electronics distributor. Non-GAAP sales in the region decreased 3 percent year over year. The company relocated its headquarters office to Centennial, Colorado in 2011.[5]. Bring the technology puzzle together through curated expertise and the underlying global infrastructure you need to drive competitive advantage. CSR mission statement CSR mission statement Arrow Electronics believes that technology can improve people's lives. By the end of the decade, the company's electronics distribution sales had climbed to $177million, making Arrow the country's second largest electronics distributor. Arrow Intelligent Solutions. With 2022 sales of $37 billion, we develop technology solutions that improve business and daily life. Cookies and tracking technologies may be used for marketing purposes. Dec. 17, 2020, 2:02 AM. It operates through two segments; Global Components Business and Global Enterprise Read More Contact Who is Arrow Electronics Headquarters 3. The company also acquired a 50-percent interest in Silverstar Ltd. S.p.A., the largest electronics distributor in Italy. - NT$4,717.7002, NT$25.8567 Skilled in Microsoft Word, Sales, Time Management, Teamwork, and . With 2020 sales of $29 billion, Arrow develops technology solutions that improve business and daily life. You can sign up for additional subscriptions at any time. My goal is to use my technical and industry knowledge to support OEMs through the design process . A year later, Arrow purchased Lex Service's distribution businesses in France and the United Kingdom. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which could cause actual results or facts to differ materially from such statements for a variety of reasons, including, but not limited to: potential adverse effects of the ongoing global COVID-19 coronavirus pandemic, including actions taken to contain or treat COVID-19, industry conditions, changes in product supply, pricing and customer demand, competition, other vagaries in the global components and global enterprise computing solutions markets, changes in relationships with key suppliers, increased profit margin pressure, foreign currency fluctuation, changes in legal and regulatory matters, non-compliance with certain regulations, such as export, anti-trust, and anti-corruption laws, foreign tax and other loss contingencies, and the company's ability to generate cash flow. As consumers, we often take for granted all the hard work that goes into building a great company. Read our privacy policy here. Change in assets and liabilities, net of effects of acquired and disposed businesses: Net cash provided by operating activities, Acquisition of property, plant, and equipment, Change in short-term and other borrowings, Repayment of long-term bank borrowings, net, Settlement of forward-starting interest rate swap, Net cash provided by (used for) financing activities, Net increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Proceeds from sale of property, plant, and equipment, Cash paid for customer relationship intangible asset, Repayments of long-term bank borrowings, net, Net increase (decrease) in cash and cash equivalents, Cash and cash equivalents at beginning of year, Net income (loss) attributable to shareholders. Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. Waddell, who was named acting chief executive officer, embarked on what Fortune described as "a one-man campaign to assure security analysts, money managers, and journalists that the company was stable and recovery was underway." Hearing that from some of the people who . 12 among U.S. electronics distributors. Long, chairman, president, and chief executive officer. Arrow Electronics Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Kerins joined Arrow in 2007 as vice president of storage and networking, North America, for the companys enterprise computing solutions business. Get the latest Arrow Electronics, Inc ARW detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. By clicking "Accept" you acknowledge and agree that Arrow Electronics is not responsible, and does not accept or assume any responsibility or liability whatsoever for, the data protection policy, the content, the data or the technical operation of the External Website and/or any linked websites. Inverness, Colorado, and, chairman, president, and model shifts and create relevant, secure data designed. Be comparable to non-GAAP information used by other companies ; s much more than that not... 2019 sales of $ 37 billion, Arrow bought the electronic components distribution business of U.K.-based Premier Plc! Chart, news, analysis, fundamentals, trading and investment tools to distribute electronic products in South Africa reputable! A recession, further crippling Arrow 's senior management, Teamwork, and more... Subscriptions at any time also provides value-added services 2011. [ 5 ] 37 billion, Arrow develops solutions. 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