Arrow Electronics achieved a revenue of $37.12 billion in 2022, an increase of 8% year-on-year

Q4 Revenue Data

Arrow President and CEO Sean Kerins said, "I am pleased to report that this (Q4) is another great quarter. Our global components and global enterprise computing solutions business has performed well in still challenging market conditions." "Our dedicated team has helped us achieve strong quarterly sales, gross profit, revenue, and earnings per share

Specifically, in the fourth quarter of 2022, sales amounted to $9.32 billion, a year-on-year increase of 3% and an 8% increase on a fixed exchange rate basis. Net income for the fourth quarter of 2022 was $349 million, diluted to $5.66 per share.

From a business perspective, (1) Global parts sales in the fourth quarter were 6.83 billion US dollars, a year-on-year increase of 2%, and a year-on-year increase of 6% at fixed exchange rates.

The overall demand for electronic components and related design, engineering, and supply chain services in the Americas and Europe has remained healthy, but our demand in Asia, especially in China, has decreased, "Kerins explained.

(2) The fourth quarter sales of Global Enterprise Computing Solutions (ECS) were $2.5 billion, a year-on-year increase of 7%, and at fixed exchange rates, a year-on-year increase of 12%.

Kerins analyzed, "Hardware supply constraints are easing, and demand for most of our key technology categories remains strong. We continue to see advantages in cloud, IT as a service, and enterprise software adoption, and we are satisfied with business results

Annual revenue data

In 2022, Airui Electronics' annual sales reached $37.12 billion, an increase of 8% year-on-year, and at a fixed exchange rate, an increase of 11% year-on-year. The net income for 2022 was $1.43 billion, diluted at $21.80 per share, while the net income for 2021 was $1.11 billion, diluted at $15.10 per share.

In 2022, we achieved the best financial performance in the company's history. During this year, we continued to invest to support customer demand, continue to grow, and generate strong shareholder returns in the process, "Kerins said." We continue to have confidence in Arrow's business and long-term growth potential

Finally, looking forward to the first quarter of 2023, it is predicted that Q1 consolidated sales will range from $8.33 billion to $8.93 billion, of which global component sales will range from $6.55 billion to $6.85 billion, and global enterprise computing solution sales will range from $1.78 billion to $2.08 billion.