Arrow – OfdmFORUM

Arrow Electronics Hires Previous Dell EMC Exec As ECS President

June 12, 2023 Audrey

&#13

Channel Information

&#13

Joseph F. Kovar

&#13

May 22, 2023, 05:16 PM EDT

Daniel Campbell, a 20-yr Dell EMC veteran and just lately world profits govt vice president at NCR, is replacing Mark Taylor as president of Arrow Electronics Business Computing Answers business.

Mark Taylor, who for over two-and-a-50 percent decades has led IT distributor Arrow Electronics North The united states Company Computing Alternatives company as president, will be leaving the firm.

Having above the job is Daniel Campbell, who on Monday was unveiled by the Centennial, Colo.-based mostly distributor as the new president of Arrow’s North America Company Computing Alternatives, also identified by its ECS acronym.

Arrow stated Taylor is transitioning out of the enterprise and performing with Campbell and Kristin Russell, president of Arrow’s world-wide company computing methods company, throughout the handover of his duties. Taylor is slated to go away the enterprise on June 2.

[Related:
Arrow Electronics Taps Sean Kerins As The Distributor’s New CEO
]

Company Computing Solutions is the IT distribution arm of Arrow Electronics, which also has an electronics factors and lifecycle businesses.

Taylor was not able to supply extra info to CRN by press time.

Though Taylor served as president of Arrow Electronics North The usa ECS organization, it was not his initial stint at Arrow Electronics. He earlier put in 9 several years at Arrow Electronics, and to start with still left the business in March of 2016 to join Pitney Bowes as senior vice president of world wide software program channels.

Campbell will come to Arrow Electronics ECS from software program developer Speedchain, wherever he served as an advisor for the past 13 months.

Prior to that, Campbell was executive vice president of world wide gross sales at NCR for more than four years, becoming a member of that business in early 2018 right after virtually 20 yrs at Dell EMC. His time there was expended largely with EMC, but for his past just about a few 12 months he was senior vice president of that company’s Virtustream organization.

Campbell has the proper expertise to choose over for Taylor, said Rusell mentioned in a organized statement.

“Dan is a seasoned government, primary all areas of product sales in cloud, program, alliances and consumer achievement initiatives. He will come to our enterprise section that has prospered below Mark’s leadership, and we look forward to Dan’s deep field expertise shaping our subsequent chapter,” Russell stated.

Learn About Joseph F. Kovar

Joseph F. Kovar

Joseph F. Kovar is a senior editor and reporter for the storage and the non-tech-centered channel beats for CRN. He keeps readers abreast of the latest issues associated to this kind of spots as information lifetime-cycle, organization continuity and catastrophe restoration, and data centers, alongside with related companies and software package, even though highlighting some of the essential traits that influence the IT channel in general. He can be arrived at at [email protected].

Arrow Electronics (ARW) Tops Q1 Earnings & Revenue Estimates

May 14, 2022 Audrey

Arrow Electronics ARW reported impressive first-quarter 2022 results. The company’s adjusted earnings of $5.43 per share beat the Zacks Consensus Estimate of $4.53. The bottom line improved by a whopping 91% on a year-over-year basis.

In the first quarter of 2022, the company reported revenues of $9.07 billion, up 8% from the year-ago quarter. Excluding the impact of unfavorable currency exchange rates, sales increased 10.2%. The top line also surpassed the consensus mark of $8.67 billion.

Arrow Electronics has been witnessing the increasing demand for electronic components and software, cloud and security solutions. However, supply-chain constraints have been limiting its ability to capitalize on the growing demand.

Arrow Electronics, Inc. Price, Consensus and EPS Surprise

Arrow Electronics, Inc. price-consensus-eps-surprise-chart | Arrow Electronics, Inc. Quote

Segment Details

Adjusted revenues from Global Components increased 13.5% year over year to $7.2 billion. Region-wise, the segment’s revenues from America jumped 37.6% year over year. Adjusted sales from Europe increased 31.1% year over year. Global Components’ sales in the Asia Pacific region were down 7.6% on a year-over-year basis.

Adjusted revenues from Global Enterprise Computing Solutions (“ECS”) came in at $1.88 billion, down 0.9% year over year. Region-wise, the segment’s revenues from America fell 8.8%, while Europe’s revenues increased 11.4%.

The non-GAAP operating income from Global Components and Global ECS were $506 million and $88 million, respectively.

Margins

Arrow Electronics’ non-GAAP gross profit climbed 29.8% to $1.21 billion in the first quarter from the prior-year quarter’s $930.1 million. The non-GAAP gross margin expanded 220 basis points (bps) year over year to 13.3%.

The non-GAAP operating income surged 66.7% to $524.3 million in the January-March 2022 quarter from the year-ago quarter’s $314.5 million. The non-GAAP operating margin grew 200 bps to 5.8%.

Balance Sheet and Cash Flow

Arrow Electronics exited the first quarter with cash and cash equivalents of $242.8 million compared with the previous quarter’s $222.2 million.

The long-term debt was $2.79 billion, higher than $2.24 billion at the end of the fourth quarter of 2021.

The New York-based electronic components distributor used $200.2 million of cash for operating activities during the first quarter. In the first quarter of 2022, ARW returned $264.4 million worth of shares to its shareholders through the stock-repurchase program. It has $513 million remaining under its current share-repurchase authorization.

Guidance

For the second quarter of 2022, sales are estimated between $9.04 billion and $9.64 billion.

Global Components sales are projected in the range of $7.29-$7.59 billion. Global ECS sales are anticipated in the band of $1.75-$2.05 billion.

Interest expenses will presumably be about $36 million. As a result, the company projects non-GAAP earnings per share (EPS) in the range of $5.48-$5.64.

Arrow Electronics expects changes in foreign currencies to decrease second-quarter sales by approximately $300 million and EPS by 20 cents.

Zacks Rank & Stocks to Consider

Arrow Electronics currently carries a Zacks Rank #4 (Sell). Shares of ARW have rallied 5.9% in the past year.

Some better-ranked stocks from

Zacks.com highlighted highlights Marathon Oil, Nutrien, Arrow Electronics, Micron Technology and Teck Assets

April 5, 2022 Audrey

For Instant Launch

Chicago, IL – March 31, 2022 – Stocks in this week’s posting are Marathon Oil Corp. MRO, Nutrien Ltd. NTR, Arrow Electronics Inc. ARW, Micron Engineering MU and Teck Methods Ltd. TECK.

Incorporate These 4 Significant Earnings Generate Price Picks to Your Kitty

Value investing is all about ferreting out stocks that are currently priced reduced than their intrinsic benefit. But how do value buyers go about discovering these hidden gems? Numerous favor rate to earnings (P/E) and value to profits (P/S) ratios for pinpointing very low-priced shares with extraordinary returns.

You can find another attention-grabbing ratio that you can contemplate for getting attractively valued stocks. And that is earnings generate, which is practically nothing but the reciprocal of the P/E ratio, albeit a minor extra illuminating than the traditional P/E ratio.

Earnings Generate is measured as (Once-a-year Earnings for each Share/Market place Selling price) x 100. When comparing identical shares, the a person with greater earnings yield is far more probable to provide better returns, with other aspects remaining frequent. Marathon Oil Corp., Nutrien Ltd., Arrow Electronics Inc., Micron Engineering and Teck Methods Ltd. could be some interesting bets if you are searching for high earnings yield picks.

Earnings yield has an edge in excess of the P/E ratio as the previous facilitates the comparison of shares with preset-income securities. Traders often look at the earnings yield of a inventory to the prevailing desire charges, these kinds of as the recent 10-year Treasury produce, to get a feeling of the return on investment decision it offers when compared to nearly chance-free of charge returns.

If the produce on a inventory is decreased than the 10-12 months Treasury yield, it would be regarded as overvalued relative to bonds. Conversely, if the generate on the stock is increased, it would be regarded as undervalued. In this condition, investing in the stock industry would be a superior possibility for a value trader.

It is critical to recall that T-expenses are danger no cost, although inventory investments appear with a caveat. It would be a fantastic idea to incorporate a possibility premium to the Treasury produce when comparing it with the earnings generate of a inventory or the over-all current market.

Right here are our 4 of the 123 stocks that qualified the screening:

Nutrien: Canada-based mostly Nutrien is a primary supplier of crop inputs and providers. The corporation is benefiting from good desire and higher prices of crop vitamins on power in the global agriculture marketplaces. NTR is also gaining from acquisitions, value effectiveness and enhanced adoption of its electronic platform. The enterprise proceeds to expand its footprint in Brazil by acquisitions, such as Tec Agro.

Nutrien at this time sports activities a Zacks Rank #1 (Potent Obtain). It has an anticipated earnings development fee of 106.4% for the present yr. The Zacks Consensus Estimate for earnings of NTR for the current yr has moved up 37.8% in the previous 60 times.

Marathon

2 Under-the-Radar Industrial Electronics Stocks to Add to Your Watchlist: Arrow and Avnet

March 19, 2022 Audrey

As the U.S. economy witnesses a steady recovery despite heightened geopolitical tensions and deepening supply chain disruptions, industrial production is regaining momentum. This should drive the demand for industrial electronics. Therefore, we think it could be wise to add under-the-radar industrial electronics stocks Arrow Electronics (ARW) and Avnet (AVT) to one’s watchlist. Let’s discuss.

The U.S. economy continues to recover despite geopolitical tensions generated by Russia’s invasion of Ukraine and deepening supply chain disruptions. The resumption of industrial activities is driving the demand for industrial electronics. In January, industrial production jumped 1.4%, surpassing the 0.5% estimates. Capacity utilization also saw its highest increase after March 2019, rising 77.6%.

Industrial electronics are known to play a vital role in improving the efficiency and productivity of various industries. It deals with power electronic switches, actuators, IEDs, meters, sensors, automation equipment, etc. As industrial production rises, the industrial electronics industry benefits. According to Precedence Research, the power electronics market is expected to grow at a 5.2% CAGR to $37.30 billion by 2030.

Given this backdrop, we think it could be wise to add under-the-radar industrial electronic stocks Arrow Electronics, Inc. (ARW) and Avnet, Inc. (AVT) to your watchlist.

Click here to check out our Industrial Sector Report for 2022

Arrow Electronics, Inc. (ARW)

ARW provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Centennial, Colo.-based company operates through the Global Components business and the Global Enterprise Computing Solutions (ECS) business.

On Feb. 10, 2022, ARW announced that it had signed an agreement with Finland-based Real-Time Location Systems specialist Quuppa, whose Intelligent Locating System tracks tags and devices within a few centimeters and with millisecond latency. ARW’s VP product management and supplier marketing EMEA, Matthias Hutter, said, “Location services are being adopted across many markets, and the addition of Quuppa’s portfolio gives our customers further choice and flexibility in their product designs.”

ARW’s net sales increased 6.6% year-over-year to $9.01 billion for the fourth quarter, ended Dec. 31, 2021. The company’s non-GAAP net income increased 55.9% year-over-year to $379 million. Also, its non-GAAP EPS came in at $5.37, representing a 69.4% increase year-over-year.

Analysts expect ARW’s EPS for the quarter ending March 31, 2022, to increase 60.2% year-over-year to $4.55. Its revenue for fiscal 2022 is expected to increase 4.9% year-over-year to $36.17 billion. And it surpassed the Street’s EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 11.6% in price to close the last trading session at $113.88.

ARW’s strong fundamentals are reflected in its POWR Ratings. It has an overall A rating, which equates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.

It has a B grade for Growth and Value. It is ranked first of 47 stocks in the Technology – Electronics industry. Click