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Electronic components distributor Arrow Electronics Inc. (NYSE: ARW), Centennial, CO, reported second-quarter sales of $7.39 billion, an increase of 15 percent compared with the second quarter of 2017. The company reported second-quarter net income of $170 million.
Second-quarter sales in Arrow’s global components business were $5.28 billion, an 18 percent increase year-over-year. Americas components sales increased 14 percent, Asia-Pacific components sales increased 21 percent, and Europe components sales increased 21 percent year-over-year.
Sales in Arrow’s global enterprise computing solutions business were $2.11 billion, an increase of 8 percent year-over-year. Americas enterprise computing solutions sales increased 6 percent, and Europe enterprise computing solutions sales increased 10 percent year-over-year.
Sales for the first six months of 2018 were $14.27 billion, up 17 percent compared with the first six months of 2017. Net income for the first six months of 2018 was $309 million, compared with net income of $214 million in the year-ago period.