The 2020 Mid-Year Economic Update_long

Arrow Electronics 3Q Sales Up 11.2%

Year to date, sales have increased 7.7 percent.

Arrow Electronics Inc. (NYSE: ARW), Englewood, CO, reported sales for the third quarter of $5.6 billion, an increase of 11.2 percent compared to the same period a year ago. Profit increased 16.9 percent to $140.2 million.

Global components third-quarter sales of $3.7 billion increased 7.6 percent year-over-year. Global ECS third-quarter sales of $1.8 billion increased 19 percent.

For the first nine months, sales were $16.4 billion, an increase of 7.7 percent compared to the same period a year ago. Excluding acquisitions, sales increased 0.8 percent. Profit increased 17.7 percent to $408.6 million.

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