Arrow Electronics Sales Up 2% in 2016

Profits grew 5 percent year-over-year.

Arrow Electronics Inc. (NYSE: ARW), Centennial, CO, reported sales for 2016 of $23.8 billion, up 2 percent from 2015. Profit increased 5 percent to $523 million. In 2016, changes in foreign currencies had negative impacts on growth of about 1 percent on sales.

For the fourth quarter, sales were $6.4 billion, down 5 percent from the same period a year ago. Profit increased 4 percent to $165 million. Changes in foreign currencies had negative impacts on growth of about 1 percent on sales during the quarter.

“Our digital transformation and IoT solutions spanning from sensor to sunset helped drive record full-year sales and earnings per share,” said Michael Long, president, and CEO.

Global components fourth-quarter sales of $4 billion grew 9 percent year-over-year. Americas components sales grew 4 percent. Asia-Pacific components sales grew 22 percent. Europe components sales declined 1 percent.

Global enterprise computing solutions fourth-quarter sales of $2.45 billion declined 21 percent year-over-year. Sales were unfavorably impacted by approximately $250 million due to a later calendar start to the fourth quarter of 2016 and by about $250 million from a decrease in hardware sales offset by an increase in software sales.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access