Arrow Electronics Inc. (NYSE: ARW), Englewood, CO, reported sales for the third quarter of $5 billion, an increase of 1.7 percent compared to the same period a year ago. Excluding acquisitions, sales were essentially flat. Profit decreased 6.6 percent to $96.8 million.
Global components third-quarter sales of $3.5 billion increased 3 percent year-over-year. Global ECS third-quarter sales of $1.6 billion decreased 1 percent.
For the first nine months, sales were $15.2 billion, an increase of 1.3 percent compared to the same period a year ago. Excluding acquisitions, sales increased 0.8 percent. Profit decreased 20.2 percent to $264.6 million.
Looking ahead, the company currently expects to see normal seasonality in the fourth quarter.