ARROW ELECTRONICS INC
For the period ended Sep 28, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 28, 2024 · Filed Oct 31, 2024
ARW$191.84+5.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands except per share data)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Quarter Ended · · Nine Months Ended · | |||||||||||||
| · · September 28, · · September 30, · · September 28, · · September 30, · | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Sales | | $6,823,319 | | $8,007,019 | | $20,640,447 | | $25,257,963 | | ||||
| Cost of sales | | 6,038,491 | | 7,027,422 | | 18,151,349 | | 22,098,495 | | ||||
| Gross profit | | 784,828 | | 979,597 | | 2,489,098 | | 3,159,468 | | ||||
| Operating expenses: | | | | | | ||||||||
| Selling, general, and administrative | | 534,508 | | 563,150 | | 1,670,429 | | 1,822,783 | | ||||
| Depreciation and amortization | | 40,592 | | 45,005 | | 123,356 | | 137,948 | | ||||
| Restructuring, integration, and other | | 34,466 | | 31,359 | | 121,859 | | 44,252 | | ||||
| | | 609,566 | | 639,514 | | 1,915,644 | | 2,004,983 | | ||||
| Operating income | | 175,262 | | 340,083 | | 573,454 | | 1,154,485 | | ||||
| Equity in earnings of affiliated companies | | 1,002 | | 1,392 | | 1,912 | | 4,373 | | ||||
| Gain (loss) on investments, net | | 3,757 | | (6,159) | | (760) | | 4,649 | | ||||
| Loss on extinguishment of debt | | | — | | | — | | | (1,657) | | | — | |
| Employee benefit plan expense, net | | (979) | | (854) | | (2,892) | | (2,510) | | ||||
| Interest and other financing expense, net | | (62,947) | | (82,180) | | (209,442) | | (246,672) | | ||||
| Income before income taxes | | 116,095 | | 252,282 | | 360,615 | | 914,325 | | ||||
| Provision for income taxes | | 15,198 | | 52,241 | | 66,996 | | 201,168 | | ||||
| Consolidated net income | | 100,897 | | 200,041 | | 293,619 | | 713,157 | | ||||
| Noncontrolling interests | | 330 | | 1,382 | | 753 | | 4,189 | | ||||
| Net income attributable to shareholders | | $100,567 | | $198,659 | | $292,866 | | $708,968 | | ||||
| | | | | | | | | | | | | | |
| Net income per share: | | | | | | ||||||||
| Basic | | $1.90 | | $3.57 | | $5.48 | | $12.43 | | ||||
| Diluted | | $1.88 | | $3.53 | | $5.42 | | $12.28 | | ||||
| Weighted-average shares outstanding: | | | | | | ||||||||
| Basic | | 53,010 | | 55,597 | | 53,476 | | 57,021 | | ||||
| Diluted | | 53,475 | | 56,298 | | 53,999 | | 57,715 | | ||||
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