Arrow Electronics Full Year 2023 Earnings: In Line With Expectations
Arrow Electronics (NYSE:ARW) Full Year 2023 Results
Key Financial Results
Revenue: US$33.1b (down 11% from FY 2022).
Net income: US$903.5m (down 37% from FY 2022).
Profit margin: 2.7% (down from 3.8% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$16.03 (down from US$22.01 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arrow Electronics Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Electronic industry in the US are expected to grow by 5.3%.
Performance of the American Electronic industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Arrow Electronics that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
