Arrow Electronics revenues grew 13% year over year to $7.71 billion in Q3.
Across the first nine months of its financial year revenues grew 8% to $22.1 billion.
Global component sales advanced 12% year on year to $5.55 billion and 3% in the financial year so far to $15.61 billion.
Americas components third-quarter sales increased 4% year over year to $1.71 billion. EMEA components third-quarter sales jumped 12% year over year to $1.44 billion. Asia-Pacific components third-quarter sales leapt 19% year over year to $2.4 billion.
Global enterprise computer solutions revenues climbed 15% to $2.15 billion year over year.
“The third quarter marked another period of progress for Arrow as we executed against our strategic priorities,” said Bill Austen, Arrow’s interim President and Chief Executive Officer. “I’m pleased to share that we delivered solid revenue and earnings per share during the quarter, bolstered by meaningful contributions from both our global components and enterprise computing solutions segments as we delivered high-quality, innovative technology solutions to our customers.
“These results were especially notable as they were achieved within a market that continues to gradually recover from a prolonged cyclical correction. The fundamentals across our business remain resilient, and we are well-positioned to emerge from this environment with improved momentum, underpinned by the decisive actions we are taking to continue driving strong operational and financial performance. As we head into the fourth quarter, I remain confident in Arrow’s path forward and the long-term growth opportunities ahead as we drive disciplined execution, strengthen our customer partnerships and deliver sustainable value for our shareholders.”
Arrow’s Q4 outlook is for consolidated sales of $7.80 billion to $8.40 billion, with global components sales of $5.10 billion to $5.50 billion, and global enterprise computing solutions sales of $2.70 billion to $2.90 billion
