Arrow electronics reports first-quarter 2023 results

Centennial, colo.--(business wire)--arrow electronics, inc. (nyse:arw) today reported first-quarter 2023 sales of $8.74 billion, a decrease of 4 percent year over year, and a decrease of 2 percent year over year on a constant currency basis1. first-quarter net income was $274 million, or $4.60 per share on a diluted basis, compared with net income of $365 million, or $5.31 per share on a diluted basis, in the first quarter of 2022. non-gaap net income1 was $274 million, or $4.60 per share on a.
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