Arrow electronics reports fourth-quarter and full-year 2022 results

Centennial, colo.--( business wire )--arrow electronics, inc. (nyse:arw) today reported fourth-quarter 2022 sales of $9.32 billion, an increase of 3 percent year over year, and an increase of 8 percent year over year on a constant currency basis1. fourth-quarter 2022 net income was $349 million, or $5.66 per share on a diluted basis, compared with net income of $371 million, or $5.26 per share on a diluted basis, in the fourth quarter of 2021. non-gaap net income1 was $351 million, or $5.69 per share on a diluted basis, in the fourth quarter of 2022, compared with non-gaap net income of $379 million, or $5.37 per share on a diluted basis, in the fourth quarter of 2021. in the fourth quarter of 2022, changes in foreign currencies had negative impacts on growth of approximately $357 million on sales and $0.19 on earnings per share on a diluted basis compared to the fourth quarter of 2021.
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