Arrow electronics reports third-quarter 2023 results

Centennial, colo.--(business wire)--arrow electronics, inc. (nyse:arw) today reported third-quarter 2023 sales of $8.01 billion, a decrease of 14 percent year over year. third-quarter net income was $199 million, or $3.53 per share on a diluted basis, compared with net income of $342 million, or $5.27 per share on a diluted basis, in the third quarter of 2022. non-gaap net income1 was $233 million, or $4.14 per share on a diluted basis, in the third quarter of 2023, compared with non-gaap net i.
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