ARW $131.53

ARW target price
Arrow Electronics, Inc.
Traded as NYSE: ARW
S&P 400 Component
Industry Electronics
Founded 1935, New York City
Headquarters Centennial, Colorado
Key people
Michael J. Long, President & CEO,
Chris Stansbury SVP and CFO
Revenue IncreaseUS$23.82 billion (FY 2016)
Operating income
IncreaseUS$858.5 million(FY 2016)
Net income
IncreaseUS$524.7 million (FY 2016)
Total assets IncreaseUS$14.2 billion (FY 2016)
Total equity IncreaseUS$4.46 billion (FY 2016)
Number of employees
18,100 (June 2017)
Website www.fiveyearsout.com

Coordinates: 39°35′26″N 104°52′09″W / 39.590568°N 104.869118°W / 39.590568; -104.869118

Arrow Electronics is an American Fortune 500 company headquartered in Centennial, Colorado. The company specializes in distribution and value added services relating to electronic components and computer products. The firm reported USD$23.8 billion in revenue in 2016.

Arrow Electronics was founded in 1935 when a retail store named Arrow Radio opened on Cortlandt Street in the heart of lower Manhattan’s “Radio Row,” the birthplace of electronics distribution. Arrow Radio, established by Maurice (“Murray”) Goldberg, sold used radios and radio parts to retail customers. Other industry pioneers with businesses nearby were Charles Avnet and Seymour Schweber.

By the 1940s Arrow was selling new radios—manufactured by RCA, GE, and Philco—and other home entertainment products, as well as surplus radio parts that were retailed over-the-counter in a parts department at the back of the store. Soon the firm started seeking franchises to sell new parts; the first manufacturers to franchise Arrow were RCA and Cornell Dubilier. The business was incorporated as Arrow Electronics, Inc. in 1946.

In the early 1950s, with additional franchises and a small field sales organization, Arrow began selling electronic parts to industrial customers. A second storefront/sales office was opened in Mineola, Long Island in 1956. By 1961, when the company completed its initial public offering and listed its shares on the American Stock Exchange, total sales amounted to $4 million, over half of which came from the industrial sales division, with the remainder from the traditional retail business. During the 1960s, Arrow moved its headquarters to Farmingdale, New York (Long Island), and opened additional branches in Norwalk, Connecticut and Totowa, New Jersey. The company relocated its headquarters office to Centennial, Colorado in 2011.

In 1968, Glenn, Green & Waddell, a partnership formed by three recent graduates of the Harvard Business School, B. Duke Glenn, Jr., Roger E. Green, and John C. Waddell, led a private investor group that acquired the controlling interest in Arrow. The investors saw an opportunity to consolidate the fragmented electronics industry. Duke Glenn served as Chairman.

Entering the 1970s with $9 million of annual distribution sales, Arrow ranked no. 12 among U.S. electronics distributors. No. 1-ranked Avnet was 8-times Arrow’s size.

During the ’70s decade, by winning key semiconductor franchises (led by Texas Instruments in 1970) and opening sales offices in over 20 U.S. cities, Arrow grew its electronics distribution business at an average annual rate of 34 percent. By the end of the decade, the company’s electronics distribution sales had climbed to $177 million, making Arrow the country's second largest electronics distributor.

The company took on high levels of debt through frequent public bond offerings, to fund its growth strategy. Additional growth capital was provided through the 1969 acquisition of Schuylkill Metals Corporation, a lead recycling company. (This business, having served its purpose, was sold in 1987 amidst problems associated with being designated an EPA Superfund site contaminated with lead and chromium.)

In the 1970s, Arrow discontinued its retail operations and inaugurated the electronics distribution’s first integrated on-line, real-time computer system to provide up-to-the-minute inventory positions and facilitate remote order entry. In 1979, Arrow was listed on the New York Stock Exchange. The same year, it acquired Cramer Electronics (historically the U.S.’s second-largest distributor), the company’s first major industry acquisition, which provided access to many markets in the western United States.

In 1980, a fire in a hotel conference center killed 13 members of Arrow’s senior management, including Glenn and Green. Waddell assumed leadership and, in 1982, recruited Stephen P. Kaufman, formerly a partner of McKinsey & Company, to join Arrow as President of the company’s Electronics Distribution Division. Kaufman succeeded Waddell as CEO in 1986 and as Chairman in 1994.

During his nearly two decades with Arrow, Kaufman led the company's consolidation of the U.S. electronics distribution industry as well as the company’s expansion into Europe and the Asia-Pacific region. Under Kaufman’s leadership, Arrow completed over 50 acquisitions of electronics distributors, including such prominent names as Ducommun (Kierulff), Lex (Schweber), Zeus, Anthem, Bell, and Wyle (all in the U.S.), Spoerle (Germany), Silverstar (Italy), and CAL (Hong Kong and China). Kaufman also led the company into the national distribution of commercial computer products, initially through its acquisition of Gates/FA Distributing. Arrow entered the 21st century with global sales of $9 billion—$6 billion of electronic components and $3 billion of computer products.

Kaufman stepped down as CEO in 2000, retired as Chairman in 2002, and was succeeded by Daniel W. Duval, a 15-year Arrow board veteran. In 2003, William E. Mitchell, former President of the Global Services Division of Solectron Corporation, joined Arrow as Chief Executive Officer and, in 2006, became Chairman. During Mitchell’s six years at Arrow, sales climbed to $17 billion as the company increased shareholder returns, improved operating efficiencies, and completed 17 acquisitions.

In 2009, Michael J. Long succeeded Mitchell as CEO, and in 2010 took over as Chairman. A long-time Arrow executive, Long joined the company in 1991 and served in various senior management positions before becoming CEO. Since Long’s appointment, Arrow has completed over 40 strategic acquisitions that further expand its global components and computer systems businesses, project the company into the unified communications arena, and add reverse logistics and end-of-life management to Arrow’s product-life-cycle services.

Arrow ranks #118 on the Fortune 500 list in 2017 (based on the company's 2016 sales of $23.8 billion).

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-08-04 5.78 5.78
Q1 2022 2022-05-05 5.43 5.43
Q4 2021 2022-02-03 5.37 5.37
Q3 2021 2021-11-04 4.04 4.04
Q2 2021 2021-08-05 3.34 3.34
Q1 2021 2021-05-06 2.84 2.84
Q4 2020 2021-02-04 3.17 3.17
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-07-30 1.59 1.68


2016-07-07 Downgrade Goldman Sachs Group Inc. Conviction-Buy to Buy
2016-06-25 Reiterated Rating SunTrust Buy
2016-06-25 Reiterated Rating SunTrust Banks Inc. Buy
2016-05-10 Upgrade Goldman Sachs Buy to Conviction-Buy
2016-05-10 Upgrade Goldman Sachs Group Inc. Buy to Conviction-Buy
2016-05-04 Reiterated Rating Brean Capital Buy $62.00 to $68.00
2016-05-02 Downgrade Citigroup Inc. Buy to Sell $70.00 to $53.00
2016-04-27 Initiated Coverage Bank of America Buy
2016-04-27 Initiated Coverage Bank of America Corp. Buy
2016-03-14 Upgrade Goldman Sachs Neutral to Buy $59.00 to $69.00
2016-02-08 Reiterated Rating Deutsche Bank Hold $58.00
2016-02-08 Reiterated Rating Deutsche Bank AG Hold $58.00
2016-02-05 Reiterated Rating Brean Capital Buy
2016-01-22 Upgrade Longbow Research Neutral to Buy $63.00
2015-11-01 Reiterated Rating Deutsche Bank Hold $58.00
2015-10-29 Reiterated Rating Brean Capital Buy $66.00 to $62.00
2015-07-29 Reiterated Rating Brean Capital Buy $66.00
2015-06-24 Upgrade Cross Research Hold to Buy
2015-06-08 Reiterated Rating Longbow Research Neutral
2015-03-09 Downgrade Longbow Research Buy to Neutral $64.00
2015-02-08 Reiterated Rating Brean Capital Buy $66.00
2014-10-30 Reiterated Rating Stifel Nicolaus Buy $58.00 to $64.00
2014-10-16 Lower Price Target Stifel Nicolaus Buy $66.00 to $58.00
2014-08-18 Downgrade Goldman Sachs Buy to Neutral $60.00 to $59.00
2014-07-30 Boost Price Target Brean Capital Buy $64.00 to $66.00
2014-07-30 Reiterated Rating Deutsche Bank Hold $55.00 to $60.00
2014-05-07 Reiterated Stifel Buy $58 to $62
2014-05-07 Boost Price Target Stifel Nicolaus Buy $58.00 to $62.00
2014-02-18 Upgrade Ned Davis Research Neutral to Buy
2014-02-06 Boost Price Target Brean Capital Buy $54.00 to $57.00
2014-02-06 Boost Price Target Deutsche Bank Hold $50.00 to $55.00
2013-12-30 Upgrade Ned Davis Research Neutral to Buy
2013-11-13 Reiterated Stifel Buy $55 to $58
2013-11-13 Boost Price Target Stifel Nicolaus Buy $55.00 to $58.00
2013-11-01 Boost Price Target Stifel Nicolaus Buy $50.00 to $55.00
2013-10-31 Boost Price Target Brean Capital Buy $51.00 to $54.00
2013-10-14 Downgrade Deutsche Bank Buy to Hold $50.00
2013-10-08 Initiated Coverage SunTrust Buy
2013-02-11 Reiterated UBS Buy $42 to $45
2012-06-19 Reiterated Deutsche Bank Buy $49 to $44
2012-02-02 Reiterated Miller Tabak Buy $45 to $49
2012-02-02 Reiterated Brean Murray Buy $42 to $48
2011-06-30 Upgrade Deutsche Bank Hold to Buy $50 to $48
2011-04-28 Reiterated UBS Buy $47 to $52
2011-04-28 Reiterated Miller Tabak Buy $50 to $54
2011-04-28 Reiterated Longbow Buy $49 to $54
2011-04-28 Reiterated Brean Murray Buy $48 to $55
2011-03-08 Upgrade Stifel Nicolaus Hold to Buy $48
2011-02-03 Reiterated UBS Buy $45 to $47
2016-07-07 Downgrade Goldman Sachs Group Inc. Conviction-Buy to Buy
2016-06-25 Reiterated Rating SunTrust Buy
2016-06-25 Reiterated Rating SunTrust Banks Inc. Buy
2016-05-10 Upgrade Goldman Sachs Buy to Conviction-Buy
2016-05-10 Upgrade Goldman Sachs Group Inc. Buy to Conviction-Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
LONG MICHAEL J Chairman, President & CEO 0.43%  (422436) ABC / ARW /
Kong Peter T M President, Global Components 0.13%  (124257) ARW / FOE / KLIC /
REILLY PAUL J Executive Vice President & CFO 0.10%  (103494) AIZ / ARW / CCMP /
Stansbury Christopher SVP & Chief Financial Officer 0.05%  (50546) ARW /
King Andrew President, Global Components 0.04%  (40726) ARW /
Kerins Sean J President, Global ECS 0.03%  (34161) ARW /
Schuck Eric President, Global Components 0.03%  (30112) ARW /
Zech Gretchen Senior VP, Human Resources 0.03%  (26314) ARW /
HANSON JOHN NILS 0.03%  (25885) ARW / JOY /
BROWN PETER S Senior VP & General Counsel 0.02%  (23204) ARW /
Morris Mary Catherine Senior VP & CSO 0.02%  (20742) ARW / GTI / ZAYO /
Melvin Vincent P VP & Chief Information Officer 0.02%  (18371) ARW /
Kostalnick Charles II Chief Supply Chain Officer 0.02%  (16472) ARW / SANM /
Tarpinian Gregory Senior VP & General Counsel 0.02%  (15851) ARW /
Anderson Matthew R SVP & Chief Digital Officer 0.02%  (14948) ARW /
BRYANT ANDREW S President, Global ECS 0.01%  (9279) ARW /