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News Breaks
February 7, 2013
08:09 EDTARWArrow Electronics sees Q1 EPS ex-charges 80c-92c, consensus 89c
Sees Q1 revenue $4.6B-$5B, consensus $4.84B. The company said, "Looking ahead to the first quarter of 2013, there remains economic uncertainty in the United States due to the ongoing fiscal cliff and budget negotiations. Fourth-quarter U.S. GDP numbers showed the first contraction in the U.S. economy in over three years. The Euro Zone’s economy also contracted in the fourth quarter and there are no meaningful signs of improvement for the near term. In light of these negative economic indicators, the company remains cautious in the outlook for business activity in the first quarter and would expect less than normal seasonality in the global components business. With this economic uncertainty as a backdrop, the company is embarking on an incremental productivity enhancement program that will include expense reductions of $40M on an annual basis."
News For ARW From The Last 14 Days
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March 2, 2015
08:04 EDTARWArrow Electronics to acquire immixGroup
Arrow Electronics has signed a definitive agreement to acquire immixGroup, Inc., a value-added distributor supporting over 800 value-added resellers, solution providers, service providers, and other public sector channel partners with specialized resources to accelerate their government sales. This acquisition is expected to be 10c-14c accretive to EPS, excluding the impact of the amortization of related intangible assets, in the first year post closing. The acquisition is subject to regulatory approvals and is expected to close at the beginning of the second quarter of 2015.
February 25, 2015
13:47 EDTARWArrow Electronics, Inforce Computing announce global franchise agreement
Arrow Electronics and Inforce Computing announced a global franchise agreement for Inforce Computing’s embedded solutions. Inforce Computing is a supplier of application-ready embedded hardware platforms for low-power, small footprint, and high-performance solutions based on the Qualcomm Snapdragon families of processors and chipsets. Inforce’s system-on-module, single-board-computer, development kits, and wireless technologies have enabled OEM solutions in diverse markets such as portable medical imaging, collaboration and videoconferencing, hands-free computing, robotics, and drones. Inforce leverages mobile and embedded Internet technologies to provide hardware and software support for the long term.
February 17, 2015
11:16 EDTARWArrow Electronics acquires United Technology Publishing division
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