Arrow Electronics Q3 sales fall 15%, EPS $1.88 vs $3.53; $185M restructuring plan
Arrow Electronics reported third-quarter 2024 sales of $6.8 billion, down 15% from a year earlier, and GAAP diluted earnings per share of $1.88 versus $3.53. The company also announced a multi-year Operating Expense Efficiency Plan with pre-tax restructuring charges of approximately $185 million, which it expects to substantially complete by the end of fiscal 2026.
Key points
- Q3 2024 consolidated sales were $6.82 billion, down from $8.01 billion; net income attributable to shareholders was $101 million, versus $199 million
- Q4 2024 outlook: consolidated sales of $6.67 billion to $7.27 billion and GAAP diluted EPS of $1.35 to $1.55
- Restructuring plan charges of about $185 million, including about $110 million in employee severance and other personnel cash costs
- The company expects to reduce annual operating expenses by approximately $90 million to $100 million by the end of 2026
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.