Arrow Electronics Announces Additional $600 Million Share Repurchase Program
Arrow Electronics, Inc. (ARW)
Last arrow electronics, inc. earnings: 4/30 08:00 am
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US:NYSE Investor Relations:
investor.arrow.com/investors/default.aspx
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Source: Business Wire
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE: ARW) announced today the approval by the company’s Board of Directors of the repurchase of up to an additional $600 million of common stock through a share repurchase program. The company has repurchased approximately $1.1 billion worth of shares since the beginning of 2014. “Since our last authorization two years ago, Arrow has grown tremendously. We are generating 21 percent more sales and 33 percent more profits," said Michael J. Long, chairman, president, and chief executive officer. “Our company’s growth and the effective management of our balance sheet enabled the Board of Directors to enhance our commitment to returning excess cash to shareholders.” This action will permit the company to continue repurchasing shares of its common stock as market and business conditions warrant. The program can be terminated at any time. Th
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ARW
Earnings
- 2/8/24 - Beat
ARW
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form 8-K
- 4/10/24 - Form 8-K
- ARW's page on the SEC website