Arrow Electronics, Inc. (NYSE:ARW) Q1 2024 Earnings Call Transcript May 2, 2024
Arrow Electronics, Inc. beats earnings expectations. Reported EPS is $2.41, expectations were $2.31. Arrow Electronics, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Operator: Good day, and welcome to the Arrow Electronics First Quarter 2024 Earnings Call. Today’s conference is being recorded. And at this time, I would like to turn the conference over to Raj Agrawal, Senior Vice President and Chief Financial Officer. Please go ahead.
Raj Agrawal: Thank you, operator, and hello, everyone. Before we begin, I’d like to introduce our new Vice President of Investor Relations, Brad Windbigler. Brad is our current Treasurer and joined Arrow on May of last year. We’re excited to have Brad lead Arrow’s Investor Relations. And with that, I’ll turn it over to him to get us started today.
Brad Windbigler: Thank you, Raj. It’s a pleasure to be here. I’d like to welcome everyone to the Arrow Electronics first quarter 2024 earnings conference call. In addition to Raj Agrawal, Arrow’s Chief Financial Officer, joining me today on the call is our President and Chief Executive Officer, Sean Kerins; our President of Global Components, Rick Marano; and our President of Global Enterprise Computing Solutions, Eric Nowak. During this call, we’ll make forward-looking statements, including statements about our business outlook, strategies and future financial results, which are based on our predictions and expectations as of today. Our actual results could differ materially due to a number of risks and uncertainties, including the risk factors described in our most recent filings with the SEC.
We undertake no obligation to update publicly or revise any of the forward-looking statements as a result of new information or future events. As a reminder, some of the figures we will discuss today on today’s call are non-GAAP measures, which are not intended to be a substitute for our GAAP results. We’ve reconciled these non-GAAP measures to the most directly comparable GAAP financial measures in this quarter’s associated earnings release or Form 10-Q. You can access our earnings release at investor.arrow.com, along with a replay of this call. We’ve also posted a slide presentation to accompany our prepared remarks and encourage you to reference these slides during this webcast. Following our prepared remarks today, Sean and Raj will be available to take your questions.
I’ll now hand the call over to our President and CEO, Sean Kerins.
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