February 07,2020
Arrow Electronics, Inc. Q4 FY19
Market Info
Reported 2/6/2020 before hours
2/6/20 closing price change: +1.31%
Ticker: NYSE:ARW
Shares Outstanding: 82.493M
Market Cap: $6.990B
Income Statement (Q4)
- Q4 Revenue down 32% YoY from $7.918B to $7.338B
- Components Sales down 93% from $5.261B to $4.739B
- ECS Sales down 16% from $2.657B to $2.599B
- Gross Profit down 63% YoY from $975.4M to $822.9M
- Gross Profit Margin down 111bp from 32% to 11.21%
- Operating Income down 79% YoY from $334.4 to $238.1M
- Net Income down 44% YoY from $230.7M to $112.0M
- Diluted Q4 EPS down 29% YoY from $2.63 to $1.36
Income Statement (FY19)
- FY19 Revenue down 56% YoY from $29.677B to $28.917B
- Components Sales down 91% from $20.857B to $20.251B
- ECS Sales down 74% from $8.820B to $8.666B
- Gross Profit down 88% YoY from $3.701B to $3.298B
- Gross Profit Margin down 106bp from 47% to 11.41%
- Operating Income down 61% YoY from $1.148B to $107.7M
- Net Income down 50% YoY from $716.2M to -$204.1M
- Diluted FY19 EPS down 12% YoY from $8.10 to -$2.44
Balance Sheet
- Cash $300.1M
- Debt $2.972B
| Arrow Electronics, Inc. | ||||||
| Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | |
| Valuation Ratios | Preliminary | Final | Final | Final | Final | Final |
| Price / Earnings | N/M | N/M | N/M | 9.42 | 8.51 | 12.14 |
| Price / Book Value | 1.44 | 1.29 | 1.24 | 1.20 | 1.10 | 1.22 |
| Dividend Yield (%) | – | – | – | – | – | – |
| Enterprise Value / EBITDA | N/M | 8.11 | 7.61 | 7.50 | 6.41 | 6.93 |
| Enterprise Value / Sales | 0.33 | 0.32 | 0.32 | 0.35 | 0.30 | 0.32 |
Source: Factset
Report created 2.7.20
With questions or concerns please contact:
Max Shiner – Analyst
Email: mshiner@martinwolf.com Phone: 925.215.2740