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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