Arrow Electronics Q4 sales rose 7 % to $9.02 billion compared to $8.45 billion in the fourth quarter of 2020. Fourth-quarter 2021 net income was $371 million compared with net income of $236 million, in the fourth quarter of 2020.
Global components fourth-quarter sales of $6.68 billion increased 13 % year over year. Americas components sales were starts of the show rising 32 % year over year. Asia-Pacific components sales were flat year over year. Europe components sales increased 17 percent year over year.
“Our past investments in Arrow’s sales, engineering and supply chain services combined with the current, favourable pricing environment are proving effective for global components,” continued Long. “As a result of our focused execution, global components delivered the highest margin levels in decades.”
Global enterprise computing solutions fourth-quarter sales of $2.34 billion decreased 8 percent year over year.
“Global enterprise computing solutions is poised for continued success in 2022 as the need for a trusted partner to help customers navigate IT complexity and security has never been greater,” said Mr. Long.
For the full-year 2021 sales of $34.48 billion increased 20 % from sales of $28.67 billion in 2020. Net income for 2021 was $1.11 billion, compared with net income of $584 million in 2020.
“Our fourth quarter and full year results demonstrate how we are leveraging Arrow’s extensive experience, deep industry knowledge, and expertise in design, engineering, and supply chain to help customers manage through the current market challenges. Arrow is uniquely positioned in the market and customers new and old are increasingly turning to our team, enabling us to build on our relationships and do even more business,” said Michael J. Long, chairman, president, and chief executive officer. “Our organisation has worked hard to capture these tremendous opportunities and deliver full-year earnings per share that were more than 75 % higher than our previous record year.”
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