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Arrow Electronics Sees Q4 Adj EPS $2.48-$2.68 Vs $3.42 Est; Sees Sales $6.670B-$7.270B Vs $7.25B Est

Benzinga ·  Oct 31, 2024 20:16

Fourth-Quarter 2024 Outlook

  • Consolidated sales of $6.67 billion to $7.27 billion, with global components sales of $4.50 billion to $4.90 billion, and global enterprise computing solutions sales of $2.17 billion to $2.37 billion
  • Net income per share on a diluted basis of $1.35 to $1.55, and non-GAAP net income per share on a diluted basis of $2.48 to $2.68
  • Average tax rate in the range of 23 to 25 percent
  • Interest expense of approximately $60 million to $65 million
  • Changes in foreign currencies to increase sales by approximately $60 million, and earnings per share on a diluted basis by $0.02 compared to the fourth quarter of 2023
  • Changes in foreign currencies to have no impact on growth in sales or earnings per share on a diluted basis compared to the third quarter of 2024
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