Ups And Downs In Channel Company Stocks For Q1 2017
Submitted by Rick Whiting on
Arrow Electronics
CEO: Michael Long
Dec. 30, 2016: $71.30
March 31, 2017: $73.41
Change: +2.96%
Arrow Electronics president and CEO Mike Long said in February that the distributor had been authorized to carry Dell's enterprise products. He also said the distributor had closed on $350 million in annual business captured from other IT distributors.
For all of 2016 Arrow reported sales of $23.83 billion, up more than 2 percent from $23.28 billion in 2015. Net income in 2016 reached $522.8 million, up 5 percent from $497.7 million in 2015.