Centennial, CO-based Arrow Electronics reported its 2014 fourth quarter and full-year earnings on Thursday.
The financial information included Q4 sales of $6.4 billion, a 4 percent increase year-over-year. Net earnings decreased 13.8 percent to $116.8 million.
For the full year, Arrow's sales were $22.7 billion, a 7 percent increase over 2013. Adjusted sales increased 3 percent. Net income for 2014 was $498 million, a 24.7 percent increase over 2013.
In Q4, global components sales grew 4 percent YOY to $3.59 billion. Sales for Americas components increased 4 percent, European components sales grew 1 percent, and Asia-Pacific components sales increased 8 percent.