Arrow Electronics 2014 Profit Increased Nearly 25 Percent

Arrow's fourth quarter profit decreased despite a sales gain, including 4 percent growth in global components sales.

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.

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