Arrow Electronics, Inc. (NYSE:ARW) Q1 2023 Earnings Conference Call May 4, 2023 1:00 PM ET

Company Participants

Raj Agrawal - Senior Vice President & Chief Financial Officer

Anthony Bencivenga - Vice President-Investor Relations

Sean Kerins - President & Chief Executive Officer

Conference Call Participants

Matt Sheerin - Stifel

Joe Quatrochi - Wells Fargo

Ruplu Bhattacharya - Bank of America

Toshiya Hari - Goldman Sachs

William Stein - Truist Securities

Operator

Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Arrow Electronics First Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Raj Agrawal, Senior Vice President and Chief Financial Officer. Please go ahead.

Raj Agrawal

Thank you, operator and hello everyone. Many of you have gotten to know our Chief Accounting Officer, Rick Seidlitz over the last few quarters, as we provided interim IR support. I want to thank Rick for his leadership in helping the company navigate the transition.

With that, I'm pleased to introduce our new Vice President of Investor Relations, Anthony Bencivenga. Anthony joined Arrow in February, having most recently served as Head of Investor Relations for a semiconductor equipment company. In addition to a background in Finance and Investor Relations Anthony has an engineering background as well. We're excited to have Anthony on board and I'll turn it over to him to get us started today.

Anthony Bencivenga

Thank you, Raj. I'm excited to be on board. I'd like to welcome everyone to the Arrow Electronics First Quarter 2023 Earnings Conference Call. In addition to Raj, joining us today is our President and Chief Executive Officer, Sean Kerins. During this call, we'll make forward-looking statements including statements about our business outlook, strategies and future financial results, which are based on our predictions and expectations as of today. Our actual results could differ materially due to a number of risks and uncertainties including the risk factors described in our most recent 10-K and 10-Q filings with the SEC.

We undertake no obligation to update publicly or revise any of the forward-looking statements as a result of new information or future events. As a reminder, some of the figures we will discuss on today's call are non-GAAP, measures which are not intended to be a substitute for GAAP results. We've reconciled these non-GAAP measures to the most direct comparable GAAP financial measures in this quarter's associated earnings release or Form 10-Q. You can access our earnings release at investor.arrow.com along with the CFO commentary, the non-GAAP earnings reconciliation and a replay of this call. Following our prepared remarks today, we'll be available to take your questions.