Arrow Electronics, Inc. (NYSE:ARW) Q2 2022 Earnings Conference Call August 4, 2022 1:00 PM ET
Company Participants
Richard Seidlitz - Interim Principal Financial Officer
Sean Kerins - President, & CEO
Conference Call Participants
Jim Suva - Citi
Nikolay Todorov - Longbow Research
Joseph Quatrochi - Wells Fargo
William Stein - Truist Securities
Ruplu Bhattacharya - Bank of America
Melissa Fairbanks - Raymond James
Operator
Good afternoon, and welcome to the Arrow Electronics Second Quarter 2022 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]
Thank you. Rick, you may begin your conference.
Richard Seidlitz
Good day, and welcome to the Arrow Electronics second quarter 2022 earnings conference call. With us on the call today are Sean Kerins, President and Chief Executive Officer; and I'm Rick Seidlitz, Interim Principal Financial Officer.
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 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 reminder, some of the figures we will discuss on today's call are non-GAAP. We have reconciled those to the most directly comparable GAAP financial measures in our earnings release. These non-GAAP measures are not intended to be a substitute for our GAAP results. 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 will be available to take your questions.
I will now hand the call to our President and CEO, Sean Kerins.
Sean Kerins
Thanks, Rick, and thanks to all of you for joining us today. I'm excited to join all of you in my first earnings call as the CEO of Arrow. I'm also very pleased to report record results for the second quarter as we continue to build upon our record performance over the past several. While market conditions are challenging, they also provide ample opportunities to showcase our commitment to the success of our suppliers and customers.
The dedication and focused execution by our team helped us deliver all-time record quarterly sales, gross profit, operating income and earnings per share while facing an ongoing imbalance between supply and demand. Past investments to enhance our capabilities, especially in the areas of engineering and supply chain, have led to improvements in profitability. We think this has proved positive and that we are uniquely positioned to help our customers navigate today's market opportunities and challenges.