Arrow Electronics, Inc (NYSE:ARW) Q4 2023 Earnings Call Transcript February 8, 2024 1:00 PM ET

Company Participants

Anthony Bencivenga - Vice President, Investor Relations

Sean Kerins - President and Chief Executive Officer

Raj Agrawal - Chief Financial Officer

Conference Call Participants

Matt Sheerin - Stifel

Melissa Fairbanks - Raymond James

Joe Quatrochi - Wells Fargo Securities

William Stein - Truist Securities

Ruplu Bhattacharya - BofA Merrill Lynch

Operator

Good day, and welcome to Arrow Electronics Fourth Quarter and Full Year 2023 Earnings Call. Today's call is being recorded.

And at this time, I would like to turn the conference over to Anthony Bencivenga, Vice President of Investor Relations. Please go ahead, sir.

Anthony Bencivenga

Thank you, operator. I'd like to welcome everyone to the Arrow Electronics fourth quarter and full year 2023 earnings conference call. Joining me on the call today is our President and Chief Executive Officer; Sean Kerins; our Chief Financial Officer, Raj Agrawal; our President of Global Components, Rick Morano, and our President of Global Enterprise Computing Solutions; Kristin Russell.

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 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 our GAAP results. We have reconciled these non-GAAP measures to the most directly comparable GAAP financial measures in this quarter's associated earnings release or Form 10-K. You can access our earnings release at investor.arrow.com, along with a replay of this call.

We've also posted a slide presentation to accompany our prepared remarks and encourage you to reference these slides during the webcast. Following our prepared remarks today, we'll be able to take your questions.

And I'll now hand the call over to our President and CEO, Sean Kerins.

Sean Kerins

Thanks, Anthony, and thank you all for joining us. We appreciate your interest in Arrow Electronics. For some context, I'd like to first review our 2023 full-year financial results before commenting on our fourth quarter performance and the overall state of the market. I'll then turn things over to Raj for more detail on our financials as well as our outlook for the first quarter.