Arrow Electronics, Inc. (NYSE:ARW) Q2 2024 Earnings Conference Call August 1, 2024 1:00 PM ET

Company Participants

Brad Windbigler – Treasurer and Vice President of Investor Relations
Sean Kerins – President and Chief Executive Officer
Raj Agrawal – Chief Financial Officer

Conference Call Participants

Melissa Fairbanks – Raymond James
Matt Sheerin – Stifel
William Stein – Truist Securities
Joe Quatrochi – Wells Fargo
Ruplu Bhattacharya – Bank of America

Operator

Good day, and welcome to the Arrow Electronics Second Quarter 2024 Earnings Call. Today’s conference is being recorded. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

At this time, I would like to turn the conference over to Brad Windbigler, Arrow’s Treasurer and Vice President of Investor Relations. Please go ahead.

Brad Windbigler

Thank you, operator. I’d like to welcome everyone to the Arrow Electronics second quarter 2024 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 Marano; and our President of Global Enterprise Computing Solutions, Eric Nowak.

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’ve reconciled these non-GAAP measures to the most directly 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 a replay of this call. We’ve also posted a slide presentation to accompany our prepared remarks. I encourage you to reference these slides during the webcast. Following our prepared remarks today, Sean and Raj will be available to take your questions.

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

Sean Kerins

Thanks, Brad, and thank you all for joining us. Today, I’d like to discuss our second quarter results, provide some commentary on the markets in which we compete and then close with some thoughts as to how we’re lining up for the future. I’ll then turn things over to Raj for more detail on our financials as well as our outlook for the third quarter.