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ARROW ELECTRONICS , INC . 9201 E. DRY CREEK ROAD CENTENNIAL , CO 80112 303-824-4000 NEWS Exhibit 99.1 -- Arrow Electronics Reports Third - Quarter 2021 Results Record Gross Profit , Operating Income , and Earnings per Share -- -- Third - Quarter Earnings Per Share of $ 4.00 ; Non - GAAP Earnings Per Share of $ 4.04 -- CENTENNIAL , Colo .-- ( BUSINESS WIRE ) -Nov . 4 , 2021 -- Arrow Electronics , Inc. ( NYSE : ARW ) today reported third - quarter 2021 sales of $ 8.51 billion , an increase of 18 percent from sales of $ 7.23 billion in the third quarter of 2020. Third - quarter net income was $ 290 million , or $ 4.00 per share on a diluted basis , compared with a net income of $ 166 million , or $ 2.13 per share on a diluted basis , in the third quarter of 2020 . Non - GAAP net income¹ was $ 293 million , or $ 4.04 per share on a diluted basis , in the third quarter of 2021 , compared with non - GAAP net income of $ 162 million , or $ 2.08 per share on a diluted basis , in the third quarter of 2020 . " Arrow's unwavering commitment to our customers ' success continues to foster expanding opportunities for our own business in the areas of supply chain as a service , designed and engineered value - enhancing solutions , and secure management of mission - critical software workloads , " said Michael J. Long , chairman , president , and chief executive officer . " The value we deliver to customers and suppliers is inexorably linked to the value we capture for all of our stakeholders , which is enabling us to navigate through the near - term supply challenges . We expect component supply to remain well below demand in the coming quarters and through the better part of 2022. " Global components third - quarter sales of $ 6.62 billion reflected an increase of 25 percent year over year and non - GAAP sales increased 24 percent year over year . Asia - Pacific components third - quarter sales increased 16 percent year over year and non - GAAP sales in the region increased 15 percent year over year . Americas components third - quarter sales increased 33 percent year over year . Europe components third- quarter sales increased 33 percent year over year and non - GAAP sales in the region increased 32 percent year over year . Global components third - quarter operating income was $ 385 million , and third - quarter non- GAAP operating income was $ 392 million . " While global components sales were limited by product supply , we were able to attach higher value to those sales than ever before as shown by our margin expansion , " Mr. Long said . " Arrow has never worked harder to help alleviate our customers ' and suppliers ' biggest problems with respect to getting components to manufacturing and products to market . " Global enterprise computing solutions third - quarter sales of $ 1.89 billion reflected a decrease of 2 percent year over year and non - GAAP sales decreased 3 percent year over year . Europe enterprise computing solutions third - quarter sales increased 5 percent year over year and non - GAAP sales in the region increased 3 percent year over year . Americas enterprise computing solutions third - quarter sales decreased 6 percent year over year . Global enterprise computing solutions third - quarter operating income was $ 77 million , and third - quarter non - GAAP operating income was $ 79 million . " Demand for complex IT solutions continues to grow , and we expect to see significant upside in this area when near - term project postponements and incompletions resulting from supply chain challenges are resolved , " said Mr. Long . " We are taking advantage of the current environment to enhance the returns profile of our business while further solidifying our balance sheet . Our return on invested capital increased year over year for the sixth straight quarter , and our leverage ratios are at the lowest levels in ten years , " said Chris Stansbury , senior vice president and chief financial officer . “ Our strong profitability , positive cash flow from operations , and the effective management of our balance sheet enabled us to deliver on our commitment to return cash to shareholders through the repurchase of approximately $ 250 million of shares for the second consecutive quarter . Our current repurchase authorization stands at approximately $ 413 million . " 1 A reconciliation of non - GAAP financial measures , including sales , gross profit , operating income , net income attributable to shareholders , and net income per share , to GAAP financial measures is presented in the reconciliation tables included herein . NOW 1