Arrow Electronics, Inc. (ARW) today reported third-quarter 2020 sales of $7.23 billion, an increase of 2 percent from sales of $7.08 billion in the third quarter of 2019. Third-quarter net income was $166 million, or $2.13 per share on a diluted basis, compared with a net income of $92 million, or $1.10 per share on…
DetailsTTI, Inc., a leading specialty distributor of electronic components, is pleased to announce the company has satisfied the newly released minimum security criteria for Customs Trade Partnership Against Terrorism (CTPAT), a voluntary incentives-based program. As outlined by the program, U.S. Customs and Border Protection (CBP) partners with members of the trade community to strengthen global…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended October 3, 2020. Sales reached $4.7 billion, up from $4.2 billion in the previous quarter and $4.6 billion in the prior year quarter. Other highlights: GAAP diluted loss per share of $0.19, compared with earnings per share of $0.40 a year ago. Non-GAAP adjusted…
DetailsSourceability, the digital supply chain solutions provider, has appointed Kevin Wang as Managing Director for APAC, ushering in a renewed focus and support for the region. Wang joins after eight years at Future Electronics where he held the position of VP having initially joined as Sales Director for its then newly created FAI division. With…
DetailsACEINNA, Inc. a worldwide leader in innovative sensing technologies, today announced a distributor agreement with Digi-Key Electronics, a global electronic components distributor. This distribution partnership will enable Digi-Key to expand its Marketplace product portfolio and will provide Digi-Key customers with a wide range of solutions and products in the sensing, autonomous vehicle guidance, and power…
DetailsFuture Electronics is a global leading distributor of electronic components with worldwide headquarters in Montreal. The company is pleased to announce their new online Bill of Materials tool for a more intuitive customer experience. Future Electronics worked closely with many stakeholders over several months of dedication and effort to launch this new feature that comes…
DetailsMouser Electronics, Inc., the New Product Introduction (NPI) leader empowering innovation, announces its redesigned Technical Resource Center, which contains the global distributor’s ever-expanding collection of technical articles, blogs, eBooks, and Methods technology and solutions journal, plus related product information, in a searchable repository. .@MouserElec announces new Technical Resource Center to help customers more quickly and…
DetailsHeilind Electronics, a premier global distributor of electronic components, has expanded its portfolio with the addition of ITT Cannon – a global market leader in the design and manufacture of harsh environment connector solutions. The distribution agreement positions Heilind as a global partner for ITT Cannon, authorizing the sale of these products in the American, European and…
DetailsNAI, a leading designer and manufacturer of custom interconnect solutions which deliver power and signals to monitor data, connect people and keep equipment operating, announced the opening of a new manufacturing plant in Saltillo, Coahuila, Mexico. This facility will produce interconnect devices, including cable assemblies, harnesses, and box builds. The primary purpose of this new…
DetailsAs the logistics industry prepares for October 13 — Amazon’s Prime Day — freight platform Freightos notes one key takeaway from “the very bizarre 2020.” Small importers have a changing role on a global scale. This week, ocean rates have declined slightly. Key insights: Ocean rates from China to the U.S. fell slightly by 1% as…
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