Latest news with #Kerins
Sunday World
3 days ago
- Sunday World
GAA boss Davy Fitzgerald's son spared jail for stealing €35k from former employer
WALKS FREE | Court hears thefts were made to feed a 'serious' gambling addiction Colm Fitzgerald outside Ennis Circuit Criminal Court (Photo: Brendan Gleeson) Colm Fitzgerald, (28), of Castlequinn, Sixmilebridge, Co Clare, stole the money while employed to be in charge of cash at a cash counter, at Bank of Ireland, Shannon Industrial Estate, Shannon, Co Clare, on seven separate dates in 2023, the court heard. Fitzgerald, who immediately resigned after the thefts were discovered during an internal audit, told the bank and gardaí that he stole the cash to sustain a gambling addiction. Fitzgerald's barrister, Kenny Kerins, told Ennis Circuit Criminal Court that 'steeped in GAA' Fitzgerald had paid all of the money back with the support and assistance of his family. Mr Kerins said Fitzgerald was caught in a 'serious' grip of addiction to sports gambling and that he had 'expressed relief' when the thefts were discovered. Fitzgerald admitted stealing the cash in bundles of €5,000 on seven separate dates in 2023. Mr Kerins told the court: 'He was living a life of secrets, he has remorse, he has shame. This young man had everything going well in his life, he was engaged in sport, he had a job, and in seven actions, he absolutely destroys his career'. The barrister told the sentencing hearing last Friday that, prior to the discovery of the cash thefts, Fitzgerald's gambling had become so serious the well-known bookmaker chain Paddy Power banned him from betting with them. 'They were so concerned that they wrote to him and banned him from gambling with them… this was a serious addiction for Mr Fitzgerald,' Mr Kerins said. 'His life was completely out of control, so much so that he sees all this as a positive thing, he sees it as a disengagement from his addiction.' Colm Fitzgerald outside Ennis Circuit Criminal Court (Photo: Brendan Gleeson) News in 90 seconds - June 2nd Mr Kerins said when Bank of Ireland's auditors discovered €35,000 was missing, Fitzgerald prepared a document that would have concealed 'his deceit' but he 'cancelled it almost immediately'. 'He was about to further his criminal endeavour, but he stopped it. He went home and told his grandfather and close family, he knew the jig was up and he came forward, he met with bank officials and made admissions, he resigned and met with gardaí by appointment,' Mr Kerins said. 'That is to his credit, he faced up to it, he is a gentleman.' Mr Kerins said Fitzgerald was 'aware' thefts from his employer were 'unacceptable' but he said Fitzgerald had taken responsibility for his offending as well as measures not to return to gambling. 'He and his family are steeped in GAA, which was perhaps how he became involved in [sports] gambling. Mr Kerins said Fitzgerald had 'engaged with therapeutic services and had worked as a courier' to pay his family back the money they reimbursed to the bank. The barrister said Fitzgerald has, along with his partner, opened a coffee shop in Sixmilebridge, employing four people, and that Fitzgerald had 'taken careful steps' to limit his own 'access to the business's finances and cash, so there is oversight'. Colm Fitzgerald outside Ennis Circuit Criminal Court (Photo: Brendan Gleeson) Detective Garda Paddy Bourke, of Shannon garda station, told the court he believed Fitzgerald had done all he could to co-operate with the garda investigation as well as trying to tackle his addiction and that he hopes to 'to continue to do so'. CCTV footage located at cash counters had expired by the time the bank discovered the thefts and alerted gardaí, and so Fitzgerald's pleas were valuable to the prosecution, the court heard. Mr Kerins said Fitzgerald had 'no previous convictions', had engaged in a residential therapy programme run by the Bushypark Addiction Treatment Centre, and he continues to attend regular Gamblers Anonymous (GA) meetings. 'He's not seeking to blame anyone, he developed a low-level gambling addiction which snowballed and got out-of-control while he was working as an employee of the bank – the court is aware of the compulsive nature of gambling addiction,' Mr Kerins said. Prosecuting barrister Sarah-Jane Comerford said the prosecution 'accepted [Fitzgerald] was suffering from a gambling addiction at the time'. Judge Francis Comerford said Fitzgerald 'took bundles of cash from his employer each worth €5,000' and that he considered a two-year headline sentence to be appropriate. 'It was a significant breach of trust, it was a significant offence, and the aggravating factor is that it was theft by an employee from their employer'. Reducing the sentence to 12 months, the judge said: 'It wasn't a commercial calculated crime, so that tends to put it at a lower level, and it was discovered very quickly.' Judge Comerford suspended the jail term for 18 months, and directed Fitzgerald to continue engaging with gambling support services.
Extra.ie
3 days ago
- Extra.ie
Suspended sentence for son of hurling legend in 'grip of addiction'
A son of Clare hurling legend Davy Fitzgerald has been given a fully suspended 12-month prison sentence after he admitted stealing €35,000 from his then employer, Bank of Ireland, to feed his 'out-of-control gambling addiction'. Colm Fitzgerald, 28, of Castlequinn, Sixmilebridge, Co. Clare, stole the money while employed to be in charge of cash at a counter at Bank of Ireland, Shannon Industrial Estate, Shannon, Co. Clare, on seven dates in 2023. Fitzgerald, who immediately resigned from the bank after the thefts were discovered during an internal audit, told the bank and gardaí he stole the cash to sustain a gambling addiction. Fitzgerald's barrister, Kenny Kerins, told Ennis Circuit Criminal Court that 'steeped in GAA' Fitzgerald had paid all of the money back with the assistance of his family. Mr Kerins said Fitzgerald was in a 'serious' grip of addiction to gambling and had 'expressed relief' when the thefts were discovered. Fitzgerald admitted stealing the cash in bundles of €5,000 on seven dates in 2023. Mr Kerins said: 'He was living a life of secrets. He has remorse, he has shame. This young man had everything going well in his life. He was engaged in sport, he had a job, and in seven actions he absolutely destroys his career.' The barrister told the sentencing hearing last Friday that, before the discovery of the thefts, Fitzgerald's gambling had got so serious that bookmaker chain Paddy Power banned him from betting with them. Colm Fitzgerald outside court in Ennis. Pic: Brendan Gleeson 'They were so concerned that they wrote to him and banned him from gambling with them… This was a serious addiction for Mr Fitzgerald,' Mr Kerins said. 'His life was completely out of control, so much so that he sees all this as a positive thing – he sees it as a disengagement from his addiction.' Mr Kerins said when bank auditors discovered €35,000 was missing, Fitzgerald prepared a document that would have concealed 'his deceit' but 'cancelled it almost immediately'. 'He was about to further his criminal endeavour, but he stopped it,' said Mr Kerins. 'He went home and told his grandfather and close family. He knew the jig was up… He met with bank officials and made admissions. He resigned and met with gardaí by appointment. That is to his credit. He faced up to it. He is a gentleman.' Mr Kerins said Fitzgerald had taken responsibility and measures not to return to gambling. 'He and his family are steeped in GAA, which was perhaps how he became involved in [sports] gambling,' he continued. 'He has great passion for sport and he is still involved in coaching, which is a great pride to him.' Mr Kerins said Fitzgerald had 'engaged with therapeutic services and had worked as courier' to pay his family back the money they reimbursed to the bank. Along with his partner, Fitzgerald has opened a coffee shop business in Sixmilebridge employing four people, he said, and has 'taken careful steps' to limit his 'access to the business's finances and cash'. Detective Garda Paddy Bourke, of Shannon Garda Station, told the court he believed Fitzgerald had done all he could to co-operate with the Garda investigation, as well as trying to tackle his addiction. 'And I hope he continues to do so,' he added. Colm Fitzgerald outside court in Ennis. Pic: Brendan Gleeson CCTV at the bank's cash counters had expired by the time the bank discovered the thefts and alerted gardaí, so Fitzgerald's pleas were valuable, the court heard. Mr Kerins said Fitzgerald had 'no previous convictions', had engaged in residential therapy, and continues to attend Gamblers Anonymous. 'He's not seeking to blame anyone. He developed a low-level gambling addiction, which snowballed and got out of control while he was working as an employee of the bank. The court is aware of the compulsive nature of gambling addiction.' Prosecuting barrister SarahJane Comerford said the prosecution 'accepted he'd been suffering from gambling addiction. Judge Francis Comerford said Fitzgerald 'took bundles of cash from his employer each worth €5,000' and he considered a twoyear headline sentence to be appropriate. He said 'it was a significant breach of trust', and 'the aggravating factor is that it was theft by an employee from their employer'. The judge said: 'Gambling is not an excuse for theft, and one should seek help without having to resort to this.' He accepted people in addiction 'have the compulsion to do this', and this 'does reduce culpability somewhat'. He said there was an air of desperation about Fitzgerald's actions, adding: 'It was not a sophisticated fraud.' Reducing his sentence to 12 months, he said: 'It wasn't a commercial calculated crime, so that tends to put it at a lower level, and it was discovered very quickly, following an internal audit.' The judge suspended the 12-month term for 18 months and directed Fitzgerald to continue to engage with gambling support services. 'It would have been more serious if it was someone vulnerable that was preyed upon,' he said. 'This was not done for a high lifestyle or to accrue wealth, but it was for a gambling addiction.' Fitzgerald hugged his family outside the court afterwards.
The Journal
3 days ago
- The Journal
Son of GAA boss Davy Fitzgerald given suspended sentence after stealing €35,000 from former employer
A SON OF controversial Antrim hurling manger, and Clare hurling legend, Davy Fitzgerald, was given a fully suspended 12-month prison sentence after he admitted stealing €35,000 from his then employer, Bank of Ireland, to feed his 'out-of-control gambling addiction'. Colm Fitzgerald, (28), Castlequinn, Sixmilebridge, Co Clare, stole the money while employed to be in charge of cash at a cash counter, at Bank of Ireland, Shannon Industrial Estate, Shannon, Co Clare, on seven separate dates in 2023. Fitzgerald, who immediately resigned from the bank, after the thefts were discovered during an internal audit, told the bank and Gardaí that he stole the cash to sustain a gambling addiction. Fitzgerald's barrister, Kenny Kerins, told Ennis Circuit Criminal Court that 'steeped in GAA' Fitzgerald, had paid all of the money back with the support and assistance of his family. Mr Keirns said Fitzgerald was caught in a 'serious' grip of addiction to sports gambling and that he had 'expressed relief' when the thefts were discovered. Fitzgerald admitted stealing the cash in bundles of €5,000 on seven separate dates in 2023. Mr Kerins told the court: 'He was living a life of secrets, he has remorse, he has shame. This young man had everything going well in his life, he was engaged in sport, he had a job, and in seven actions he absolutely destroys his career. The barrister told the sentencing hearing last Friday that, prior to the discovery of the cash thefts, Fitzgerald's gambling had gotten so serious, the well known bookmaker chain 'Paddy Power' banned him from betting with them. 'They were so concerned that they wrote to him and banned him from gambling with them…this was a serious addiction for Mr Fitzgerald,' Mr Kerins said. 'His life was completely out of control, so much so that he sees all this as a positive thing, he sees it as a disengagement from his addiction.' Mr Kerins said when Bank of Ireland's auditors discovered €35,000 was missing, Fitzgerald prepared a document that would have concealed 'his deceit' but he 'cancelled it almost immediately'. 'He was about to further his criminal endeavour, but he stopped it. He went home and told his grandfather and close family, he knew the jig was up and he came forward, he met with bank officials and made admissions, he resigned and met with gardaí by appointment,' said Mr Kerins. 'That is to his credit, he faced up to it, he is a gentleman,' said the barrister. Mr Kerins said Fitzgerald was 'aware' thefts from his employer were 'unacceptable' but he said Fitzgerald had taken responsibility for his offending as well as measures not to return to gambling. 'He and his family are steeped in GAA, which was perhaps how he became involved in (sports) gambling. He has great passion for sport and he is still involved in coaching which is a great pride to him.' Advertisement Mr Kerins said Fitzgerald had 'engaged with therapeutic services and had worked as courier' to pay his family back the money they reimbursed to the bank. The barrister said Fitzgerald has, along with his partner, opened a coffee shop business in Sixmilebridge, employing four people, and that Fitzgerald had 'taken careful steps' to limit his own 'access to the business's finances and cash, so there is oversight that'. Detective Garda Paddy Bourke, Shannon Garda Station, told the court he believed Fitzgerald had done all he could to cooperate with the garda investigation as well as trying to tackle his addiction, 'and I hope to continues to do so', added Gda Bourke. CCTV footage located at the bank's cash counters, which may have led them to Fitzgerald, had expired by the time the bank discovered the thefts and alerted gardai, and so Fitzgerald's pleas were valuable to the prosecution, the court heard. Mr Kerins said Fitzgerald had 'no previous convictions', had engaged in a residential therapy programme run by the Bushypark Addiction Treatment Centre, and he continues to attend regular meetings of Gamblers Anonymous (GA). 'He's not seeking to blame anyone, he developed a low level gambling addiction which snowballed and got out-of-control while he was working as an employee of the bank — the court is aware of the compulsive nature of gambling addiction.' Prosecuting barrister, Sarah-Jane Comerford, said the prosecution 'accepted (Fitzgerald) was suffering from a gambling addiction at the time'. Outlining his judgement, Judge Francis Comerford said Fitzgerald 'took bundles of cash from his employer each worth €5,000' and that he considered a two-year headline sentence to be appropriate. 'It was a significant breach of trust, it was a significant offence, and the aggravating factor is that it was theft by an employee from their employer, it was an abuse of trust to steal from them.' The judge told Fitzgerald: 'Gambling is not an excuse for theft, and one should seek help without having to resort to this.' However, taking into account Mr Keirns mitigation plea, the judge said he accepted that persons in addiction who 'have the compulsion to do this (steal), does reduce culpability somewhat'. The judge said there was an air of desperation about Fitzgerald's actions: 'It was not a sophisticated fraud, it was a response to a need for money for gambling.' Reducing Fitzgerald's sentence to 12 months, the judge continued: 'It wasn't a commercial calculated crime, so that tends to put it at a lower level, and it was discovered very quickly, following an internal audit.' Judge Comerford fully suspended the 12-month jail term for a period of 18 months, and directed that Fitzgerald continue to engage with gambling support services. 'While the amount of money is significant, it would have been more serious if it was someone vulnerable that was preyed upon,' said the judge. 'This was not done for a high lifestyle or to accrue wealth, but, it was for a gambling addiction.' Afterwards, Colm Fitzgerald hugged family members outside the court. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Irish Daily Mirror
3 days ago
- Irish Daily Mirror
Son of hurling legend Davy Fitzgerald sentenced for €35,000 bank theft
A son of controversial Antrim hurling manger, and Clare hurling legend, Davy Fitzgerald, was given a fully suspended 12-month prison sentence after he admitted stealing €35,000 from his then employer, Bank of Ireland, to feed his 'out-of-control gambling addiction'. Colm Fitzgerald, (28), Castlequinn, Sixmilebridge, Co Clare, stole the money while employed to be in charge of cash at a cash counter, at Bank of Ireland, Shannon Industrial Estate, Shannon, Co Clare, on seven separate dates in 2023. Fitzgerald, who immediately resigned from the bank, after the thefts were discovered during an internal audit, told the bank and Gardai that he stole the cash to sustain a gambling addiction. Fitzgerald's barrister, Kenny Kerins, told Ennis Circuit Criminal Court that 'steeped in GAA' Fitzgerald, had paid all of the money back with the support and assistance of his family. Mr Keirns said Fitzgerald was caught in a 'serious' grip of addiction to sports gambling and that he had 'expressed relief' when the thefts were discovered. Fitzgerald admitted stealing the cash in bundles of €5,000 on seven separate dates in 2023. Mr Kerins told the court: 'He was living a life of secrets, he has remorse, he has shame. This young man had everything going well in his life, he was engaged in sport, he had a job, and in seven actions he absolutely destroys his career. The barrister told the sentencing hearing last Friday that, prior to the discovery of the cash thefts, Fitzgerald's gambling had gotten so serious, the well known bookmaker chain 'Paddy Power' banned him from betting with them. 'They were so concerned that they wrote to him and banned him from gambling with was a serious addiction for Mr Fitzgerald,' Mr Kerins said. 'His life was completely out of control, so much so that he sees all this as a positive thing, he sees it as a disengagement from his addiction.' Mr Kerins said when Bank of Ireland's auditors discovered €35,000 was missing, Fitzgerald prepared a document that would have concealed 'his deceit' but he 'cancelled it almost immediately'. 'He was about to further his criminal endeavour, but he stopped it. He went home and told his grandfather and close family, he knew the jig was up and he came forward, he met with bank officials and made admissions, he resigned and met with gardai by appointment,' said Mr Kerins. 'That is to his credit, he faced up to it, he is a gentleman,' said the barrister. Mr Kerins said Fitzgerald was 'aware' thefts from his employer were 'unacceptable' but he said Fitzgerald had taken responsibility for his offending as well as measures not to return to gambling. 'He and his family are steeped in GAA, which was perhaps how he became involved in (sports) gambling. He has great passion for sport and he is still involved in coaching which is a great pride to him.' Mr Kerins said Fitzgerald had 'engaged with therapeutic services and had worked as courier' to pay his family back the money they reimbursed to the bank. The barrister said Fitzgerald has, along with his partner, opened a coffee shop business in Sixmilebridge, employing four people, and that Fitzgerald had 'taken careful steps' to limit his own 'access to the business's finances and cash, so there is oversight that'. Detective Garda Paddy Bourke, Shannon Garda Station, told the court he believed Fitzgerald had done all he could to cooperate with the garda investigation as well as trying to tackle his addiction, 'and I hope to continues to do so', added Gda Bourke. CCTV footage located at the bank's cash counters, which may have led them to Fitzgerald, had expired by the time the bank discovered the thefts and alerted gardai, and so Fitzgerald's pleas were valuable to the prosecution, the court heard. Mr Kerins said Fitzgerald had 'no previous convictions', had engaged in a residential therapy programme run by the Bushypark Addiction Treatment Centre, and he continues to attend regular meetings of Gamblers Anonymous (GA). 'He's not seeking to blame anyone, he developed a low level gambling addiction which snowballed and got out-of-control while he was working as an employee of the bank — the court is aware of the compulsive nature of gambling addiction.' Prosecuting barrister, Sarah-Jane Comerford, said the prosecution 'accepted (Fitzgerald) was suffering from a gambling addiction at the time'. Outlining his judgement, Judge Francis Comerford said Fitzgerald 'took bundles of cash from his employer each worth €5,000' and that he considered a two-year headline sentence to be appropriate. 'It was a significant breach of trust, it was a significant offence, and the aggravating factor is that it was theft by an employee from their employer, it was an abuse of trust to steal from them.' The judge told Fitzgerald: 'Gambling is not an excuse for theft, and one should seek help without having to resort to this.' However, taking into account Mr Keirns mitigation plea, the judge said he accepted that persons in addiction who 'have the compulsion to do this (steal), does reduce culpability somewhat'. The judge said there was an air of desperation about Fitzgerald's actions: 'It was not a sophisticated fraud, it was a response to a need for money for gambling.' Reducing Fitzgerald's sentence to 12 months, the judge continued: 'It wasn't a commercial calculated crime, so that tends to put it at a lower level, and it was discovered very quickly, following an internal audit.' Judge Comerford fully suspended the 12-month jail term for a period of 18 months, and directed that Fitzgerald continue to engage with gambling support services. 'While the amount of money is significant, it would have been more serious if it was someone vulnerable that was preyed upon,' said the judge. 'This was not done for a high lifestyle or to accrue wealth, but, it was for a gambling addiction.' Afterwards, Colm Fitzgerald hugged family members outside the court.
Yahoo
15-05-2025
- Business
- Yahoo
ARW Q1 Earnings Call: Revenue Beat Offset by Cautious Guidance Amid Trade Policy Uncertainty
Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) beat Wall Street's revenue expectations in Q1 CY2025, but sales fell by 1.6% year on year to $6.81 billion. On the other hand, next quarter's revenue guidance of $7 billion was less impressive, coming in 1.4% below analysts' estimates. Its non-GAAP profit of $1.80 per share was 25.5% above analysts' consensus estimates. Is now the time to buy ARW? Find out in our full research report (it's free). Revenue: $6.81 billion vs analyst estimates of $6.36 billion (1.6% year-on-year decline, 7.2% beat) Adjusted EPS: $1.80 vs analyst estimates of $1.43 (25.5% beat) Adjusted EBITDA: $214.6 million vs analyst estimates of $197.9 million (3.1% margin, 8.5% beat) Revenue Guidance for Q2 CY2025 is $7 billion at the midpoint, below analyst estimates of $7.1 billion Adjusted EPS guidance for Q2 CY2025 is $2 at the midpoint, below analyst estimates of $2.07 Operating Margin: 2.3%, in line with the same quarter last year Free Cash Flow Margin: 4.8%, similar to the same quarter last year Market Capitalization: $6.23 billion Arrow Electronics delivered first quarter results that surpassed Wall Street's revenue and profit expectations, driven by improving demand trends in its global components business and ongoing momentum within enterprise computing solutions. CEO Sean Kerins attributed the upside to stronger-than-expected sales across all regions, particularly in EMEA, and highlighted sequential improvement in industrial and transportation segments. He also cited the positive impact of Arrow's value-added offerings and expense management efforts. Looking ahead, management signaled that demand trends are showing early signs of normalization, but guidance for the next quarter reflects caution due to heightened trade policy uncertainty. Kerins explained, 'We are working to mitigate the impacts of tariffs, but the environment remains highly fluid.' CFO Raj Agrawal noted that recently enacted tariffs are not factored into the baseline revenue outlook and could represent an incremental benefit if implemented. As a result, Arrow's guidance remains conservative until there is greater clarity on trade policy impacts. Management's commentary focused on operational execution in a volatile environment, the evolving trade policy landscape, and shifting demand patterns across business segments. These factors shaped both the revenue outperformance this quarter and the conservative stance on forward guidance. Global Components Resilience: The global components business saw sequential improvement, with EMEA and industrial markets outperforming typical seasonal trends. Arrow's efforts to specialize in IP&E (interconnect, passive, and electromechanical) components contributed to this momentum. Enterprise Solutions Expansion: The enterprise computing solutions (ECS) segment delivered year-over-year growth in billings, gross profit, and operating income, thanks to strength in cloud and hybrid cloud technologies. ECS backlog rose by over 50% year-over-year, indicating sustained demand for recurring revenue streams like ArrowSphere. Inventory and Working Capital: Executives emphasized ongoing normalization in inventory levels. While pockets of excess inventory persist, management believes most metrics are now aligned with historical patterns, setting the stage for more typical working capital deployment as demand recovers. Tariff and Trade Policy Impacts: Management acknowledged that rapidly changing tariffs introduce complexity and uncertainty. Arrow is implementing mitigation strategies—such as alternative sourcing and process adjustments—but has not seen significant changes in customer ordering patterns due to tariffs so far. Potential tariff-related price increases are not included in Q2 guidance. Visibility and Book-to-Bill Improvement: Leading indicators, including book-to-bill ratios and growing backlogs, are supporting management's view that the demand environment is stabilizing. Visibility into the second half of the year has improved, especially as backlog duration extends further into future quarters. Management expects the business environment to gradually recover, but future performance will depend on how Arrow navigates trade policy changes and adapts to evolving customer demand patterns. Tariff and Trade Policy Risk: Unpredictable trade policy developments, particularly new tariffs impacting electronics components, create near-term uncertainty. Management is preparing mitigation plans but acknowledges that sudden changes could affect both revenue and profitability. Shift Toward Recurring Revenue: The expansion of the ArrowSphere digital platform and growth in recurring revenue from as-a-service offerings position ECS for more stable performance. Management believes this shift will help offset volatility in transactional hardware sales. Inventory Normalization and Demand Recovery: As industry-wide inventory levels stabilize and customer replenishment resumes, Arrow anticipates more typical working capital cycles and improved sales visibility. The company's ability to match inventory with demand will be a key determinant of margin performance. Joseph Quatrochi (Wells Fargo): Asked about the 2% to 4% increase in component sales not included in guidance due to tariffs; management clarified that only current policies are reflected and mitigation strategies are in place. William Stein (Truist Securities): Pressed on whether current inventory levels are appropriate long term; management said inventory turns should improve as demand recovers, with pockets of excess still being addressed. William Stein (Truist Securities): Questioned if the ECS business saw order acceleration due to tariff avoidance; CEO Sean Kerins replied that no material pull-ins were observed and demand trends appear steady. Unidentified Analyst (Bank of America): Sought clarification on whether Q1 saw any pull-forward activity; management reported no significant impact from tariff avoidance, with backlog building out into future quarters. Unidentified Analyst (Bank of America): Asked if visibility was improving for later quarters; management confirmed that backlog, book-to-bill ratios, and supplier outlooks suggest greater visibility for the second half of the year. In the coming quarters, the StockStory team will monitor (1) the impact of new tariff implementations and Arrow's ability to manage associated costs, (2) the pace at which industry and company inventories normalize, and (3) continued growth of recurring revenue streams in the ECS segment. We will also track whether Arrow can sustain backlog growth and improved book-to-bill ratios as broader demand recovers. Arrow Electronics currently trades at a forward P/E ratio of 10.3×. In the wake of earnings, is it a buy or sell? The answer lies in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
