Melville, New York-based Arrow Electronics Inc reports that it has achieved highly favourable results during the 10 weeks following its operational consolidation of the North American electronics distribution business it bought from Lex Service PLC at the end of September; it says that sales activity is exceeding pre-acquisition expectations, with current shipping rates indicating that fourth quarter sales will approach $340m for an increase of more than 40% over last year’s fourth quarter and a near 50% increase over this year’s third quarter sales; as a result, it is expecting that the combination of markedly higher sales and unprecedented operating efficiencies will boost fourth quarter net to over $7m, the highest quarterly operating profit in the firm’s history.
