Arrow Electronics Inc at Wells Fargo TMT Summit Transcript

Dec 01, 2022 / 07:20PM GMT
Joseph Michael Quatrochi - Wells Fargo Securities, LLC, Research Division - Senior Equity Analyst

Great. So let's go and get started. I'm Joe Quatrochi, the semi cap and component distribution analyst here at Wells Fargo. Really happy to have the Arrow team here, Raj Agrawal, the CFO; and Ric as well from the accounting team setting in for the meeting. Maybe, Raj, to start, since you recently just joined the company, maybe talk to us about what do you think investors are maybe misunderstanding or underappreciating about the Arrow story and what attracted you to the (inaudible) you're in now?

Rajesh K. Agrawal - Arrow Electronics, Inc. - Senior VP & CFO

Yes. Joe, first of all, thanks for having us here. It's great to be here with you. I know we're on the tail end of the conference here. But look, I think my initial impressions about the company are that it's a very well-run company. It's very disciplined from a capital deployment standpoint. In almost every single conversation we have, it is about the return on working capital, return on invested capital and

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