William E. Mitchell
Chairman, President and
Chief Executive Officer
To Our Shareholders:
Our 2006 results represent another remarkable year of achievement for us – a year in which we posted record sales revenue of $13.6 billion, an increase of nearly 22 percent from 2005.
Since I first reported Arrow’s results to you more than four years ago, we have made steady progress across the four pillars of our business strategy – growth, operational excellence, financial stability and shared leadership. Our long-term commitment to this strategy continues to deliver results. In four years, our compound annual growth rate has reached nearly 17 percent, and our return on invested capital has more than tripled, from 3.4 percent to 11.4 percent.
Our 2006 results represent another remarkable year of achievement for us – a year in which we posted record sales revenue of $13.6 billion, an increase of nearly 22 percent from 2005.
Since I first reported Arrow’s results to you more than four years ago, we have made steady progress across the four pillars of our business strategy – growth, operational excellence, financial stability and shared leadership. Our long-term commitment to this strategy continues to deliver results. In four years, our compound annual growth rate has reached nearly 17 percent, and our return on invested capital has more than tripled, from 3.4 percent to 11.4 percent.