Avnet Inc

AVT

Equity

ISIN US0538071038 / Valor 910232

NASDAQ (2024-11-20)

USD 52.92+1.26%

Avnet Inc
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About company

Avnet Inc is a global technology solutions company that has been adapting to technological changes for over a century. They assist professional engineers, entrepreneurs, and startups in developing their tech projects from idea to design and from prototype to production. By offering an end-to-end approach, Avnet helps reduce the time, cost, and complexities associated with bringing products to market.

Summarized from source with an LLMView SourceSector: Technology

Fourth Quarter Sales

Avnet Inc. reported sales of $5.6 billion for the fourth quarter of fiscal year 2024, which ended on June 29, 2024. This represents a decrease from the $6.6 billion in sales reported in the same quarter of the previous year.

Fourth Quarter Earnings

For the fourth quarter of fiscal year 2024, Avnet Inc. reported diluted earnings per share (EPS) of $0.91, down from $1.68 in the prior year quarter. Adjusted diluted EPS was $1.22, compared to $2.06 in the same period last year.

Operating Income Margin

Avnet Inc. achieved an operating income margin of 3.0% in the fourth quarter of fiscal year 2024, compared to 4.3% in the prior year quarter. The adjusted operating income margin was 3.5% for the same period.

Cash Flow and Shareholder Returns

During the fourth quarter of fiscal year 2024, Avnet Inc. generated $274 million in cash flow from operations. The company returned $79 million to shareholders through share repurchases and $28 million in dividends.

Fiscal Year 2024 Highlights

For the full fiscal year 2024, Avnet Inc. reported sales of $23.8 billion, down from $26.5 billion in the prior year. The company also reported diluted EPS of $5.43 and adjusted diluted EPS of $5.34, compared to $8.26 and $8.06, respectively, in the previous fiscal year.

Summarized from source with an LLMView Source

Key figures

10.3%1Y

35.8%3Y

30.9%5Y

Performance

24.9%1Y

27.6%3Y

34.8%5Y

Volatility