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Avnet Inc   (AVT)
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Avnet Inc

AVT's Financial Statements and Analysis



Avnet Inc reported in the first quarter of 2024 net earnings per share of $2.25 an increase by 16.58 % year on year from $1.93 and an improvement of 32.59 % from $1.70 realized in IV. Quarter (Jul 01 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 2.25 $  6,335 Mill
$+0.32     +16.58 % $-414M     -6.14 %



Avnet Inc 's Revenue fell by -6.14 % in first quarter of 2024 (Sep 30 2023) year on year, to $6,335 million and declined by -3.35 % sequentially.


Avnet Inc is

More on AVT's Income Statement



Avnet Inc 's net income of $209.268 million in the first quarter of 2024 increased by 13.57 % from net earnings of $184.261 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 34.79 % from net income of $155.255 million realized in previous quarter.

More on AVT's Growth

Avnet Inc Inventories
Inventories grew by 23.63 % to $5,755 million from I. Quarter a year ago, sequentially inventories rose by 5.31 %. In Sep 30 2023 company's net cash and cash equivalents decreased by $-10 million, capital expenditures fell by -28.208169.74%, to $-76 millions compare to same quarter a year ago

More on AVT's Cash flow Statement


Avnet Inc payed out dividend of $1.18 per share in last 52 weeks representing 13.70 % of net earning per share in trailing twelve-month period.

During the same period Avnet Inc payed $ -1.18 cash per share, on a free-cash flow basis .

Book value grew by 1.65 % sequentially to $51.76 per share, 113.04% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 43.60 per share from $ 42.55.

Company repurchased 0.14 million shares or 0.15 % in Sep 30 2023.
Interest Coverage Ratio was 4.66. Debt Coverage Ratio was 0.41.

More on AVT's Dividends

 Market Capitalization (Millions) 4,510
 Shares Outstanding (Millions) 93
 Total Debt (Millions $) 3,171
 Revenue (TTM) (Millions $) 26,122
 Net Income (TTM) (Millions $) 796
 Cash Flow (TTM) (Millions $) 198
 Capital Exp. (TTM) (Millions $) -243
 Dividend TTM ($) 1.18 $
 Dividend Yield TTM (%) 2.56 %
 Employees (TTM) $ 18,800




Avnet Inc payed out dividend of $1.18 per share in the last 52 weeks representing 13.70 % of net earning per share in trailing twelve-month period.

During the same period Avnet Inc had negative $ -1.18 cash flow per share, on a free-cash flow basis .

Book value grew by 1.65 % sequentially to $51.76 per share, 113.04% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 43.60 per share from $ 42.55.

Company repurchased 0.14 million shares or 0.15 % in Sep 30 2023.
Interest Coverage Ratio was 4.66. Debt Coverage Ratio was 0.41.

More on AVT's Balance Sheets

 Market Capitalization (Millions) 4,510
 Shares Outstanding (Millions) 93
 Total Debt (Millions $) 3,171
 Revenue (TTM) (Millions $) 26,122
 Net Income (TTM) (Millions $) 796
 Cash Flow (TTM) (Millions $) 198
 Capital Exp. (TTM) (Millions $) -243
 Dividend TTM ($) 1.18 $
 Dividend Yield TTM (%) 2.56 %
 Employees (TTM) $ 18,800
   


  News about Avnet Inc Earnings

Avnet Inc's Revenue Takes a Dive, but Earnings Soar to New Heights

Avnet Inc: Overcoming Weak Revenue to Achieve Bullish Growth
Despite experiencing a decline in revenue during the July to September 30, 2023 fiscal time-frame, Avnet Inc has managed to showcase impressive growth in its earnings per share. The company's income advanced by 16.58% to $2.25 per share, indicating a significant upswing. Although the revenue fell by -6.135% to $6.34 billion year on year, the company's ability to strengthen its earnings per share highlights its resilience and potential for further growth.
Comparing the current reporting season with the preceding one, Avnet Inc demonstrated astounding progress. Earnings grew by 32.59% from $1.70 to $2.25 per share, signifying the company's un...

Avnet Inc Shines Bright: A Remarkable Journey of Outstanding Achievements in the Most Recent Fiscal Period

Avnet Inc, a leading provider of electronic parts and equipment, has seen significant growth i...

Avnet Inc. Sees Minor Revenue Dip of -3.489% in Q3 2023 Amidst Challenging Market Conditions

Avnet Inc, an American technology solutions provider, has recently released their financial figures for the fiscal interval closing April 01, 2023, which showed a mixed result in terms of revenue and earnings. Despite having soft orders, the company managed to improve its earnings per share, with income per share increasing by 5.18% to $2.03 per share, while revenue declined by -3.489% to $6.51 billion year on year.
Looking back at the previous reporting period, the company's revenue decreased by -3.02% from $6.72 billion, while income faded by -22.81% from $2.63 per share. However, the company's net profits of $187.426 million in the fiscal interval closing April 01, 2023, increased by 1.72% from the ne...


Date modified: 2023-11-06T18:27:18+00:00





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