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Avnet Inc   (AVT)
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Price: $46.9900 $-0.51 -1.074%
Day's High: $47.7225 Week Perf: 0.19 %
Day's Low: $ 46.97 30 Day Perf: 4.24 %
Volume (M): 1,407 52 Wk High: $ 51.65
Volume (M$): $ 66,110 52 Wk Avg: $46.53
Open: $47.42 52 Wk Low: $39.64



 Market Capitalization (Millions $) 4,378
 Shares Outstanding (Millions) 93
 Employees 18,800
 Revenues (TTM) (Millions $) 26,122
 Net Income (TTM) (Millions $) 796
 Cash Flow (TTM) (Millions $) 198
 Capital Exp. (TTM) (Millions $) 243

Avnet Inc

Avnet, Inc., incorporated in New York in 1955, together with its consolidated subsidiaries, is a global value-added distributor of electronic components, enterprise computer and storage products, IT solutions and services and embedded subsystems. Avnet creates a vital link in the technology supply chain that connects the world’s leading electronic component and computer product manufacturers and software developers with a global customer base of original equipment manufacturers (“OEMs”), electronic manufacturing services (“EMS”) providers, original design manufacturers (“ODMs”), systems integrators (“SIs”), independent software vendors (“ISVs”) and value-added resellers (“VARs”). Avnet distributes electronic components, computer products and software, as received from its suppliers or through a customized solution, and offers assembly and other value-added services. In addition, Avnet provides engineering design, materials management and logistics services, system integration and configuration and supply chain services customized to meet specific requirements of customers and suppliers.

Avnet has two primary operating groups — Electronics Marketing (“EM”) and Technology Solutions (“TS”). Both operating groups have operations in each of the three major economic regions of the world: the Americas; Europe, the Middle East and Africa (“EMEA”); and Asia/Pacific, consisting of Asia, Australia and New Zealand (“Asia” or “Asia/Pac”). Each operating group has its own management team led by a group president and includes regional presidents and senior executives within the operating group who manage various functions within the businesses. Each operating group also has distinct financial reporting that is evaluated at the corporate level on which operating decisions and strategic planning for the Company as a whole are made. Divisions (“business units”) exist within each operating group that serve primarily as sales and marketing units to further streamline the sales and marketing efforts within each operating group and enhance each operating group’s ability to work with its customers and suppliers, generally along more specific product lines or geographies. However, each business unit relies heavily on the support services provided by the operating group as well as centralized support at the corporate level.

EM markets and sells semiconductors, interconnect, passive and electromechanical devices (“IP&E”) and embedded products for the world’s leading electronic component manufacturers. With a global reach that extends to more than 70 countries, EM’s products and services cater to a diverse customer base serving many end-markets including automotive, communications, computer hardware and peripherals, industrial and manufacturing, medical equipment, and defense and aerospace. EM also offers an array of value-added support and services that help customers evaluate, design-in and procure electronic components throughout the lifecycle of their technology products and systems. By working with EM, customers and suppliers can accelerate their time to market and realize cost efficiencies in both the design and manufacturing process.

As a leading global IT solutions distributor, TS works with its business partners in the supply chain to create and deliver effective datacenter and IT lifecycle solutions that solve the business challenges of end-users around the world. These complex IT solutions span the entire IT lifecycle and are sold and delivered to a variety of TS’ customer partners, including VARs, ISVs, SIs and OEMs. These solutions can include any combination of services, software and hardware that address among other items, infrastructure and application management, cloud computing, automation, orchestration, datacenter transformation, security, big data, aftermarket and IT lifecycle services, and multilingual vendor accredited training. TS also serves non-PC OEMs requiring embedded systems and solutions, including engineering, product prototyping, integration and other value-added products and services. In addition, TS provides the latest hard disk drives and microprocessor, motherboard and DRAM module technologies to manufacturers of general-purpose computers and system builders.

One of Avnet’s competitive strengths is the breadth and quality of the suppliers whose products it distributes. IBM products accounted for approximately 11% of the Company’s consolidated sales.



   Company Address: 2211 South 47th Street Phoenix 85034 AZ
   Company Phone Number: 643-2000   Stock Exchange / Ticker: NASDAQ AVT
   


Customers Net Income grew by AVT's Customers Net Profit Margin grew to

1122.87 %

10.53 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ARW   -0.42%    
TSSI   -0.42%    
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Avnet Inc

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 unwavering commitment to improving its financial performance. While revenue experienced a minor decrease of -3.352% from $6.55 billion, this decline should not overshadow the remarkable strides Avnet Inc has made.

Avnet Inc

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 in its income per share and revenue in the May to July 01, 2023 financial period. The company's income per share increased by 6.33% to $1.80 per share compared to $1.69 a year ago. However, profits fell by -11.5% from $2.03 per share in the prior reporting period.
Despite the decrease in profits, Avnet Inc experienced a substantial jump in revenue, with a 30.901% increase to $6.82 billion from $5.21 billion in the corresponding reporting period a year ago. Sequentially, revenue advanced by 4.624% from $6.51 billion.

Avnet Inc

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 net earnings of $184.261 million reported in the same period a year ago.






 

Avnet Inc's Segments
 
 
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