Avnet to Detail Growth and Margin Expansion Strategies at Investor Day 2022

Rhea-AI Summary

Avnet (Nasdaq: AVT) will hold its 2022 Investor Day on June 6 at Nasdaq MarketSite in New York City. Starting at 10:30 a.m. EDT, the event will feature presentations from CEO Phil Gallagher, CFO Tom Liguori, and senior leadership. Key topics include Avnet’s value proposition, Farnell's e-commerce investments, supply chain opportunities in electronic components, revenue growth in high-margin areas, and capital allocation for 2022 and beyond. A customer and supplier panel will also discuss industry trends. A webcast will be available on Avnet's website.

Positive

• Increase in value proposition as a distributor.
• Growth and investments in Farnell's e-commerce capabilities.
• Exploration of emerging supply chain opportunities for electronic components.
• Focus on higher margin revenue growth, including digital enabled sales and embedded systems.
• Capital allocation priorities outlined moving into 2022.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Avnet (Nasdaq: AVT), a leading global technology solutions company, will host a 2022 Investor Day at the Nasdaq MarketSite in New York City on Monday, June 6. The event will begin at 10:30 a.m. EDT with Avnet management presentations and will conclude at 3:30 p.m. Avnet presenters will include Phil Gallagher, CEO; Tom Liguori, CFO; and members of the Avnet senior leadership team.

Presentations will highlight:

• Avnet’s increasing value proposition as a distributor and its unique view of the market
• Farnell growth and investments to support its e-commerce capabilities
• Emerging supply chain opportunities for Electronic Components
• Growth in higher margin revenue, including demand creation, digital enabled sales, embedded systems, and interconnect, passive, & electromechanical
• Avnet’s capital allocation priorities moving through 2022 and beyond

In addition, the event will include a customer and supplier panel that will discuss industry trends and the value of Avnet’s role as a vital link at the center of supply chain.

Avnet will provide a webcast of the day’s events. Information regarding the webcast will be posted to Avnet’s website. On the day of the event, interested parties should log on to the website at ir.avnet.com 15 minutes prior to the start of the event to register.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com. (AVT_IR)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220425005887/en/

Investor Relations Contact

Joe Burke, 480-643-7431

Joseph.Burke@avnet.com

Media Relations Contact

Jeanne Forbis, 480-643-7499

Jeanne.Forbis@avnet.com

Source: Avnet

FAQ

When is Avnet's 2022 Investor Day?

Avnet's 2022 Investor Day is on June 6, 2022.

Where will Avnet's 2022 Investor Day be held?

The event will be held at Nasdaq MarketSite in New York City.

What time does Avnet's Investor Day start?

Avnet's Investor Day will start at 10:30 a.m. EDT.

Who will present at Avnet's Investor Day?

Presenters include CEO Phil Gallagher and CFO Tom Liguori.

Will there be a webcast for Avnet's Investor Day?

Yes, a webcast will be available on Avnet's website.