Welcome to our dedicated page for Avnet news (Ticker: AVT), a resource for investors and traders seeking the latest updates and insights on Avnet stock.
Avnet, Inc. (Nasdaq: AVT) is a global technology distributor and solutions provider that regularly issues news and updates related to its operations in business-to-business electronic markets. As a company that supports customers and suppliers at every stage of the product lifecycle, from idea and design through prototyping and production, Avnet frequently reports on financial performance, capital allocation decisions and participation in investor events.
News for AVT commonly includes quarterly and annual financial results, where Avnet discusses sales, earnings, segment performance for its Electronic Components and Farnell businesses, and regional trends across the Americas, EMEA and Asia. These releases often highlight non-GAAP financial measures, cash flow from operations and commentary from management on market conditions and business outlook.
Investors following Avnet’s news can also expect announcements about dividends and share repurchases, such as board approvals of regular quarterly cash dividends and changes in dividend levels, as well as disclosures about repurchases of common stock under the company’s share repurchase program. In addition, Avnet issues press releases on financing activities, including the issuance and pricing of convertible senior notes and amendments to credit agreements.
The AVT news flow further includes information on upcoming and completed investor conferences, earnings call schedules and webcasts, and other corporate developments disclosed through press releases and related Form 8-K filings. For investors, analysts and other market participants, this news page provides a centralized view of Avnet’s public communications about its financial condition, strategic financing actions and ongoing engagement with the investment community.
Avnet, Inc. (AVT) has announced a quarterly cash dividend of $.24 per share, approved by its Board of Directors on November 17, 2021. The dividend payout is scheduled for December 15, 2021, to shareholders who hold shares by the close of business on December 1, 2021. This consistent dividend payment highlights Avnet's commitment to returning value to its shareholders as it continues to support customer needs across the technology lifecycle.
Avnet (Nasdaq: AVT) has announced its participation in two upcoming virtual investor conferences. On November 30, CEO Phil Gallagher, CFO Tom Liguori, and VP Joe Burke will host a fireside chat at the Wells Fargo TMT Summit at 1:20 p.m. ET. On December 6, the same team will participate in the Raymond James Technology Investors Conference at 8:50 a.m. ET. Both events will be webcast live, with links available on the Avnet investor relations website. Avnet, a century-old technology distributor, supports customers throughout all stages of product development.
Avnet (Nasdaq: AVT) has partnered with Digital Realty (NYSE: DLR) to provide innovative video broadcast solutions aimed at enhancing enterprise capabilities. Their first offering features 3rd Gen AMD EPYC servers integrated with Xilinx U30 FPGA accelerator cards, designed for high-performance, cloud-based video streaming. This collaboration enables organizations to easily benchmark and deploy solutions without upfront infrastructure costs, targeting various sectors including telemedicine and digital content distribution. The service emphasizes cost-effectiveness and performance, supporting the growing demand for digital video services.
Avnet, Inc. (Nasdaq: AVT) reported first quarter sales of $5.6 billion, marking an 18.2% increase year over year. Diluted EPS stands at $1.10, while adjusted diluted EPS is $1.22, highlighting significant growth compared to previous quarters. Operating margins improved, with Electronic Components at 3.2% and Farnell at 10.9%. The company plans to navigate ongoing supply chain challenges and anticipates continued strong market demand into 2022, projecting second quarter sales guidance between $5.3B and $5.7B.
Avnet (Nasdaq: AVT) will report its first quarter fiscal year 2022 financial results on October 28 after market close. CEO Phil Gallagher and CFO Tom Liguori will host a conference call to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET. Investors can join the call by dialing 877-407-8112 or 201-689-8840. The presentation will be accessible on Avnet's Investor Relations website. A replay will be available for 90 days until January 28. For further information, visit www.avnet.com.
Avnet (Nasdaq: AVT) announced that CEO Phil Gallagher, CFO Tom Liguori, and VP Joe Burke will participate in a virtual fireside chat at the Citi 2021 Global Technology Conference on September 15 at 1:50 p.m. ET. This event will be webcast live and available for replay on Avnet's Investor Relations section. Avnet, a leading global technology distributor, supports customers throughout the product lifecycle, facilitating faster revenue realization. For more details, visit www.avnet.com.
Avnet (NASDAQ: AVT) has appointed Ernest Maddock to its board of directors, effective immediately. Maddock will contribute his extensive technology and financial expertise, having previously served as the CFO at Micron Technology, Riverbed Technology, and LAM Research. His appointment aims to enhance corporate governance as Avnet enters its Centennial year. Maddock also serves on the board of Ultra Clean Holdings, focusing on semiconductor systems. With an MBA from Georgia State University, his leadership is anticipated to offer valuable insights for Avnet's global business growth.
Avnet (Nasdaq: AVT) announced a 9.1% increase in its quarterly cash dividend to
Additionally, Avnet will hold its Annual Shareholder Meeting on
Avnet reported strong financial results for the fourth quarter and fiscal year ended July 3, 2021, with sales of $5.2 billion, a 25.7% year-over-year increase. GAAP diluted EPS rose to $0.85, up from $0.53 a year earlier, while non-GAAP adjusted diluted EPS increased to $1.12 from $0.64. Operating margins improved, with Farnell achieving 8.3% margin. Looking ahead, Avnet forecasts first-quarter sales between $5.1B and $5.4B and adjusted EPS of $1.02 to $1.12. The company continues to capitalize on strong demand across all regions.
Avnet, Inc. (Nasdaq: AVT) released preliminary results for Q4, showing sales of $5.2 billion, exceeding previous guidance of $4.7 to $5.1 billion. This represents a year-over-year growth of 25.7% and a quarter-over-quarter increase of 6.3%. GAAP diluted EPS is projected between $0.72 and $0.78, while adjusted EPS is expected to be $1.01 to $1.05, reflecting substantial growth of 57.8% to 64.1% year-over-year. The positive performance is attributed to strong sales growth in EMEA, Asia, and Farnell, alongside improved operating margins across regions.