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Avnet, Inc. (NASDAQ: AVT) is a global leader in electronic components distribution, dedicated to advancing technological innovation. With a presence in 125 countries and a team of 15,000 professionals, Avnet bridges the gap between suppliers and customers in the electronics industry. The company supports all phases of the technology lifecycle, from initial design to final production.
Avnet caters to startups and established manufacturers alike, providing crucial resources such as design tools, test kits, and supply chain services. As the third-largest semiconductor distributor globally, Avnet serves over 2.1 million small- and mid-sized businesses in 140 countries. The company's European distribution network is particularly noteworthy, being the largest in the region.
Recent achievements include innovative partnerships and cutting-edge projects aimed at accelerating technological advancements. Avnet’s engineers and support teams are at the forefront of these developments, enhancing the company’s role as a pivotal player in the tech industry.
With a strong financial foundation and a culture rooted in emerging technology, Avnet continues to guide ideas into tomorrow's technology. Whether you're an innovator at the start of your journey or a manufacturer ready to scale, Avnet provides the tools and expertise needed to succeed.
Avnet Integrated has achieved the Titanium partner status in Dell Technologies’ Partner Program for FY 2023, demonstrating significant collaboration and growth. This recognition allows Avnet to enhance its offerings, helping clients in various sectors such as healthcare and industrial automation accelerate growth, optimize costs, and improve customer experiences. With this status, Avnet is among a select group of OEM-focused Titanium members, leveraging its expertise and scale to drive innovation and support clients' business outcomes.
Avnet (Nasdaq: AVT) will participate in the 43rd Annual Raymond James Institutional Investors Conference on March 9 at 9:15 a.m. ET in Orlando, Florida. Key executives, including CEO Phil Gallagher, CFO Tom Liguori, and VP of Treasury & Investor Relations Joe Burke, will engage in a fireside chat. The event will be webcast live on the Avnet Investor Relations webpage. A replay will be accessible post-event. Avnet, a century-old technology distributor, supports customers throughout the product lifecycle.
Avnet, a global technology solutions provider, announced a quarterly cash dividend of $0.26 per share, approved by its Board of Directors on Feb. 16, 2022. The dividend will be distributed on March 16, 2022 to shareholders recorded by the close of business on March 2, 2022. This reflects the company’s commitment to returning value to shareholders while supporting its ongoing business operations.
Avnet, Inc. (Nasdaq: AVT) reported strong second-quarter results for fiscal year 2022, with sales reaching $5.9 billion, a 25.6% increase year-over-year. Diluted EPS also saw significant growth, at $1.50, compared to $0.19 in the prior year. Adjusted diluted EPS rose to $1.51, up 214.6% year-over-year. Operating margins improved for both Electronic Components and Farnell, reaching 3.5% and 13.7%, respectively. The company returned $23.7 million to shareholders through dividends, marking a 14% increase year-over-year. Looking ahead, the company anticipates continued growth amidst favorable market conditions.
Avnet (Nasdaq: AVT) will release its financial results for Q2 FY2022 on
Avnet (NASDAQ: AVT) appointed Dayna Badhorn as the new regional president for its Americas electronics components division, effective immediately. With 23 years at Avnet, Badhorn previously served as global VP of strategic planning and corporate marketing, where she identified growth opportunities. CEO Phil Gallagher expressed confidence in her ability to drive growth in the region. Badhorn has held various leadership roles since joining in 1998 and has a track record of launching initiatives and managing transformation projects.
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.
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