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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 reported third-quarter sales of $6.5 billion, a 32% increase year-over-year and 11% sequentially. Diluted EPS rose to $1.84, with adjusted EPS at $2.15. Operating margins improved for both Electronic Components (4.4%) and Farnell (14.9%). The Americas saw a 40.2% sales rise, while overall demand for supply chain orchestration contributed to strong performance. For Q4, the company anticipates sales between $6.0B and $6.4B, with adjusted EPS guidance of $1.90 to $2.00.
Data I/O Corporation has partnered with NXP Semiconductors and Avnet Silica to support the LPC55S6x series microcontroller using its SentriX security deployment platform. This collaboration allows OEMs to enhance IoT security for mass-market edge devices, facilitating simpler deployment and reducing costs. SentriX Product Creator provides easy-to-use security profiles, streamlining the production process for OEMs. The SentriX platform aims to improve security for software, services, and intellectual property, ultimately supporting new business models in IoT applications.
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.
Avnet (AVT) will release its third quarter fiscal 2022 financial results on April 27 after market close. The company’s CEO Phil Gallagher and CFO Tom Liguori will discuss these results during a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET. Stakeholders can participate in the call by dialing 877-407-8112 or 201-689-8840. A replay will be available for 90 days starting from July 27. Avnet continues its long-standing role as a technology solutions provider, supporting customers through the entire product lifecycle.
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
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