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. (AVT) drives innovation in global electronics distribution, connecting semiconductor suppliers with manufacturers worldwide. This news hub provides investors and industry professionals with essential updates on Avnet's strategic initiatives, financial performance, and market leadership.
Access real-time press releases covering earnings announcements, supply chain developments, and technology partnerships. Our curated collection ensures you stay informed about critical milestones in electronic component distribution and engineering solutions.
Key updates include quarterly financial results, executive leadership changes, sustainability initiatives, and innovations in IoT/embedded systems. Bookmark this page for direct access to verified information supporting informed analysis of Avnet's position in the semiconductor value chain.
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.
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.
