Last $41.78 USD
Change Today +0.63 / 1.53%
Volume 1.3M
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04/4/14 - $48.18
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avnet inc (AVT) Details

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific. It operates through two segments, Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors; interconnect, passive, and electromechanical devices; and embedded products for the electronic component manufacturers, as well as offers an array of value-added services that enable customers to evaluate, design-in, and procure electronic components throughout the lifecycle of their technology products and systems. This segment offers its products and services to various customer base serving automotive, communications, computer hardware and peripherals, industrial and manufacturing, medical equipment, and defense and aerospace end-markets. The TS segment distributes enterprise computing servers and systems, software, storage, services, and complex solutions; and provides hard disk drives, microprocessors, motherboards, and DRAM module technologies to manufacturers of general-purpose computers and system builders. It also partners with its customers and suppliers to create and deliver data center and IT lifecycle solutions that solve the business challenges of end-user customers, as well as offers businesses, IT lifecycle, education, cloud, and managed solutions. This segment serves value-added resellers, system integrators, and independent software vendors, as well as original equipment manufacturers (OEMs) for computing technology and non-PC OEMs requiring embedded systems and solutions. The company was founded in 1955 and is headquartered in Phoenix, Arizona.

19,000 Employees
Last Reported Date: 08/8/14
Founded in 1955

avnet inc (AVT) Top Compensated Officers

Chairman of Executive Board, Chief Executive ...
Total Annual Compensation: $900.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $805.0K
Senior Vice President, Member of Executive Bo...
Total Annual Compensation: $525.0K
Senior Vice President, Member of Executive Bo...
Total Annual Compensation: $418.8K
Chief Human Resources & Corporate Communicati...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2014.

avnet inc (AVT) Key Developments

Avnet, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 27, 2014; Provides Earnings Guidance for the Second Quarter Ending December 27, 2014

Avnet, Inc. reported unaudited consolidated earnings results for the first quarter ended September 27, 2014. For the quarter, the company reported sales of $6,839.587 million compared to $6,345.475 million a year ago. Operating income was $193.197 million compared to $178.987 million a year ago. Income before income taxes was $168.304 million compared to $171.942 million a year ago. Net income was $127.946 million compared to $120.624 million a year ago. Diluted earnings per share were $0.91 compared to $0.86 a year ago. Net cash used in operating activities was $40.655 million compared to $126.191 million a year ago. Purchases of property, plant and equipment was $36.580 million compared to $27.384 million a year ago. Adjusted operating income was $193.2 million compared to $179 million a year ago. Adjusted net income was $144.2 million compared to $126 million a year ago. Adjusted diluted EPS was $1.02 compared to $0.90 a year ago. Net debt (total debt less cash and cash equivalents) was approximately $1.3 billion. The company provided earnings guidance for the second quarter ending December 27, 2014. For the quarter, the company's adjusted diluted earnings per share is forecasted to be in the range of $1.15 to $1.25 per share. The company's consolidated sales are expected to be between $7 billion and $7.6 billion. This guidance does not include any potential restructuring and integration charges or the amortization of intangibles. The guidance assumes 139 million average diluted shares outstanding and an effective tax rate in the range of 27% to 31%.

Avnet, Inc. Opens CenterPoint Value-Added Services Center in Ohio

Avnet, Inc. announced the opening of its IT services facility worldwide in the Columbus, Ohio, area -- the CenterPoint Value-Added Services Center. The 580,000-square-foot, facility provides complete IT lifecycle services in one location. The all-in-one services model brings together engineering, integration, installation, logistics, fulfillment, repair, recycling, remarketing, call center, and maintenance services. CenterPoint provides services for original equipment manufacturers (OEM), system integrators (SI) and value-added reseller (VAR) partners.

Avnet, Inc. to Report Q1, 2015 Results on Oct 23, 2014

Avnet, Inc. announced that they will report Q1, 2015 results at 2:00 PM, US Eastern Standard Time on Oct 23, 2014


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Price/Cash Flow 10.4x
TEV/Sales 0.1x

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