Last $44.69 USD
Change Today -0.26 / -0.58%
Volume 1.0M
AVT On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

avnet inc (AVT) Snapshot

Open
$45.05
Previous Close
$44.95
Day High
$45.17
Day Low
$44.69
52 Week High
04/4/14 - $48.18
52 Week Low
09/3/13 - $38.02
Market Cap
6.2B
Average Volume 10 Days
649.8K
EPS TTM
$4.23
Shares Outstanding
138.3M
EX-Date
09/4/14
P/E TM
10.6x
Dividend
$0.64
Dividend Yield
1.34%
Current Stock Chart for AVNET INC (AVT)

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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: $650.0K
Senior Vice President, Member of Executive Bo...
Total Annual Compensation: $525.0K
Chief Human Resources Officer & Corporate Com...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

avnet inc (AVT) Key Developments

Avnet, Inc. Announces Increase in Quarterly Dividend, Payable on September 19, 2014

Avnet, Inc. announced that its Board of Directors has approved a 7% increase in the quarterly cash dividend to $0.16 per share. The dividend will be paid on September 19, 2014, to shareholders of record as of the close of business on September 8, 2014.

Avnet, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 28, 2014; Provides Earnings Guidance for the First Quarter of Fiscal 2015 Ending on September 27, 2014

Avnet, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended June 28, 2014. For the quarter, the company reported net income of $186.3 million or $1.33 per diluted share on sales of $7,048.7 million compared to net income of $126.1 million or $0.91 per diluted share on sales of $6,590.7 million reported in the same period last year. Operating income was $204.5 million against $162.8 million reported last year. Income before income taxes was $175.6 million against $127.1 million reported last year. Adjusted operating income was $244.9 million against $231.2 million reported last year. Adjusted net income was $160.1 million or $1.14 per diluted share against $141.8 million or $1.02 per diluted share reported last year. Adjusted income before income taxes was $219.3 million against $195.8 million reported last year. Cash flow from operations was $34 million for the quarter. For the year, the company reported net income of $545.6 million or $3.89 per diluted share on sales of $27,499.7 million compared to net income of $450.1 million or $3.21 per diluted share on sales of $25,458.9 million reported in the same period last year. Operating income was $789.9 million against $626 million reported last year. Income before income taxes was $701.1 million against $549.3 million reported last year. Net cash flows provided by operating activities was $237.4 million against $696.2 million reported last year. Purchases of property, plant and equipment was $123.2 million against $97.4 million reported last year. Adjusted operating income was $931.3 million against $807.9 million reported last year. Adjusted net income was $594.1 million or $4.24 per diluted share against $507.8 million or $3.63 per diluted share reported last year. Adjusted income before income taxes was $823.7 million against $700.1 million reported last year. For the first quarter of fiscal 2015 ending on September 27, 2014, Avnet sales are forecasted to be between $6.4 billion and $7.0 billion. Adjusted diluted earnings per share are expected to be in the range of $0.93 to $1.03 per share. EPS guidance assumes 141 million average diluted shares outstanding and a tax rate of 26% to 30%.

Avnet, Inc. Announces the Release of the RGS Cold Storage Solution

RGS, a business unit of Avnet, Inc. has announced the release of the RGS Cold Storage solution. Developed by RGS in conjunction with storage software provider Storiant, RGS Cold Storage is available through RGS' network of value-added resellers (VARs), managed service providers and integrated software vendors in the Americas. RGS Cold Storage is designed to enable end customers to optimize and manage petabyte-scale data more efficiently and cost effectively as they see a massive influx of data, including rich media, images, video, archives and more. The RGS Cold Storage Solution includes: object storage software from Storiant, fully integrated rack-level appliance, petabyte-scale cold storage and long-term archival, reduced total cost of ownership with low cost per TB, On-demand cold storage or archival and Hot serviceable drives.

 

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Industry Analysis

AVT

Industry Average

Valuation AVT Industry Range
Price/Earnings 11.5x
Price/Sales 0.2x
Price/Book 1.3x
Price/Cash Flow 11.4x
TEV/Sales 0.1x
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