Identive Group, Inc. announced that it has signed a distribution agreement with Avnet Electronics Marketing Americas, a business region of Avnet, Inc. The agreement provides Avnet's customers with access to Identive's broad range of RFID and NFC readers and embedded modules, in addition to an extensive array of RFID/NFC passive transponders and tags. Identive's RFID and NFC products enable a wide range of contactless applications including access, payment, ticketing and asset tracking. Adoption of mobile phone-based point-of-sale, ticketing, security and loyalty systems based on Near Field Communications technology is accelerating while contactless technology is proliferating in new applications from closed loop embedded RFID based systems for video gaming platforms, to medical device tracking, to anti-counterfeiting, to field maintenance management and reverse logistics. Avnet and Identive are in a position to provide complete ecosystem solutions adapted to all applicable RFID standards to both industrial and consumer customers.

Avnet, Inc. - Analyst/Investor Day

Avnet, Inc. announced consolidated earning results for the third quarter and nine months ended March 30, 2013. For the quarter, the company reported sales of $6,298.699 million compared to $6,280.557 million in the same period last year. Income before income taxes was $144.375 million compared to $200.923 million in the same period last year. GAAP operating income was $167.610 million compared to $216.774 million in the same period last year. Adjusted operating income was $195.0 million compared to $235.4 million in the same period last year. GAAP net income was $86.196 million compared to $147.562 million in the same period last year. Adjusted net income was $125.4 million compared to $151.6 million in the same period last year. GAAP diluted EPS was $0.62 compared to $1.00 in the same period last year. Adjusted diluted EPS was $0.90 compared to $1.03 in the same period last year. Cash generated from operations was $22.0 million for the quarter and $689 million on a rolling four quarter basis. Adjusted pre-tax income was $171.716 million compared to $215.072 million a year ago. For the nine months, the company reported sales of $18,868.2 million compared to $19,400.1 million in the same period last year. Income before income taxes was $422.126 million compared to $604.778 million in the same period last year. Net income was $324.982 million compared to $433.615 million in the same period last year. Net income per share diluted was $2.31 compared to $2.88 in the same period last year. Net cash flows provided by operating activities were $429.414 million compared to $269.436 million in the same period last year. Purchases of property, plant, and equipment were $75.415 million compared to $95.388 million in the same period last year. Operating income was $463.156 million compared to $670.727 million a year ago. For the fourth quarter ending June 30, 2013, the company forecasted consolidated sales to be between $6.15 billion and $6.75 billion, adjusted diluted earnings per share (EPS) is expected to be in the range of $0.90 to $1.00 per share, the EPS guidance assumes 139 million average diluted shares outstanding used to determine earnings per share and a tax rate of 27% to 31%.