Avnet reports record Q4 sales $5.2B, EPS $0.85 GAAP, $1.12 adjusted; up 75% YoY

AVNET INC

2021-FY EPS reported $1.93 revenue$19,534,679,000

Q4 sales $5,226.7M, up 25.7% YoY; record for Electronic Components and Farnell segments.
GAAP diluted EPS $0.85 vs $0.53 YoY; adjusted diluted EPS $1.12 vs $0.64, up 75%.
Electronic Components operating margin 3.1% (up 157bps YoY); Farnell margin 8.3% (up 469bps YoY).
Asia sales grew 37.7% YoY to $2,295M; EMEA up 29.3%; Americas up 3.9%.
Adjusted operating margin 2.9% (up 187bps YoY); near-term targets 3% for EC, 10% for Farnell.

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