secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0000008858-21-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet reports Q1 FY2022 sales $5.6B (+18.2% YoY), adj. EPS $1.22, EC and Farnell margins rise
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- Sales $5.6B, up 18.2% YoY; organic sales up 33.7% YoY adjusting for TI sales and extra week.
- GAAP diluted EPS $1.10; adjusted diluted EPS $1.22 vs $1.12 prior quarter.
- Electronic Components operating margin 3.2% (up 8 bps Q/Q); Farnell margin 10.9% (up 263 bps Q/Q).
- Returned $23.9M to shareholders via dividends and reinitiated share repurchase program.
- Management expects strong demand into calendar 2022; Q2 results projected in line with Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885821000046/0000008858-21-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885821000046/avt-20211028x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-21-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer