Avnet Q2 fiscal 2022 sales $5.9B, up 25.6% YoY; adjusted EPS $1.51 vs $0.48

AVNET INC

2022-Q2 EPS reported $2.60 revenue$11,449,912,000

Sales $5.87B, up 25.6% YoY; GAAP diluted EPS $1.50 (vs $0.19); adjusted EPS $1.51 (vs $0.48).
Electronic Components operating margin 3.5% (up 109 bps YoY); Farnell margin 13.7% (up 917 bps YoY).
Returned $23.7M to shareholders in dividends, payout increased 14% YoY; strong demand environment noted.
Americas sales up 26.3% YoY; EMEA up 36.7%; Asia up 18.6%.

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