Avnet Q3 FY2022 sales $6.5B (+32% YoY); adj. EPS $2.15 vs $0.74 YoY

AVNET INC

2022-Q3 EPS reported $4.44 revenue$17,938,055,000

Sales $6,488M, up 32% YoY and 11% sequentially; constant-currency growth 35.7% YoY.
GAAP diluted EPS $1.84 vs $1.07 YoY; adjusted diluted EPS $2.15 vs $0.74 YoY (+190.5%).
Electronic Components op. margin 4.4% (up 178 bps YoY); Farnell op. margin 14.9% (record, +886 bps YoY).
Americas sales +40.2% YoY to $1.63B; EMEA +37.9% to $2.19B; Asia +23.3% to $2.68B.
Dividend payout increased 23.8% YoY; $25.6M returned to shareholders in dividends.

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