Avnet Q4 sales $6.4B (+22% YoY), GAAP EPS $2.51, adjusted EPS $2.07; record fiscal year EPS $6.94

AVNET INC

2022-FY EPS reported $6.94 revenue$24,310,708,000

Q4 sales $6.4B, up 21.9% YoY (28.2% constant currency); GAAP diluted EPS $2.51 vs $0.85.
Non-GAAP adjusted diluted EPS $2.07 vs $1.12; adjusted operating margin 4.5% (up 161 bps).
Farnell segment record revenues $1.8B for fiscal year; Q4 operating margin 14.2% (up 597 bps).
Returned $25M in dividends (+18% per share YoY) and $102M in share repurchases (2.4% shares) in Q4.
Fiscal 2022 sales $24.3B (+24.5%), GAAP EPS $6.94 (record), non-GAAP EPS $6.93.

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