earnings
confidence high
sentiment positive
materiality 0.75
Avnet Q1 FY2023 sales up 21% to $6.8B; adj. EPS $2.00 vs $1.22 YoY
AVNET INC
2023-Q1 EPS reported
$1.93
revenue$6,750,133,000
- GAAP diluted EPS $1.93, up 75.5% YoY from $1.10; adjusted EPS $2.00, up 63.9%.
- Operating income $291M (4.3% margin), up 72.7% YoY; adjusted margin 4.4%.
- Electronic Components sales $6.32B (+23.3% YoY); Farnell sales $426M (-6.4% YoY).
- Returned $148M in share repurchases (3.6% of shares) and $27M in dividends in Q1.
- Americas sales +33.4%, EMEA +21.9%, Asia +14.1% YoY; constant-currency growth 28.9%.