secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000008858-22-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet Q1 FY2023 sales up 21% to $6.8B; adj. EPS $2.00 vs $1.22 YoY
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885822000037/0000008858-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885822000037/avt-20221026x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-22-000037

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