Avnet Q2 FY2023 sales $6.7B +14.5% YoY; diluted EPS $2.63 vs $1.50

AVNET INC

2023-Q2 EPS reported $4.55 revenue$13,467,654,000

GAAP diluted EPS $2.63 (+75% YoY); adjusted diluted EPS $2.00 (+32.5% YoY).
Operating income margin 4.5%, up 84 bps; Electronic Components margin up 122 bps to 4.7%.
Farnell sales fell 7.5% YoY; operating margin dropped 461 bps to 9.0%.
Returned $90M to shareholders: $64M in share repurchases (1.8% of outstanding) and $26M dividends.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AVNET INC reported second quarter ended December 31, 2022 results: revenue $6,717.5 million, EPS $2.63.

Period: second quarter ended December 31, 2022
Revenue: $6,717.5 million
EPS: $2.63
Result: reported results

Exact text from the filing

Avnet Reports Second Quarter Fiscal 2023 Financial Results Second quarter sales of $6.7 billion up 14.5% year over year Operating income of $299 million grew nearly three times faster than sales PHOENIX – February 1, 2023 – Avnet, Inc. (Nasdaq: AVT ) today announced results for its second quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0000008858-23-000009

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