secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000008858-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000009/0000008858-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000009/avt-20230201x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer