secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000008858-23-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet Q3 FY23: Sales $6.5B, diluted EPS $2.03 beat guidance; EC margin hits 5%
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- Sales $6.51B (+0.4% YoY; constant currency +3.4%); diluted EPS $2.03 vs $1.84 (+10.3%).
- Adjusted EPS $2.00, down 7% YoY from $2.15; higher interest & FX impacted by $0.46.
- Electronic Components operating margin 5.0% (record, +64 bps YoY); Farnell margin 9.0% (flat sequentially, down from 14.9% YoY).
- Regional sales: Americas +5.4%, EMEA +9.5%, Asia -10.1% YoY.
- Generated $18.3M operating cash flow; returned $26.5M in dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000018/0000008858-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000018/avt-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-23-000018

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