Avnet reports Q4 sales up 2.9% YoY; FY2023 diluted EPS $8.26 record, interest expenses weigh

AVNET INC

2023-FY EPS reported $8.26 revenue$26,536,881,000

FY2023 sales $26.5B (+9.2% YoY); GAAP diluted EPS $8.26 (record), adjusted diluted EPS $8.06.
Q4 sales $6.55B, up 2.9% YoY, above guidance; GAAP EPS $1.68, down from $2.51; adjusted EPS $2.06, flat YoY.
Electronic Components segment Q4 operating margin 5.1% (+77 bps YoY); Farnell margin 8.1% (-614 bps YoY).
Full-year interest expense hit adjusted EPS by $1.24; returned $106M in dividends and $213M in share repurchases.
Asia sales declined 11.9% YoY in Q4; Americas and EMEA grew 7.1% and 18.7% respectively.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVNET INC reported fourth quarter and fiscal year ended July 1, 2023 results: revenue $26.5 billion, EPS $8.26.

Period: fourth quarter and fiscal year ended July 1, 2023
Revenue: $26.5 billion
EPS: $8.26
Result: reported results

Exact text from the filing

Avnet Reports Fourth Quarter and Fiscal 2023 Financial Results Fiscal year 2023 sales of $26.5 billion and record diluted EPS of $8.26

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Source: SEC EDGAR

accession 0000008858-23-000026

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