secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0000008858-23-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000026/0000008858-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000026/avt-20230816x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-23-000026

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