secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000008858-23-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet Q1 sales $6.3B (-6.1% YoY); adjusted EPS $1.61, above guidance, but down 19.5% YoY
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- GAAP diluted EPS $2.25 vs $1.93 prior year; includes $0.71 legal settlement gain.
- Sales of $6.3B down 6.1% YoY; constant currency sales down 7.8% YoY and 2.9% sequentially.
- Electronic Components operating margin 4.6% (+38 bps YoY); Farnell margin 4.2% (-389 bps QoQ).
- Adjusted EPS $1.61 exceeded company guidance; management cited strong EC performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000036/0000008858-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885823000036/avt-20231101x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-23-000036

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