Avnet Q2 FY2024 sales $6.2B (-7.6% YoY), adj. EPS $1.40 (-30%)

AVNET INC

2024-Q2 EPS reported $3.54 revenue$12,540,562,000

Sales $6.2B, down 7.6% YoY; GAAP diluted EPS $1.28 (down 51%).
Adjusted diluted EPS $1.40 (down 30% YoY); adjusted operating margin 3.9%.
Electronic Components op margin 4.3%; Farnell margin 4.0% (down from 9.0%).
Returned $86.8M to shareholders: $59M buybacks, $27.8M dividends.
Asia sales -10% YoY; Americas -5.5%; EMEA -6.3%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AVNET INC reported second quarter ended December 30, 2023 results: revenue $6.2 billion, EPS $1.28.

Period: second quarter ended December 30, 2023
Revenue: $6.2 billion
EPS: $1.28
Result: reported results

Exact text from the filing

Act of 1933 except as shall be expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- Avnet Reports Second Quarter 2024 Financial Results Second quarter sales of $6.2 billion and diluted EPS of $1.28 Adjusted diluted EPS of $1.40 Electronic Components operating margin of 4.3% PHOENIX – January 31, 2024 – Avnet, Inc. (Nasdaq: AVT ) today announced

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Source: SEC EDGAR

accession 0000008858-24-000005

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