secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000008858-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885824000005/0000008858-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885824000005/avt-20240131x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-24-000005

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