{"schema_version":"secwatch.filing_event.v1","accession":"0000008858-24-000017","form_type":"8-K","ticker":"AVT","cik":"0000008858","company_name":"AVNET INC","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.302468+00:00","generated_at":"2026-06-03T03:42:36.266157+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Avnet Q3 FY2024 sales down 13% YoY to $5.7B, EPS $0.97","bullets":["Sales $5.65B, down 13.2% YoY; GAAP diluted EPS $0.97 vs $2.03.","Adjusted diluted EPS $1.10, down 45% YoY; operating margin 3.4% vs 4.8%.","Electronic Components operating margin 4.1% (5.0% prior); Farnell margin 4.0% (9.0% prior).","Cash from operations ~$500M; returned $28M in dividends during quarter.","CEO cites continued soft demand; Q4 outlook expects similar market conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000008858-24-000017","json":"https://secwatch.observer/filing/0000008858-24-000017.json","markdown":"https://secwatch.observer/filing/0000008858-24-000017.md","text":"https://secwatch.observer/filing/0000008858-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8858/000000885824000017/0000008858-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8858/000000885824000017/avt-20240501x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:42:36.266157+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e69f79fccdd41f65ebd11b536e653b4b14e626a7","claim":"AVNET INC reported its third quarter ended March 30, 2024 results: revenue $5.7 billion, EPS $0.97.","evidence_excerpt":"Act of 1933 except as shall be expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- ​ ​ Avnet Reports Third Quarter 2024 Financial Results Third quarter sales of $5.7 billion and diluted EPS of $0.97 Adjusted diluted EPS of $1.10 Electronic Components operating margin of 4.1% PHOENIX – May 1, 2024 – Avnet, Inc. (Nasdaq: AVT ) today announced results","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8858/000000885824000017/0000008858-24-000017-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its third quarter ended March 30, 2024"},{"label":"Revenue","value":"$5.7 billion"},{"label":"EPS","value":"$0.97"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}