secwatch.observer — SEC 8-K summary
======================================

Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000008858-24-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet Q4 sales $5.6B, adjusted EPS $1.22; YoY sales down 15.1%, EPS down 40.8%
------------------------------------------------------------------------------

- Q4 sales $5.56B (-15.1% YoY); GAAP diluted EPS $0.91 (-45.8%); adjusted diluted EPS $1.22 (-40.8%).
- Electronic Components segment operating margin 4.1% (down from 5.1% YoY); Farnell margin 4.0% (down from 8.1%).
- Generated $274M cash from operations; returned $79M in share repurchases and $28M in dividends.
- FY2024 sales $23.8B (-10.2% YoY); GAAP diluted EPS $5.43 (-34.3%); adjusted diluted EPS $5.34 (-33.7%).
- CEO says Q4 sales and earnings exceeded upper end of guidance; cautious optimism for FY2025 recovery.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885824000027/0000008858-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885824000027/avt-20240808x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer