secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000008858-24-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet Q1 FY2025 revenue down 11.6% to $5.6B; EPS $0.66 vs $2.25; Asia grows 6.2%
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- Sales $5,604M, down 11.6% YoY; diluted EPS $0.66 (down 70.7% YoY) — both above guidance range.
- Adjusted diluted EPS $0.92 (down 42.9%); adjusted operating margin 3.0% vs 4.1% prior year.
- Electronic Components operating margin 3.8% (down 86bps); Farnell margin collapsed to 0.5% from 4.2% YoY.
- Asia sales up 6.2% YoY; Americas -15.5%, EMEA -27.7%; management cites market recovery in Asia.
- Generated $106M ops cash flow; returned ~$129M to shareholders ($100M buybacks, $29M dividends).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000000885824000039/0000008858-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000000885824000039/avt-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0000008858-24-000039

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