secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0001104659-21-093966
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avnet preliminary Q4 FY2021: Sales $5.2B, adj. EPS $1.01-$1.05 above guidance
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- Sales of $5.2B, above prior guidance of $4.7B-$5.1B; up 25.7% YoY and 6.3% QoQ.
- GAAP diluted EPS expected $0.72-$0.78; adjusted diluted EPS expected $1.01-$1.05, exceeding guidance of $0.71-$0.77.
- Adjusted operating margin 2.9% (up 188 bps YoY); Electronic Components margin 3.1%, Farnell margin 8.3%.
- Strong sales growth in EMEA, Asia, and Farnell; operating improvement in the Americas noted by CEO Phil Gallagher.
- Company plans to report full Q4 and FY2021 results on August 11, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000110465921093966/0001104659-21-093966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000110465921093966/tm2122663d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-093966

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