secwatch.observer — SEC 8-K summary
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Issuer:     AVIAT NETWORKS, INC. (AVNW)
CIK:        0001377789
Form:       8-K/A
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001377789-24-000010
Event type: m_and_a
Sentiment:  negative
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aviat Networks closes NEC wireless backhaul buy; pro forma EPS falls ~50% annually
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- Acquisition consideration: $42.1M cash + $23.4M in Aviat stock; closed Nov. 30, 2023.
- NEC wireless transport business had ¥8,499M ($58.8M) net assets acquired as of Mar. 31, 2023.
- Pro forma FY2023 revenue $535.2M; net income $6.1M vs Aviat standalone $11.5M.
- Pro forma diluted EPS $0.48 vs Aviat standalone $0.97; Q1 FY2024 EPS $0.13 vs $0.34.
- Business generated ¥25,552M ($188.6M) revenue but net loss of ¥63M ($0.5M) in FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000010/0001377789-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000010/avnw-20240209.htm
  HTML page:      https://secwatch.observer/filing/0001377789-24-000010

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