Highest-materiality recent filing
Avnet prices $550M 5.650% Notes due 2031 to repay credit facility and AR securitization
Priced $550M aggregate principal of 5.650% Notes due 2031 on Aug 19, 2026; closing expected Aug 24, 2026.
Avnet reports record Q4 sales of $8.3B, up 48% YoY; adjusted EPS $2.28, up 182%
Record Q4 sales $8.3B (+48% YoY, +17% QoQ); GAAP EPS $1.49 vs $0.07; adjusted EPS $2.28 (+182% YoY).
Avnet increases receivables purchase facility to $700M and extends to 2028
Maximum purchase limit raised from $500M to $700M under Amendment No. 9.
Avnet Q3 sales $7.1B (+34% YoY); adjusted EPS $1.48 beats, up 76% YoY
Sales of $7,119.8M, up 34% YoY and 13% sequentially; record EC sales and double-digit growth in all regions.
Avnet Q2 FY2026 sales $6.32B (+11.6% YoY); adj. EPS $1.05, beat guidance
Sales $6.32B, up 11.6% YoY and 7.1% QoQ, above high end of guidance.
All ten director nominees elected with >71M votes each; broker non-votes of ~3.2M.
Avnet Q1 FY2026 sales $5.9B, adj EPS $0.84; Americas returns to YoY growth
Sales $5.90B (+5.3% YoY); diluted GAAP EPS $0.61, adjusted EPS $0.84; both exceeded expectations.
Avnet dismisses KPMG as auditor, appoints PwC effective Sept 30, 2025
Audit committee approved dismissal of KPMG and appointment of PricewaterhouseCoopers as new independent auditor.
Avnet issues $650M of 1.75% convertible notes due 2030; repurchases $100M in stock
Issued $650M aggregate principal of 1.75% Convertible Senior Notes due 2030, including full exercise of initial purchasers' option for additional $100M.
Avnet temporarily raises max leverage ratio to 5.00x through March 2026
Max consolidated leverage ratio increased from 4.00x to 5.00x for fiscal quarters ending Sep 2025 through Mar 2026.
Avnet Q4 GAAP EPS $0.07, adjusted EPS $0.81; sales flat at $5.6B
GAAP diluted EPS of $0.07 vs $0.91 YoY; adjusted diluted EPS $0.81 vs $1.22.
Avnet Europe borrows $150M and €100M in term loans under new credit agreement
Avnet Europe entered $150M USD and €100M EUR term loan facilities on July 1, 2025.
Avnet Q3 sales $5.3B, GAAP EPS $1.01, adjusted EPS $0.84; Asia grows 13% YoY
Sales of $5.3B, down 6.0% YoY; GAAP diluted EPS $1.01 vs $0.97 YoY (up 4.1%).
Avnet Q2 FY2025 sales fall 8.7% to $5.7B; GAAP EPS $0.99 vs $1.28 YoY
Sales $5.66B (-8.7% YoY); GAAP diluted EPS $0.99 (-22.7%); adjusted EPS $0.87 (-37.9%).
Avnet enters $1.5B credit facility maturing 2030, replacing 2022 agreement
New $1.5B senior unsecured revolving facility matures Jan 17, 2030; option to increase by $250M.
Avnet reduces receivables facility from $700M to $500M, extends to Dec 2026
Maximum purchase limit decreased from $700M to $500M; termination date extended to December 6, 2026.
Avnet shareholders elect directors, approve say-on-pay, ratify auditor
All 10 director nominees elected; highest vote count 79.2M for Gallagher, lowest 74.9M for Adkins.
Avnet Q1 FY2025 revenue down 11.6% to $5.6B; EPS $0.66 vs $2.25; Asia grows 6.2%
Sales $5,604M, down 11.6% YoY; diluted EPS $0.66 (down 70.7% YoY) — both above guidance range.
Avnet elects Virginia Henkels and Helmut Gassel to board; both join Audit Committee
Henkels, former CFO of Swift Transportation and Honeywell exec, brings finance and accounting expertise.
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%).
Avnet Q3 FY2024 sales down 13% YoY to $5.7B, EPS $0.97
Sales $5.65B, down 13.2% YoY; GAAP diluted EPS $0.97 vs $2.03.
Avnet Q2 FY2024 sales $6.2B (-7.6% YoY), adj. EPS $1.40 (-30%)
Sales $6.2B, down 7.6% YoY; GAAP diluted EPS $1.28 (down 51%).
Avnet annual meeting: all 10 directors elected, say-on-pay approved, KPMG ratified
All ten board nominees elected; votes for ranged from 74.0M to 80.6M; no nominee received less than 73.9M for.
Avnet Q1 sales $6.3B (-6.1% YoY); adjusted EPS $1.61, above guidance, but down 19.5% YoY
GAAP diluted EPS $2.25 vs $1.93 prior year; includes $0.71 legal settlement gain.
Avnet reports Q4 sales up 2.9% YoY; FY2023 diluted EPS $8.26 record, interest expenses weigh
FY2023 sales $26.5B (+9.2% YoY); GAAP diluted EPS $8.26 (record), adjusted diluted EPS $8.06.
Avnet amends bylaws for virtual meetings, universal proxy rules, and compensation recoupment
Board adopted bylaw amendments effective May 22, 2023, to align with SEC universal proxy rules and NYBCL changes.
Avnet Q3 FY23: Sales $6.5B, diluted EPS $2.03 beat guidance; EC margin hits 5%
Sales $6.51B (+0.4% YoY; constant currency +3.4%); diluted EPS $2.03 vs $1.84 (+10.3%).
Avnet prices $500M offering of 6.250% Notes due 2028; proceeds to repay credit facilities
Avnet priced $500M in aggregate principal of 6.250% Notes due 2028 under a registered S-3 shelf offering.
Avnet Q2 FY2023 sales $6.7B +14.5% YoY; diluted EPS $2.63 vs $1.50
GAAP diluted EPS $2.63 (+75% YoY); adjusted diluted EPS $2.00 (+32.5% YoY).
Avnet increases receivables purchase facility limit from $450M to $650M, extends to Dec 2024
Maximum purchase limit increased from $450 million to $650 million.
All 10 director nominees elected; votes for ranged from ~76.3M (Adkins) to ~82.2M (Bozotti, Gallagher, Khaykin, Maddock).
Avnet Q1 FY2023 sales up 21% to $6.8B; adj. EPS $2.00 vs $1.22 YoY
GAAP diluted EPS $1.93, up 75.5% YoY from $1.10; adjusted EPS $2.00, up 63.9%.
Avnet appoints Kenneth A. Jacobson as CFO effective September 6, 2022
Jacobson, age 44, previously Corporate Controller and served as interim CFO in 2017-2018.
Avnet Q4 sales $6.4B (+22% YoY), GAAP EPS $2.51, adjusted EPS $2.07; record fiscal year EPS $6.94
Q4 sales $6.4B, up 21.9% YoY (28.2% constant currency); GAAP diluted EPS $2.51 vs $0.85.
Avnet enters $1.25B senior unsecured revolving credit facility maturing 2027
Five-year $1.25B revolving credit facility, with option to increase by $250M, matures Aug 2, 2027.
Avnet CFO Thomas Liguori to step down; Kenneth Jacobson named successor effective Sept 6
Thomas Liguori will transition from CFO on Sept 6, 2022, and serve as senior advisor through March 2023.
Avnet prices $300M of 5.500% notes due 2032; proceeds to redeem $350M 4.875% notes due Dec 2022
$300M aggregate principal of 5.500% Notes due 2032 priced May 12, 2022.
Avnet Q3 FY2022 sales $6.5B (+32% YoY); adj. EPS $2.15 vs $0.74 YoY
Sales $6,488M, up 32% YoY and 11% sequentially; constant-currency growth 35.7% YoY.
Avnet Q2 fiscal 2022 sales $5.9B, up 25.6% YoY; adjusted EPS $1.51 vs $0.48
Sales $5.87B, up 25.6% YoY; GAAP diluted EPS $1.50 (vs $0.19); adjusted EPS $1.51 (vs $0.48).
Avnet shareholders approve 2021 Stock Compensation Plan authorizing 2.5M shares
Shareholders approved 2021 Stock Compensation and Incentive Plan, authorizing 2,500,000 shares of common stock for future awards.
Avnet reports Q1 FY2022 sales $5.6B (+18.2% YoY), adj. EPS $1.22, EC and Farnell margins rise
Sales $5.6B, up 18.2% YoY; organic sales up 33.7% YoY adjusting for TI sales and extra week.
Avnet loses Maxim distribution relationship; Maxim was 3% of FY2021 sales
Maxim notified Avnet it will end distribution relationship after Analog Devices acquisition.
Avnet appoints Ernest Maddock to board of directors effective August 25, 2021
Maddock will serve on Audit and Finance Committees.
Avnet extends receivables securitization to Aug 2023, cuts borrowing spread by 30 bps
Extended term of trade receivables securitization program to August 31, 2023 from prior expiry of August 31, 2021.
Avnet reports record Q4 sales $5.2B, EPS $0.85 GAAP, $1.12 adjusted; up 75% YoY
Q4 sales $5,226.7M, up 25.7% YoY; record for Electronic Components and Farnell segments.
Avnet extends trade receivables securitization program to August 31, 2021
Entered Amendment No. 3 to extend the securitization program's expiration from July 30, 2021 to August 31, 2021.
Avnet preliminary Q4 FY2021: Sales $5.2B, adj. EPS $1.01-$1.05 above guidance
Sales of $5.2B, above prior guidance of $4.7B-$5.1B; up 25.7% YoY and 6.3% QoQ.
Effective on August 15, 2024, the Board of Directors of Avnet, Inc. (the “Company”) elected Virginia L. Henkels and Helmut Gassel to serve as directors of the Company.
Effective on August 15, 2024, the Board of Directors of Avnet, Inc. (the “Company”) elected Virginia L. Henkels and Helmut Gassel to serve as directors of the Company.
On September 6, 2022, Avnet, Inc. announced that the Avnet Board of Directors appointed Kenneth A. Jacobson to serve as Chief Financial Officer (principal financial officer), effective September 6, 2022.
Thomas Liguori, who has served as CFO since January 2018, will transition from the CFO role on September 6, 2022.
Kenneth Jacobson will become Avnet’s new CFO on September 6, 2022.
Effective on August 25, 2021, the Board of Directors of Avnet, Inc. (the “Company”) elected Ernest E. Maddock to serve as a director of the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings