AVNET INC — fact timeline

AVNET INC reported third quarter ended March 28, 2026 results: revenue $7,119.8, EPS $1.14.

“except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Third Quarter Results (GAAP) ​ ​ ​ March – 26 ​ ​ March – 25 ​ ​ Change Y/Y ​ ​ Dec – 25 ​ ​ Change Q/Q ​ Sales ​ $ 7,119.8 ​ ​ $ 5,315.4 ​ ​ 34.0 % ​ $ 6,319.0 ​ ​ 12.7 % ​ Operating Income ​ $ 205.5 ​ ​ $ 143.3 ​ ​ 43.5 % ​ $ 146.2 ​ ​ 40.6 % ​ Operating Income Margin ​ ​ 2.9 % ​ ​ 2.7 % ​ 19 bps ​ ​”

AVNET INC dismissed KPMG LLP as its auditor.

“This decision resulted in the effective dismissal of KPMG LLP as the Company’s independent registered public accounting firm.”

AVNET INC incurred convertible notes of $650.0 million with Initial Purchasers at 1.75% per year maturing September 1, 2030.

“On September 5, 2025, Avnet, Inc. (“Avnet” or the “Company”) issued and sold $650.0 million aggregate principal amount of its 1.75% Convertible Senior Notes due 2030 (the “Notes”)”

AVNET INC incurred term loan of $150,000,000 in U.S. Dollar denominated term loans and an aggregate principal amount of €100,000,000 in Euro denominated with Bank of America, N.A., as the administrative agent at (a) the 'base rate' ... plus an 'applicable rate', (b) the SOFR daily floating r.

“On July 1, 2025 (the “Closing Date”), Avnet Holding Europe BV (“Avnet Europe”), as borrower, and Avnet, Inc. (“Avnet”), as guarantor, entered into a Credit Agreement (the “Credit Agreement”) with the lenders party thereto and Bank of America, N.A., as the administrative agent. On the Closing Date, Avnet Europe borrowed an aggregate principal amount of $150,000,000 in U.S. Dollar denominated term loans and an aggregate principal amount of €100,000,000 in Euro denominated term loans.”

Helmut Gassel was elected as Director at AVNET INC.

“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.”

Virginia L. Henkels was elected as Director at AVNET INC.

“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.”

AVNET INC reported its third quarter ended March 30, 2024 results: revenue $5.7 billion, EPS $0.97.

“Act of 1933 except as shall be expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- ​ ​ Avnet Reports Third Quarter 2024 Financial Results Third quarter sales of $5.7 billion and diluted EPS of $0.97 Adjusted diluted EPS of $1.10 Electronic Components operating margin of 4.1% PHOENIX – May 1, 2024 – Avnet, Inc. (Nasdaq: AVT ) today announced results”