Avnet – Avnet Reports Fourth Quarter and Fiscal 2024 Financial Results

August 8, 2024
Avnet

  • Fourth quarter sales of $5.6 billion and diluted EPS of $0.91
  • Adjusted diluted EPS of $1.22
  • Electronic Components operating margin of 4.1%

 

 

PHOENIX–(BUSINESS WIRE)– Avnet, Inc. (Nasdaq: AVT ) today announced results for its fourth quarter and fiscal year 2024 ended June 29, 2024.

 

Fiscal Fourth Quarter Key Financial Highlights:

  • Sales of $5.6 billion, compared with $6.6 billion in the prior year quarter.
  • Diluted earnings per share of $0.91, compared with $1.68 in the prior year quarter.
    • Adjusted diluted earnings per share of $1.22, compared with $2.06 in the prior year quarter.
  • …