Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that its Board of Directors approved a regular quarterly cash dividend of $0.33 per share. The dividend will be paid on March 19, 2025, to shareholders of record as of the close of business on March 5, 2025. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for an entire century. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com. (AVT_IR) Visit the Avnet Investor Relations website at ir.avnet.com or contac

Avnet (NASDAQ:AVT), a leading global technology solutions provider, today announced it will participate in the upcoming 46th Annual Raymond James Institutional Investors Conference on March 3, 2025. Avnet's Vice President, Treasury & Investor Relations Joe Burke will participate in a fireside chat at 11:35 a.m. ET. The live and archived webcast of the presentation can be accessed via Avnet's Investor Relations web page at https://ir.avnet.com. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for more than a century. Decade after decade, Avnet helps its customers and suppliers around the world realize the transfor

Second quarter sales of $5.7 billion and diluted EPS of $0.99 Adjusted diluted EPS of $0.87 Cash flow from operations of $1.2 billion over the past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended December 28, 2024. "In the second quarter, we delivered sales and earnings within expectations, while continuing to make good progress managing the factors within our control," said Avnet Chief Executive Officer Phil Gallagher. "Our team's focus on optimizing inventory and effective operations allowed us to deliver another strong quarter of operating cash flow. Although market conditions are challenging, the value we add at the center of the tech

Conference call and webcast to follow at 8:00 a.m. PT / 11:00 am ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2025 on January 29, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 8:00 a.m. PT / 11:00 a.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor

Annual survey finds engineers are unsure of where AI will make the most impact – because they see its potential everywhere Engineers are looking at the opportunity for Artificial Intelligence (AI) in product development with cautious optimism as many are still assessing in which areas of their work AI will have the greatest impact. This is according to Avnet's (Nasdaq: AVT) fourth annual Avnet Insights survey, which has been keeping a pulse on how engineers are responding to the market – and looking ahead – since 2021. As engineers begin to feel more optimistic overall – 75% said they think market conditions for their design products are getting better, and half (49%) anticipate that ec

Avnet (NASDAQ:AVT), a global technology solutions company, today announced that the Company will participate in the following investor conferences in December: Raymond James TMT & Consumer Conference – December 9, 2024, New York. Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will participate in a fireside chat at 1:40 pm ET. Nasdaq London Investor Conference – December 11, 2024, London. Avnet's Chief Financial Officer Ken Jacobson and Vice President, Treasury & Investor Relations Joe Burke will participate in a fireside chat at 10:00 am GMT. Live and archived webcasts of both presentations can be accessed via Avnet's Investor Relations web

Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that its Board of Directors approved a regular quarterly cash dividend of $0.33 per share. The dividend will be paid on December 18, 2024, to shareholders of record as of the close of business on December 4, 2024. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for an entire century. We support customers at each stage of a product's lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product d

First quarter sales of $5.6 billion and diluted EPS of $0.66 Adjusted diluted EPS of $0.92 Cash flow from operations of $838 million over past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended September 28, 2024. "In the first quarter, our sales and earnings exceeded the upper end of our guidance range led by a return to growth in our Asia region. We continue to focus on improving the performance of our Farnell business and remain committed to improving its operating model and profitability," said Avnet Chief Executive Officer Phil Gallagher. "Despite uneven market conditions, our team continues to operate effectively, and I want to thank them f

Youngblood joins Avnet's executive leadership team to drive distributor's digital strategy Avnet (NASDAQ:AVT) has hired Dave Youngblood as Chief Digital Officer, effective October 21, 2024. In this newly created role, Mr. Youngblood will lead and further enable Avnet's enterprise-wide digital platform and eCommerce approach. Reporting to Chief Executive Officer, Phil Gallagher, he will also be joining Avnet's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241017614290/en/Dave Youngblood joins Avnet as the Chief Digital Officer. (Photo: Business Wire) Avnet's digital strategy focuses on simplifying tran

Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2025 on October 30, 2024 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor Relations web

BofA Securities downgraded Avnet from Neutral to Underperform

Wells Fargo downgraded Avnet from Equal Weight to Underweight and set a new price target of $35.00 from $45.00 previously

JP Morgan initiated coverage of Avnet with a rating of Underweight and set a new price target of $46.00

Raymond James reiterated coverage of Avnet with a rating of Strong Buy and set a new price target of $57.00 from $52.00 previously

BofA Securities reiterated coverage of Avnet with a rating of Neutral and set a new price target of $43.00 from $49.00 previously

Raymond James reiterated coverage of Avnet with a rating of Strong Buy and set a new price target of $52.00 from $50.00 previously

Loop Capital upgraded Avnet from Hold to Buy and set a new price target of $53.00 from $39.00 previously

Raymond James reiterated coverage of Avnet with a rating of Strong Buy and set a new price target of $50.00 from $47.00 previously

Raymond James reiterated coverage of Avnet with a rating of Outperform and set a new price target of $50.00 from $47.00 previously

Loop Capital reiterated coverage of Avnet with a rating of Hold and set a new price target of $39.00 from $32.00 previously

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The Avnet (NASDAQ:AVT) Board of Directors (BOD) voted to officially appoint Ken A. Jacobson as the Company's Chief Financial Officer (CFO) reporting to Avnet's Chief Executive Officer Phil Gallagher. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220906005185/en/New Avnet Chief Financial Officer Ken A. Jacobson (Photo: Business Wire) Jacobson, age 44, joined Avnet in 2013 as Vice President and Corporate Controller and served as Avnet's interim CFO in 2017-2018. As corporate controller, Jacobson had global leadership responsibility for the finance organizations within each of Avnet's business units, as well as management oversight

Former CFO of Micron and Lam Research Brings Extensive Experience in Operations, Finance and Technology to Velodyne Lidar's Board Velodyne Lidar, Inc. (NASDAQ:VLDR, VLDRW))), today announced that its Board of Directors has appointed Ernest E. Maddock to the Board, effective January 13, 2022. Mr. Maddock has been appointed as a Class III director and a member of the Board's Audit Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220117005549/en/(Photo: Business Wire) Mr. Maddock is an operations, technology and corporate finance executive with over 35 years of leadership experience, including 10 as a public company CFO. F

Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that its Board of Directors approved a regular quarterly cash dividend of $0.33 per share. The dividend will be paid on March 19, 2025, to shareholders of record as of the close of business on March 5, 2025. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for an entire century. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com. (AVT_IR) Visit the Avnet Investor Relations website at ir.avnet.com or contac

Second quarter sales of $5.7 billion and diluted EPS of $0.99 Adjusted diluted EPS of $0.87 Cash flow from operations of $1.2 billion over the past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended December 28, 2024. "In the second quarter, we delivered sales and earnings within expectations, while continuing to make good progress managing the factors within our control," said Avnet Chief Executive Officer Phil Gallagher. "Our team's focus on optimizing inventory and effective operations allowed us to deliver another strong quarter of operating cash flow. Although market conditions are challenging, the value we add at the center of the tech

Conference call and webcast to follow at 8:00 a.m. PT / 11:00 am ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2025 on January 29, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 8:00 a.m. PT / 11:00 a.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor

Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that its Board of Directors approved a regular quarterly cash dividend of $0.33 per share. The dividend will be paid on December 18, 2024, to shareholders of record as of the close of business on December 4, 2024. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for an entire century. We support customers at each stage of a product's lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product d

First quarter sales of $5.6 billion and diluted EPS of $0.66 Adjusted diluted EPS of $0.92 Cash flow from operations of $838 million over past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended September 28, 2024. "In the first quarter, our sales and earnings exceeded the upper end of our guidance range led by a return to growth in our Asia region. We continue to focus on improving the performance of our Farnell business and remain committed to improving its operating model and profitability," said Avnet Chief Executive Officer Phil Gallagher. "Despite uneven market conditions, our team continues to operate effectively, and I want to thank them f

Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2025 on October 30, 2024 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor Relations web

Avnet, Inc. (NASDAQ:AVT), a leading global technology solutions provider, today announced that on August 15, 2024, its Board of Directors approved an increase in Avnet's share repurchase authorization, bringing the total amount available for share repurchases to $600 million. The Board also approved a 6% increase in the regular quarterly cash dividend to $0.33 per share. The dividend will be paid on September 25, 2024, to shareholders of record as of the close of business on September 11, 2024. "The Board's actions underscore our commitment to providing consistent and dependable shareholder returns," said Phil Gallagher, Avnet's Chief Executive Officer. "Since the start of fiscal year 2

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% Avnet, Inc. (NASDAQ:AVT) today announced results for its fourth quarter and fiscal year 2024 ended June 29, 2024. "We are pleased with our fiscal 2024 performance as we executed well, despite some challenging market conditions," said Avnet Chief Executive Officer Phil Gallagher. "I want to thank our team for their focus on supporting our supplier and customer partners, growing market share, controlling costs, and managing working capital to drive operating cash flow. Their efforts enabled us to exceed the upper end of our fourth quarter sales and

Earnings conference call and webcast to follow at 9:00 am PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the fourth quarter and fiscal year 2024 on August 8, 2024 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Avnet's Board has also scheduled the Annual Meeting of Shareholders for Friday, November 22, 2024 at 8:00 a.m. Phoenix, Arizona time. The meeting will be held at Avnet's Corporat

Avnet, Inc. (NASDAQ:AVT), a leading global technology solutions provider, today announced that on May 15, 2024, its Board of Directors approved a regular quarterly cash dividend of $0.31 per share. The dividend will be paid on June 19, 2024, to shareholders of record as of the close of business on June 5, 2024. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for more than a century. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com. (AVT_IR) Visit the Avnet Investor Relations website at ir.

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