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Last $43.81 USD
Change Today -0.26 / -0.59%
Volume 805.5K
AVT On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

avnet inc (AVT) Key Developments

Avnet, Inc. Declares Regular Quarterly Dividend, Payable on June 15, 2015

Avnet, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be paid on June 15, 2015, to shareholders of record as of the close of business on June 2, 2015.

Avnet, Inc. Presents at 2015 GTDC Investor Conference, May-07-2015

Avnet, Inc. Presents at 2015 GTDC Investor Conference, May-07-2015. Venue: New York Stock Exchange, 11 Wall Street, New York, NY 10005, United States. Presentation Date & Speakers: May-07-2015, Richard P. Hamada, Chairman of Executive Board, Chief Executive Officer, Chairman of Global Executive Council and Director.

Avnet, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 28, 2015; Provides Earnings Guidance for the Fourth Quarter Ending June 27, 2015

Avnet, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 28, 2015. For the quarter, the company reported sales of $6,736,860,000 against $6,683,616,000 for the same period in the last year. Operating income was $203,712,000 against $184,843,000 for the same period in the last year. Income before income taxes was $170,896,000 against $164,993,000 for the same period in the last year. Net income was $121,529,000 or $0.88 per diluted share against $113,851,000 or $0.81 per diluted share for the same period in the last year. Adjusted operating income was $230.4 million against $223.8 million for the same period in the last year. Adjusted net income was $143.5 million or $1.04 per diluted share against $144.1 million or $1.03 per diluted share for the same period in the last year. Cash generated from operations was $60.1 million in the third of quarter fiscal 2015 and $318.1 million for the trailing twelve months. Adjusted diluted earnings per share increased 1.0% year over year, primarily due to the growth in operating income at both operating groups and was negatively impacted by approximately $0.11 due to the translation impact of changes in foreign currency exchange rates. Net debt was approximately $1.3 billion for the quarter ended March 2015. For the nine months, the company reported sales of $21,128,326,000 against $20,450,945,000 for the same period in the last year. Operating income was $647,196,000 against $585,402,000 for the same period in the last year. Income before income taxes was $559,297,000 against $525,487,000 for the same period in the last year. Net income was $413,180,000 or $2.97 per diluted share against $359,339,000 or $2.57 per diluted share for the same period in the last year. Net cash flows provided by operating activities were $284,552,000 against $203,905,000 for the same period in the last year. Purchases of property, plant and equipment were $133,422,000 against $81,232,000 for the same period in the last year. The company provided earnings guidance for the fourth quarter ending June 27, 2015. For the period, the company expects sales to be in the range of $6.6 billion and $7.2 billion and adjusted diluted earnings per share to be in the range of $1.02 to $1.12 per share. The guidance assumes 138 million average diluted shares outstanding and a tax rate of 27% to 31%. The above guidance excludes the amortization of intangibles and any potential restructuring, integration and other expenses. In addition, the above guidance assumes that the average U.S. Dollar to Euro currency exchange rate for the fourth quarter of fiscal 2015 is $1.08 to 1.00. This compares with an average exchange rate of $1.37 to 1.00 in the fourth quarter of fiscal 2014 and $1.13 to 1.00 in the third quarter of fiscal 2015.

Avnet, Inc. to Report Q3, 2015 Results on Apr 23, 2015

Avnet, Inc. announced that they will report Q3, 2015 results at 8:00 AM, US Eastern Standard Time on Apr 23, 2015

Avnet, Inc., Q3 2015 Earnings Call, Apr 23, 2015

Avnet, Inc., Q3 2015 Earnings Call, Apr 23, 2015

 

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AVT

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Valuation AVT Industry Range
Price/Earnings 10.3x
Price/Sales 0.2x
Price/Book 1.3x
Price/Cash Flow 10.0x
TEV/Sales 0.1x
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