Last €36.83 EUR
Change Today -0.041 / -0.11%
Volume 0.0
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avnet inc (VNI) Snapshot

Open
€37.11
Previous Close
€36.87
Day High
€37.49
Day Low
€36.83
52 Week High
01/27/15 - €38.54
52 Week Low
10/15/14 - €28.02
Market Cap
5.0B
Average Volume 10 Days
29.1
EPS TTM
--
Shares Outstanding
136.4M
EX-Date
11/28/14
P/E TM
--
Dividend
€0.58
Dividend Yield
1.28%
Current Stock Chart for AVNET INC (VNI)

avnet inc (VNI) Related Businessweek News

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avnet inc (VNI) Details

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific. It operates through two segments, Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors; interconnect, passive, and electromechanical devices; and embedded products for the electronic component manufacturers, as well as offers an array of value-added services that enable customers to evaluate, design-in, and procure electronic components throughout the lifecycle of their technology products and systems. This segment offers its products and services to various customer base serving automotive, communications, computer hardware and peripherals, industrial and manufacturing, medical equipment, and defense and aerospace end-markets. The TS segment distributes enterprise computing servers and systems, software, storage, services, and complex solutions; and provides hard disk drives, microprocessors, motherboards, and DRAM module technologies to manufacturers of general-purpose computers and system builders. It also partners with its customers and suppliers to create and deliver data center and IT lifecycle solutions that solve the business challenges of end-user customers, as well as offers businesses, IT lifecycle, education, cloud, and managed solutions. This segment serves value-added resellers, system integrators, and independent software vendors, as well as original equipment manufacturers (OEMs) for computing technology and non-PC OEMs requiring embedded systems and solutions. The company was founded in 1955 and is headquartered in Phoenix, Arizona.

19,000 Employees
Last Reported Date: 08/8/14
Founded in 1955

avnet inc (VNI) Top Compensated Officers

Chairman of Executive Board, Chief Executive ...
Total Annual Compensation: $900.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $805.0K
Senior Vice President, Member of Executive Bo...
Total Annual Compensation: $418.8K
Senior Vice President and Member of Executive...
Total Annual Compensation: $525.0K
Chief Human Resources & Corporate Communicati...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2014.

avnet inc (VNI) Key Developments

SILICA Appoints Mario Orlandi as its President

SILICA has appointed Mario Orlandi as its new president. Orlandi most recently served on the SILICA executive team as vice president sales for Europe where he has been instrumental in reorganising the sales organisation and further developing SILICA's sales and demand creation strategy. Mario Orlandi has nearly three decades of experience in the technology industry and brings a broad spectrum of sales management and market knowledge to the president's role at SILICA. In his previous role Mario Orlandi was responsible for the strategic direction and leadership of SILICA's 400 strong sales and application engineer team, including the execution of demand creation and design support strategies across Europe. Mario joined SILICA in 2004 from Motorola (now Freescale), where he held the position of European distribution sales director. At Motorola, he started as a field sales engineer and progressed through the ranks to the position of sales director. He began his career with SGS Thomson (now STMicroelectronics) as a quality engineer.

Avnet, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended December 27, 2014; Provides Earnings Outlook for Third Quarter Ending March 28, 2015

Avnet, Inc. announced unaudited consolidated financial results for the second quarter and six months ended December 27, 2014. For the quarter, sales were $7,551,880,000 against $7,421,854,000 for the same period of last year. Operating income was $250,287,000 against $221,572,000 for the same period of last year. Income before income taxes was $220,097,000 against $188,552,000 for the same period of last year. Net income was $163,706,000 against $124,864,000 for the same period of last year. Earnings per diluted share was $1.18 against $0.89 for the same period of last year. For the six months, sales were $14,391,466,000 against $13,767,329,000 for the same period of last year. Operating income was $443,484,000 against $400,559,000 for the same period of last year. Income before income taxes was $388,401,000 against $360,494,000 for the same period of last year. Net income was $291,652,000 against $245,488,000 for the same period of last year. Earnings per diluted share was $2.08 against $1.75 for the same period of last year. Net cash flows provided by operating activities was $224,424,000 against outflow of $154,199,000 for the same period of last year. Purchases of property, plant and equipment was $83,642,000 against $47,024,000 for the same period of last year. The company provided earnings outlook for third quarter ending March 28, 2015. For the quarter, EM sales are expected to be in the range of $4.15 billion to $4.45 billion and TS sales are expected to be in the range of $2.45 billion to $2.75 billion; After adjusting for the changes in foreign currency exchange rates, the midpoint of guidance would represent a 1% sequential decline for EM and a 15% decline for TS. For the March quarter, EM’s normal seasonality is +4% to +7% and TS’s normal seasonality is -20% to -16%. This guidance for EM reflects sequential growth in western regions and a sequential decline in the Asia region due to an expected decline in the select high volume supply chain engagements Avnet sales are expected to be in the range of $6.6 billion to $7.2 billion. Adjusted diluted earnings per share is expected to be in the range of $1.04 to $1.14 per share. The guidance assumes 138.5 million average diluted shares outstanding and a tax rate of 27% to 31%.

Avnet Inc. Signs New Leases for Space in the Five-Building Baker Technology Plaza Business Park in Minnetonka

Avnet Inc. and Health E(fx) have each signed new leases for space in the five-building Baker Technology Plaza business park in Minnetonka, broker Cushman & Wakefield/NorthMarq. The company will lease 15,000 square feet and will occupy in the first quarter of this year. The lease is a relocation from the company’s current space in Bloomington. Health E(fx) will expand its Minneapolis headquarters to the park, where it now leases 3,900 square feet. The company occupied the space in December.

 

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Industry Analysis

VNI

Industry Average

Valuation VNI Industry Range
Price/Earnings 9.9x
Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 9.6x
TEV/Sales 0.1x
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