Avnet Inc

NASDAQGS:AVT

United States / Information Technology / Electronic Equipment, Instruments & Components

Overview

Dividends

5Y Historical Financials

Stock Price

47.19 USD


Key Metrics	Latest
Total Revenue	22.484 B
Adjusted EBITDA	816.7 M
EBITDA Margin	3.6%
Net Profit Margin	1.6%
Total Assets	11.943 B
Total Debt	2.789 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Jun-20	Jul-21	Jul-22	Jul-23	Jun-24	12 Months	Dec-23	Dec-24

Revenue	17,634.33	19,534.68	24,310.71	26,536.88	23,757.13	22,484.10	12,540.56	11,267.54
% Growth		0.11	0.24	0.09	(0.10)			(0.10)

Adjusted EBITDA	414.93	510.59	1,089.87	1,275.12	998.78	816.72	552.61	370.55
% Margin	0.02	0.03	0.04	0.05	0.04	0.04	0.04	0.03

Adjusted EBIT	232.69	378.67	987.55	1,186.51	912.07	735.82	509.88	333.63
% Margin	0.01	0.02	0.04	0.04	0.04	0.03	0.04	0.03

Adjusted Net Income	136.13	266.81	715.71	756.30	473.59	369.82	272.28	168.52
% Margin	0.01	0.01	0.03	0.03	0.02	0.02	0.02	0.01

Adjusted Basic EPS	1.35	2.69	7.25	8.22	5.23	4.24	3.00	1.93

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Jun-20	Jul-21	Jul-22	Jul-23	Jun-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	17,634	19,535	24,311	26,537	23,757	22,484	12,541	11,268
% Growth	NA	10.8%	24.4%	9.2%	-10.5%			-10.2%

Cost of Revenue	(15,571)	(17,294)	(21,345)	(23,355)	(20,991)	(19,969)	(11,086)	(10,064)
Gross Profit	2,063	2,241	2,965	3,182	2,766	2,516	1,454	1,203
% Revenue	11.7%	11.5%	12.2%	12.0%	11.6%	11.2%	11.6%	10.7%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(1,831)	(1,862)	(1,978)	(1,985)	(1,854)	(1,780)	(944)	(870)
Other Inc / (Exp)	(240)	(116)	(54)	37	3	(103)	64	(42)
Total Operating Exp	(2,070)	(1,978)	(2,032)	(1,948)	(1,851)	(1,883)	(880)	(912)

Operating Income	(7)	262	934	1,234	915	633	574	292
% Revenue	0.0%	1.3%	3.8%	4.6%	3.9%	2.8%	4.6%	2.6%

Interest Expense	(123)	(89)	(100)	(251)	(283)	(265)	(145)	(127)
Pre-tax Income	(130)	173	833	983	632	368	429	165
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	99	20	(141)	(212)	(134)	(51)	(102)	(19)
Net Income to Company	(31)	193	692	771	499	318	327	146
% Margin	-0.2%	1.0%	2.8%	2.9%	2.1%	1.4%	2.6%	1.3%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	(31)	193	692	771	499	318	327	146

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	(31)	193	692	771	499	318	327	146
% Margin	-0.2%	1.0%	2.8%	2.9%	2.1%	1.4%	2.6%	1.3%

As Reported
Basic EPS (Continuing Ops)	(0.31)	1.95	7.02	8.37	5.51	3.58	3.60	1.67
Diluted EPS (Continuing Ops)	(0.31)	1.93	6.94	8.26	5.43	3.54	3.54	1.65

WA Basic Shares Out.	100.47	99.26	98.66	92.04	90.57	87.16	90.87	87.47
WA Diluted Shares Out.	100.47	100.17	99.82	93.37	91.84	88.21	92.49	88.86

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(130)	173	833	983	632	368	429	165
Addback: Net Interest Expense	123	89	100	251	283	265	145	127
Addback: Other Non Operating Expenses, Total	14	17	22	(28)	31	32	10	12
Addback: Depreciation & Amortization	182	132	102	89	87	81	43	37
Addback: Restructuring Charges	82	84	5	17	39	53	12	25
Addback: Merger / Acquisition Expenses	0	0	0	0	13	18	0	5
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	15	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0
Addback: Asset Writedown	144	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	(37)	(86)	0	(86)	0
Addback: Other Unusual Items	0	0	26	0	0	0	0	0
Adjusted EBITDA	415	511	1,090	1,275	999	817	553	371
% Margin	2.4%	2.6%	4.5%	4.8%	4.2%	3.6%	4.4%	3.3%

Adjusted EBIT	233	379	988	1,187	912	736	510	334
% Margin	1.3%	1.9%	4.1%	4.5%	3.8%	3.3%	4.1%	3.0%

Adjusted Net Income Reconciliation
Net Income to Company	(31)	193	692	771	499	318	327	146
Addback: Unusual Items	226	100	32	(20)	(34)	70	(74)	30
Less: Tax Benefit of Unusual Items (26%)	(59)	(26)	(8)	5	9	(18)	19	(8)
Adjusted Net Income	136	267	716	756	474	370	272	169
% Margin	0.8%	1.4%	2.9%	2.8%	2.0%	1.6%	2.2%	1.5%

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Avnet Inc

NASDAQGS:AVT

United States / Information Technology / Electronic Equipment, Instruments & Components

5Y Historical Financials