Avnet Inc Q1 FY2024 Earnings Call

Avnet Inc (AVT)

Earnings Call FY2024 Q1 Call date: 2023-11-01 Concluded

Quarter scorecard

Revenue

$6.34B

-6.1% YoY

Diluted EPS

$2.25

+16.6% YoY

Gross margin

11.8%

+0.4 pp YoY

Net income

$209.27M

+13.6% YoY

Electronic Components $5.91B

-6.5%

Premier Farnell $421.24M

-1.1%

Buybacks

$24.32M

Shares repurchased

600,000

Dividend / share

$0.31

ex Dec 5