Avnet, Inc. Provides Earnings Guidance for the Third Quarter Ending March 30, 2024
January 31, 2024 at 08:00 am EST
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Avnet, Inc. provided earnings guidance for the third quarter ending March 30, 2024. For the quarter, the company expects Sales to be $5.55 billion to $5.85 billion and diluted EPS of $1.05 to $1.15. GAAP diluted earnings per share guidance to be $0.85 to $1.05.
Avnet, Inc. is a global electronic component technology distributor and solutions provider. The Company markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. Its primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from industrial to automotive to defense and aerospace. EC offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, new product introduction, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, primarily through an e-commerce channel.
AVNET, INC. 
