Phoenix-based global technology solutions provider Avnet, Inc. (Nasdaq: AVT) announced last week that its board of directors approved a regular quarterly cash dividend of $0.26 per share. The dividend will be paid on March 16 to shareholders of record as of the close of business on March 2. Avnet last month reported 2022 fiscal second-quarter […]
Category: Avnet
Avnet 2Q Sales Up 25.6%
Phoenix-based Avnet, Inc. (Nasdaq: AVT) reported 2022 fiscal second-quarter sales of $5.9 billion, a 25.6% increase over the same period in 2021. Sales for fiscal 2Q last year were $4.7 billion. The electronic components distributor’s most recent fiscal quarter ended Jan. 1. In fiscal 2022 2Q, Farnell operating margins increased 276 basis points sequentially to […]
Avnet Fiscal 2Q Sales Up
Phoenix-based Avnet, Inc. (Nasdaq: AVT) reported 2022 fiscal second-quarter sales of $5.9 billion, a 25.6% increase over the same period in 2021. Sales for fiscal 2Q last year were $4.7 billion. The electronic components distributor’s most recent fiscal quarter ended Jan. 1. In fiscal 2022 2Q, Farnell operating margins increased 276 basis points sequentially to […]
Inventory Balance and Supply Chain Insight Elevate as Strategic Assets
When the pandemic began almost two years ago, the distribution industry struggled – like every other sector – to adjust overnight. Companies pivoted to adapt to COVID-related shutdowns while rapidly managing inventory to meet then-uncertain demand, says Peggy Carrieres, vice president of global sales enablement and supplier development for global electronic components distributor Avnet, in […]
Need Good Help! Talent Stress Emerges as Top 2022 Challenge for Distributors
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Avnet Names New Group Leader
Avnet Inc. (Nasdaq: AVT) of Phoenix has named Dayna Badhorn its regional president for Americas electronics components. The move is effective immediately. Badhorn will oversee activities tied to Avnet’s electronics components business in the Americas and manage operations teams supporting business in the region. Badhorn, a 23-year veteran at Avnet, most recently worked as global […]
Avnet 1Q Sales Grow
Avnet Inc. (Nasdaq: AVT) of Phoenix reported 2022 fiscal first-quarter sales of $5.6 billion, topping the previous quarter by about $400 million. The first-quarter sales were an 18.2% increase over the fiscal first quarter in 2021. Avnet ranks No. 2 on MDM’s Top Distributors list for electronics distributors, with $17.6 billion in 2020 revenue. “Building […]
Avnet Names Ernest Maddock to Board of Directors
Avnet (NASDAQ: AVT), Phoenix, has appointed Ernest Maddock to the company’s board of directors, effective immediately. Maddock will serve on the board’s audit and finance committees. Maddock retired from Micron Technology in 2018, having held the position of CFO and adviser. He previously served as CFO at Riverbed Technology (2013-2015) and LAM Research Corp. (2008-2013). […]
