Avnet (AVT) reported third-quarter fiscal 2025 earnings of 84 cents per share, beating the Zacks Consensus Estimate by 16.7%. The bottom line, however, declined 23.6% on a year-over-year basis.Net sales were $5.32 billion, which surpassed the Zacks Consensus Estimate by 0.46%. The figure, however, decreased 6% from the year-ago quarter.The company experienced declining sales across all its segments, reflecting broader market pressure. The margins were also pressured due to margin contraction across both the ...

Financial Data and Key Metrics Changes - The company achieved sales of $5.3 billion for Q3 FY2025, which is down 6% year-over-year and sequentially, but near the high end of guidance [4][14] - Adjusted EPS was $0.84, exceeding guidance, and cash flow from operations was $141 million for the quarter [4][20] - Gross margin for the quarter was 11.1%, down 78 basis points year-over-year but up 54 basis points sequentially [15] Business Line Data and Key Metrics Changes - Electronic Components sales declined 6% year-over-year and 7% sequentially, while Farnell sales decreased 10% year-over-year but increased 6% sequentially [14][15] - Farnell's operating margin improved to 3%, up approximately 200 basis points quarter-over-quarter, reflecting better sales and gross margin [19] Market Data and Key Metrics Changes - Sales in Asia increased 13% year-over-year, marking the third consecutive quarter of growth, while EMEA sales declined 24% and The Americas declined 9% year-over-year [14][15] - The industrial end market in EMEA saw slight growth, while other verticals experienced declines [7] Company Strategy and Development Direction - The company is focused on optimizing inventory composition and reducing core inventory levels where necessary [6] - The management emphasized the importance of leveraging existing customer and supplier relationships to drive growth, encapsulated in the "Power of One" strategy [11][19] - The company is actively adjusting processes to mitigate the impact of tariffs on customers and financials [12][26] Management's Comments on Operating Environment and Future Outlook - Management noted that the current environment is one of the most challenging seen in over 40 years, with complex supply chains and geopolitical uncertainties [13] - The company expects to generate positive operating cash flows in the next quarter and remains committed to balancing debt paydown with shareholder returns [22][26] Other Important Information - The company reported a gross leverage of 3.2 times and had approximately $1.2 billion of available committed borrowing capacity [22] - Book value per share increased to approximately $56, primarily due to changes in foreign currency exchange rates [23] Q&A Session Summary Question: Understanding revenue guidance for June - Management explained that the guidance reflects a cautious approach, particularly due to weak performance in Europe, with expected growth primarily from Asia [28][30] Question: Inventory expectations - Management indicated that while they aim to reduce inventory, it is strategically important and not uniformly high across all SKUs [48][52] Question: Tariff impacts on order patterns - Management noted minimal changes in order patterns due to tariffs, with only modest pull-ins observed [59][62] Question: Visibility into AI-driven components - The company has some visibility into AI-related components, particularly in Asia, but it represents a small portion of overall business [74][76]

Avnet (AVT) reported $5.32 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 6%. EPS of $0.84 for the same period compares to $1.10 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.29 billion, representing a surprise of +0.46%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $0.72.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Avnet (AVT) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this distributor of electronic components would post earnings of $0.88 per share when it actually produced earnings of $0.87, delivering a surprise of -1.14%.Over the last four quar ...

Avnet Third Quarter Fiscal Year 2025 Financial Results This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the financial condition, results of operations, and business of the Company. You can find many of these statements by looking for words like "believes," "projected", "plans," "expects," "anticipates," "should," "will," "may," "estimates," or simi ...

Exhibit 99.1 Avnet Reports Third Quarter 2025 Financial Results Third quarter sales of $5.3 billion and diluted EPS of $1.01 Adjusted diluted EPS of $0.84 Cash flow from operations of $859 million over the past four quarters PHOENIX – April 30, 2025 – Avnet, Inc. (Nasdaq: AVT) today announced results for its third quarter ended March 29, 2025. "We are pleased with our third quarter results, with revenue and earnings exceeding our expectations," said Avnet Chief Executive Officer Phil Gallagher. "Our team co ...

Avnet (AVT) shares rallied 11.8% in the last trading session to close at $46.41. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 13.5% loss over the past four weeks.The upswing was likely driven by a broader market rally following US President Donald Trump’s announcement of pausing the reciprocal tariffs for 90 days. However, a baseline tariff of 10% on imports would continue to apply.This distributor of elec ...

It has been about a month since the last earnings report for Avnet (AVT) . Shares have lost about 1.7% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Avnet due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Avnet's Q2 Earnings Miss Estimates, Revenues SurpassAvnet rep ...

Have you looked into how Avnet (AVT) performed internationally during the quarter ending December 2024? Considering the widespread global presence of this distributor of electronic components, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now p ...

My previous investment thought on Avnet (NASDAQ: AVT ) (published on 1st July 2024) was a hold rating because I was not sure when the business would emerge from the downcycle (I believed it would take aI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim ...