Welcome to our dedicated page for Avnet news (Ticker: AVT), a resource for investors and traders seeking the latest updates and insights on Avnet stock.
Avnet, Inc. (Nasdaq: AVT) is a global technology distributor and solutions provider that regularly issues news and updates related to its operations in business-to-business electronic markets. As a company that supports customers and suppliers at every stage of the product lifecycle, from idea and design through prototyping and production, Avnet frequently reports on financial performance, capital allocation decisions and participation in investor events.
News for AVT commonly includes quarterly and annual financial results, where Avnet discusses sales, earnings, segment performance for its Electronic Components and Farnell businesses, and regional trends across the Americas, EMEA and Asia. These releases often highlight non-GAAP financial measures, cash flow from operations and commentary from management on market conditions and business outlook.
Investors following Avnet’s news can also expect announcements about dividends and share repurchases, such as board approvals of regular quarterly cash dividends and changes in dividend levels, as well as disclosures about repurchases of common stock under the company’s share repurchase program. In addition, Avnet issues press releases on financing activities, including the issuance and pricing of convertible senior notes and amendments to credit agreements.
The AVT news flow further includes information on upcoming and completed investor conferences, earnings call schedules and webcasts, and other corporate developments disclosed through press releases and related Form 8-K filings. For investors, analysts and other market participants, this news page provides a centralized view of Avnet’s public communications about its financial condition, strategic financing actions and ongoing engagement with the investment community.
Avnet Integrated has achieved the Titanium partner status in Dell Technologies’ Partner Program for FY 2023, demonstrating significant collaboration and growth. This recognition allows Avnet to enhance its offerings, helping clients in various sectors such as healthcare and industrial automation accelerate growth, optimize costs, and improve customer experiences. With this status, Avnet is among a select group of OEM-focused Titanium members, leveraging its expertise and scale to drive innovation and support clients' business outcomes.
Avnet (Nasdaq: AVT) will participate in the 43rd Annual Raymond James Institutional Investors Conference on March 9 at 9:15 a.m. ET in Orlando, Florida. Key executives, including CEO Phil Gallagher, CFO Tom Liguori, and VP of Treasury & Investor Relations Joe Burke, will engage in a fireside chat. The event will be webcast live on the Avnet Investor Relations webpage. A replay will be accessible post-event. Avnet, a century-old technology distributor, supports customers throughout the product lifecycle.
Avnet, a global technology solutions provider, announced a quarterly cash dividend of $0.26 per share, approved by its Board of Directors on Feb. 16, 2022. The dividend will be distributed on March 16, 2022 to shareholders recorded by the close of business on March 2, 2022. This reflects the company’s commitment to returning value to shareholders while supporting its ongoing business operations.
Avnet, Inc. (Nasdaq: AVT) reported strong second-quarter results for fiscal year 2022, with sales reaching $5.9 billion, a 25.6% increase year-over-year. Diluted EPS also saw significant growth, at $1.50, compared to $0.19 in the prior year. Adjusted diluted EPS rose to $1.51, up 214.6% year-over-year. Operating margins improved for both Electronic Components and Farnell, reaching 3.5% and 13.7%, respectively. The company returned $23.7 million to shareholders through dividends, marking a 14% increase year-over-year. Looking ahead, the company anticipates continued growth amidst favorable market conditions.
Avnet (Nasdaq: AVT) will release its financial results for Q2 FY2022 on
Avnet (NASDAQ: AVT) appointed Dayna Badhorn as the new regional president for its Americas electronics components division, effective immediately. With 23 years at Avnet, Badhorn previously served as global VP of strategic planning and corporate marketing, where she identified growth opportunities. CEO Phil Gallagher expressed confidence in her ability to drive growth in the region. Badhorn has held various leadership roles since joining in 1998 and has a track record of launching initiatives and managing transformation projects.
Avnet, Inc. (AVT) has announced a quarterly cash dividend of $.24 per share, approved by its Board of Directors on November 17, 2021. The dividend payout is scheduled for December 15, 2021, to shareholders who hold shares by the close of business on December 1, 2021. This consistent dividend payment highlights Avnet's commitment to returning value to its shareholders as it continues to support customer needs across the technology lifecycle.
Avnet (Nasdaq: AVT) has announced its participation in two upcoming virtual investor conferences. On November 30, CEO Phil Gallagher, CFO Tom Liguori, and VP Joe Burke will host a fireside chat at the Wells Fargo TMT Summit at 1:20 p.m. ET. On December 6, the same team will participate in the Raymond James Technology Investors Conference at 8:50 a.m. ET. Both events will be webcast live, with links available on the Avnet investor relations website. Avnet, a century-old technology distributor, supports customers throughout all stages of product development.
Avnet (Nasdaq: AVT) has partnered with Digital Realty (NYSE: DLR) to provide innovative video broadcast solutions aimed at enhancing enterprise capabilities. Their first offering features 3rd Gen AMD EPYC servers integrated with Xilinx U30 FPGA accelerator cards, designed for high-performance, cloud-based video streaming. This collaboration enables organizations to easily benchmark and deploy solutions without upfront infrastructure costs, targeting various sectors including telemedicine and digital content distribution. The service emphasizes cost-effectiveness and performance, supporting the growing demand for digital video services.
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