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Sep 28, 2024
Avnet Q1 2025 Earnings Report
Sales and earnings exceeded guidance, driven by growth in Asia, while focusing on improving the Farnell business.
Key Takeaways
Avnet reported first quarter results with sales of $5.6 billion and diluted EPS of $0.66. Adjusted diluted EPS was $0.92. The company generated $106 million of cash flow from operations and returned nearly $100 million to shareholders through share repurchases.
Sales reached $5.6 billion, compared to $6.3 billion in the prior year quarter.
Diluted earnings per share were $0.66, compared to $2.25 in the prior year quarter.
Adjusted diluted earnings per share were $0.92, compared to $1.61 in the prior year quarter.
Operating income margin was 2.5%, compared to 4.0% in the prior year quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of fiscal 2025, Avnet expects sales between $5.40B and $5.70B, with a midpoint of $5.55B. Diluted EPS is expected to be between $0.80 and $0.90, with a midpoint of $0.85.
Positive Outlook
- Sequential sales change of up approximately 2% to down approximately 4%.
Challenges Ahead
- Excludes restructuring, integration and other expenses.
- Excludes foreign currency gains and losses.
- Excludes certain income tax adjustments.
- Assumes similar interest expense to the first quarter of fiscal 2025.
- Assumes an adjusted effective tax rate of between 21% and 25%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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