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Mar 28, 2020
Avnet Q3 2020 Earnings Report
Avnet's Q3 2020 financial results were announced, showing sales of $4.3 billion and a GAAP diluted loss per share of $1.29.
Key Takeaways
Avnet reported third quarter sales of $4.3 billion. The company's GAAP diluted loss per share was $1.29, while non-GAAP adjusted diluted EPS was $0.38. Operating cash flow was $98 million, and debt was reduced by $92 million.
Sales reached $4.3 billion, compared to $4.7 billion in the previous year.
GAAP diluted loss per share from continuing operations was $1.29, versus EPS of $0.87 a year ago.
Non-GAAP adjusted diluted EPS was $0.38, down from $1.09 in the prior year.
Operating cash flow was $98 million, and the company reduced debt by $92 million.
Avnet
Avnet
Avnet Revenue by Segment
Avnet Revenue by Geographic Location
Revenue by Segment
Electronic Components Revenue
CapyFin.comFarnell Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
Avnet is not issuing guidance for the fourth quarter of fiscal 2020 ending on June 27, 2020 due to the unpredictability of the COVID-19 pandemic's impact.
Revenue & Expenses
Visualization of income flow from segment revenue to net income