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Jun 27, 2020
Avnet Q4 2020 Earnings Report
Delivered quarterly revenues above consensus and generated strong operating cash flow.
Key Takeaways
Avnet reported Q4 revenues above consensus and generated strong operating cash flow despite challenges from the COVID-19 operating environment. The company is committed to improving bottom-line results and will enhance its core distribution business capabilities in fiscal year 2021.
Delivered quarterly revenues above consensus.
Generated strong operating cash flow.
Committed to improving bottom-line results.
Will enhance core distribution business capabilities in fiscal year 2021.
Avnet
Avnet
Forward Guidance
The above guidance is based upon market conditions existing as of today, and excludes amortization of intangibles, any potential restructuring, integration, and other expenses and certain income tax adjustments. The above guidance assumes 100 million average diluted shares outstanding and average U.S. Dollar to Euro and GBP currency exchange rates are as shown below