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Jun 29, 2024
Avnet Q4 2024 Earnings Report
Reported a decrease in sales and diluted EPS compared to the prior year quarter, but exceeded the upper end of its fourth quarter sales and earnings guidance.
Key Takeaways
Avnet reported Q4 sales of $5.6 billion and diluted EPS of $0.91. Adjusted diluted EPS was $1.22. The company exceeded the upper end of its fourth quarter sales and earnings guidance and is well positioned entering fiscal year 2025.
Sales of $5.6 billion, compared with $6.6 billion in the prior year quarter.
Diluted earnings per share of $0.91, compared with $1.68 in the prior year quarter.
Adjusted diluted earnings per share of $1.22, compared with $2.06 in the prior year quarter.
Electronic Components operating margin of 4.1%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of fiscal 2025, Avnet expects sales between $5.25B and $5.55B, with a midpoint of $5.40B. Diluted EPS is expected to be between $0.80 and $0.90, with a midpoint of $0.85.
Positive Outlook
- Sales guidance midpoint of $5.40B.
- Diluted EPS guidance midpoint of $0.85.
- Assumes sales declines in the western regions.
- Assumes sales growth in Asia.
- Assumes similar interest expense to the fourth quarter of fiscal 2024 and an effective tax rate of between 21% and 25%.
Challenges Ahead
- Implies a sequential sales change of flat to down approximately 5%.
- Excludes restructuring, integration and other expenses.
- Excludes foreign currency gains and losses.
- Excludes certain income tax adjustments.
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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