Company profile

Ticker
AVT
Exchange
Website
CEO
Bill Joseph Amelio
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
111890605

AVT stock data

(
)

Calendar

1 May 20
6 Jul 20
27 Jun 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 4.31B 4.53B 4.63B 4.68B
Net income -128.66M 3.67M 41.75M -31.84M
Diluted EPS -1.29 0.04 0.4 -0.26
Net profit margin -2.99% 0.08% 0.90% -0.68%
Operating income -115.76M 46.48M 62.74M -30.04M
Net change in cash -86.16M -175.3M 118M -179.15M
Cash on hand 402.66M 488.81M 664.11M 546.11M
Cost of revenue 3.79B 4.01B 4.09B 4.09B
Annual (USD) Jun 19 Jun 18 Jul 17 Jul 16
Revenue 19.52B 19.04B 17.44B 16.74B
Net income 176.34M -156.42M 525.28M 506.53M
Diluted EPS 1.59 -1.3 4.08 3.8
Net profit margin 0.90% -0.82% 3.01% 3.03%
Operating income 365.91M 209.22M 443.7M 572.91M
Net change in cash -75.02M -215.26M -195.09M 98.93M
Cash on hand 546.11M 621.13M 836.38M 1.03B
Cost of revenue 17.03B 16.51B 15.07B 14.66B

Financial data from Avnet earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
17 Jun 20 Freeman Brenda Phantom Stock Units Common Stock Grant Aquire A No 27.43 67 1.84K 8,908
17 Jun 20 Oleg Khaykin Phantom Stock Units Common Stock Grant Aquire A No 27.43 101 2.77K 13,274
17 Jun 20 Rodney C Adkins Phantom Stock Units Common Stock Grant Aquire A No 27.43 35 960.05 4,648
17 Jun 20 William H Schumann Phantom Stock Units Common Stock Grant Aquire A No 27.43 339 9.3K 44,769
26 May 20 Miller MaryAnn G. Common Stock Sell Dispose S No 29 11,456 332.22K 54,193
26 May 20 Miller MaryAnn G. Common Stock Option exercise Aquire M No 24.41 11,456 279.64K 65,649
26 May 20 Miller MaryAnn G. Employee Stock Option Common Stock Option exercise Dispose M No 24.41 11,456 279.64K 0
95.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 283 331 -14.5%
Opened positions 36 60 -40.0%
Closed positions 84 50 +68.0%
Increased positions 106 100 +6.0%
Reduced positions 97 135 -28.1%
13F shares
Current Prev Q Change
Total value 2.39B 4.17B -42.7%
Total shares 94.04M 97.31M -3.4%
Total puts 281.9K 166.4K +69.4%
Total calls 150.5K 24.6K +511.8%
Total put/call ratio 1.9 6.8 -72.3%
Largest owners
Shares Value Change
BLK BlackRock 11.5M $288.72M +8.5%
Vanguard 11.38M $285.69M +3.7%
PZN Pzena Investment Management 9.04M $226.82M +0.4%
Aqr Capital Management 4.17M $104.7M +13.8%
JHG Janus Henderson 3.86M $96.82M +27.2%
STT State Street 3.77M $94.59M +6.0%
Dimensional Fund Advisors 3.69M $92.56M -0.7%
Lord, Abbett & Co. 2.42M $60.81M +3.3%
FMR 2.11M $53.04M +15.8%
Advisory Research 1.36M $34.1M +148.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.21M EXIT
LSV Asset Management 679.1K -1.03M -60.3%
BLK BlackRock 11.5M +903.64K +8.5%
PUK Prudential 645.2K -841.6K -56.6%
JHG Janus Henderson 3.86M +824.15K +27.2%
Advisory Research 1.36M +810.74K +148.0%
Renaissance Technologies 321.3K -788.5K -71.0%
Millennium Management 283.52K -598.04K -67.8%
Aqr Capital Management 4.17M +505.56K +13.8%
Arrowstreet Capital, Limited Partnership 446.03K -480.17K -51.8%

Financial report summary

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Competition
CogoNetwork EnginesSynnexTssIntcomex
Risks
  • Economic weakness and geopolitical uncertainty could adversely affect the Company’s results and prospects.
  • The Company experiences significant competitive pressure, which may negatively impact its results.
  • Changes in customer needs and consumption models could significantly affect the Company’s operating results.
  • The Company’s non-U.S. locations represent a significant portion of its sales and, consequently, the Company is exposed to risks associated with operating internationally that could adversely affect the Company’s operating results.
  • If the Company’s internal information systems fail to function properly, or if the Company is unsuccessful in the implementation, integration or upgrade of information systems, its business operations could suffer.
  • The Company’s acquisition strategy may not produce the expected benefits, which may adversely affect the Company’s results of operations.
  • Major disruptions to the Company’s logistics capability could have an adverse impact on the Company’s operations.
  • Declines in the value of the Company’s inventory or unexpected order cancellations by the Company’s customers could adversely affect its business, results of operations, financial condition and liquidity.
  • Substantial defaults by the Company’s customers or suppliers on its accounts receivable or the loss of significant customers could have a significant negative impact on the Company’s business, results of operations, financial condition or liquidity.
  • The Company may not have adequate or cost-effective liquidity or capital resources which could adversely affect the Company’s operations.
  • In order to be successful, the Company must attract, retain, train, motivate and develop key employees, and failure to do so could adversely impact the Company’s results and strategic initiatives.
  • The Company may become involved in legal proceedings that could cause it to incur substantial costs, divert management’s efforts or require it to pay substantial damages or licensing fees.
  • Changes in tax rules and regulations, changes in interpretation of tax rules and regulations, changes in business performance or unfavorable assessments from tax audits could adversely affect the Company’s effective tax rates, deferred taxes, financial condition and results of operations.
  • If the Company fails to maintain effective internal controls, it may not be able to report its financial results accurately or timely, or prevent or detect fraud, which could have an adverse effect on the Company’s business or the market price of the Company’s securities.
  • Failure to comply with the requirements of environmental regulations could adversely affect the Company’s business.
Management Discussion
  • The table below provides a comparison of reported and organic sales for fiscal 2019 to fiscal 2018 sales to allow readers to better assess and understand the Company’s sales performance by operating group on a more comparable basis.
  • Avnet’s sales for fiscal 2019 were $19.52 billion, an increase of $481.7 million, or 2.5%, from fiscal 2018 sales of $19.04 billion. Sales in constant currency increased 4.4% year over year with both operating groups in all three regions contributing to the increase.
  • EC sales in fiscal 2019 were $18.06 billion, representing a 2.9% increase over fiscal 2018 sales. Sales in constant currency increased 4.8% year over year and all three regions contributed to sales growth of 3.1%, 4.7%, and 5.7% in the Americas, EMEA and Asia, respectively. From a sales by product perspective, sales of IP&E products grew faster than semiconductors.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Aid, analyzed, April, body, book, burden, complying, conserve, constrained, declared, delayed, disrupted, disruption, ease, economy, ensure, evolve, evolving, export, face, Fargo, foresee, freight, health, heightened, indenture, infrastructure, led, met, negative, negatively, notified, outbreak, pandemic, participant, participation, pausing, perpetual, personal, predicted, premium, previously, promote, protective, quarantine, recoverable, redemption, reform, Relief, retroactively, rotating, safety, sanitation, scheduled, scope, significantly, softer, splitting, step, strain, successful, suspended, tangible, temperature, temporarily, thereto, transmission, transport, travel, trillion, Trustee, uncertain, unknown, upstream, western, withdrawal, workforce, worldwide
Removed: centrally, doubtful, expenditure, finance, GILTI, impacting, interpretation, issue, Low, mandatory, overhead, pay, profitability, reconciling, repatriation, represent, return, Taxed