Company profile

AVT stock data

(
)

Calendar

15 Aug 19
17 Oct 19
29 Jun 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 4.68B 4.7B 5.05B 5.09B
Net income -31.84M 88.05M 36.4M 83.72M
Diluted EPS -0.26 0.81 0.33 0.72
Net profit margin -0.68% 1.87% 0.72% 1.64%
Operating income -30.04M 153.09M 96.05M 146.82M
Net change in cash -179.15M 243.09M 116.31M -255.27M
Cash on hand 546.11M 725.25M 482.17M 365.85M
Cost of revenue 4.09B 4.07B 4.42B 4.45B
Annual (USD) Jun 19 Jun 15 Jun 14
Revenue 19.52B 17.66B 27.5B
Net income 176.34M 571.91M 545.6M
Diluted EPS 1.59 4.12 3.89
Net profit margin 0.90% 3.24% 1.98%
Operating income 365.91M 653.15M 789.94M
Net change in cash -386.45M 3.58M
Cash on hand 546.11M 932.55M 928.97M
Cost of revenue 17.03B 15.45B 24.27B

Financial data from Avnet earnings reports

Financial report summary

?
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: alternative, Arnold, artificial, attempt, brenda, Brexit, category, center, clarifying, commonly, Condensed, consigned, consumed, count, depict, enforceable, entitled, faster, foreseeable, fraudulently, freeman, Gallagher, gathering, grew, induce, jacobson, Ken, kenneth, Lastly, macroeconomic, monitoring, MRO, nominal, passed, PBSO, Philip, phishing, readily, remittance, removing, repair, reversal, Softweb, speed, Subtopic, Task, title, treat, type, uncompleted, undertook, vehicle, warranty
Removed: agency, apply, April, assist, billed, calling, CERCLA, Chase, clean, cleaning, contamination, conversion, core, declared, deliver, disposed, entail, entered, expand, extra, focused, generation, high, joint, JP, JPMorgan, Kevin, largest, liable, low, memo, Micro, Morgan, Moriarty, notably, obligor, paper, persuasive, pollution, presence, professional, pursued, Ratio, reach, relationship, released, rendered, review, room, Rule, scale, scope, storage, Street, supersede, vacated, veronica, viable, Washington