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Avnet a company distributing electronic components and embedded solutions. It offers electronic components, including amplifiers, antennas, batteries, connectors, inductors, microcontrollers and other related products. The Company also provides cloud solutions, integrates IoT technologies and programmable logic, develops visual solutions. It serves aerospace and defense, automotive and transportation, communications, energy, healthcare and other markets. 
TypePublic
Founded1921
HQPhoenix, US
Websiteavnet.com
Employee Ratings3.3

Locations

Avnet is headquartered in
Phoenix, United States

Location Map

Latest Updates

Employees (est.) (Jun 2019)15,500
Job Openings45
Revenue (FY, 2019)$19.5 B(+3%)
Share Price (Oct 2019)$40.3 (+2%)

Key People/Management at Avnet

Ken Arnold

Ken Arnold

Chief People Officer
William J. Amelio

William J. Amelio

CEO
Pete Bartolotta

Pete Bartolotta

Chief Transformation Officer
Therese M. Bassett

Therese M. Bassett

Chief Strategy, Innovation and M&A Officer
MaryAnn Miller

MaryAnn Miller

Chief Administrative Officer
Michael ONeill

Michael ONeill

General Counsel and Chief Legal Officer
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Avnet Office Locations

Avnet has an office in Phoenix
Phoenix, US (HQ)
2211 South 47th Street
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Avnet Financials and Metrics

Avnet Revenue

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View revenue for all periods
Avnet's revenue was reported to be $19.52 b in FY, 2019 which is a 2.5% increase from the previous period.
USD

Revenue (FY, 2019)

19.5b

Revenue growth (FY, 2018 - FY, 2019), %

2.5%

Gross profit (FY, 2019)

2.5b

Gross profit margin (FY, 2019), %

12.7%

Net income (FY, 2019)

176.3m

EBIT (FY, 2019)

365.9m

Market capitalization (11-Oct-2019)

4.1b

Closing stock price (11-Oct-2019)

40.3

Cash (29-Jun-2019)

546.1m

EV

5.3b
Avnet's current market capitalization is $4.1 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

16.7b17.4b19.0b19.5b

Revenue growth, %

(5%)4%9%3%

Cost of goods sold

14.7b15.1b16.5b17.0b

Gross profit

2.1b2.4b2.5b2.5b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

4.6b4.2b4.1b4.2b4.3b4.4b4.7b4.5b4.8b5.1b5.0b4.7b

Cost of goods sold

4.0b3.7b3.6b3.6b3.7b3.8b4.0b3.9b4.1b4.5b4.4b4.1b

Gross profit

563.3m505.1m520.9m525.5m586.2m630.0m612.6m602.5m653.5m636.8m630.0m624.2m

Gross profit Margin, %

12%12%13%13%14%14%13%13%14%13%12%13%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.0b836.4m621.1m546.1m

Accounts Receivable

2.8b3.3b3.6b3.2b

Prepaid Expenses

73.8m253.8m206.5m153.4m

Inventories

2.6b2.8b3.1b3.0b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

506.5m525.3m(156.4m)176.3m

Depreciation and Amortization

79.6m155.4m234.9m180.8m

Inventories

(416.6m)84.4m(308.7m)81.9m

Accounts Payable

(326.2m)163.6m409.6m(377.9m)
USDY, 2019

EV/EBIT

14.4 x

EV/CFO

9.9 x

Revenue/Employee

1.3m

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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Avnet Operating Metrics

Avnet's Units Shipped was reported to be 117 b in FY, 2017. Avnet's Customers was reported to be 2.1 m in FY, 2019.
FY, 2014Jun, 2015FY, 2017Jul, 2017FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Customers

100 k110 k2.10 m2.10 m2.10 m2.10 m2.10 m

Suppliers

800 600 140 k1.40 k1.40 k1.40 k1.40 k

Countries

90 100 140 140 140 140 140

Units Shipped

87.30 b117 b
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Avnet Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Softweb SolutionsDecember 31, 2018
Dragon InnovationAugust 22, 2017
Hackster, Inc.November 14, 2016
Premier FarnellJuly 28, 2016$832.08 m
Orchestra ServiceSeptember 30, 2015
MSC InvestorenDecember 30, 2013
Seamless TechnologiesJune 10, 2013
RTI HoldingsMarch 20, 2013
TSSLinkJanuary 03, 2013
Universal SemiconductorDecember 13, 2012
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Avnet Revenue Breakdown

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Avnet revenue breakdown by business segment: 7.5% from Premier Farnell and 92.5% from Electronic Components

Avnet revenue breakdown by geographic segment: 39.0% from Asia/Pacific, 26.3% from Americas and 34.6% from EMEA

Avnet Online and Social Media Presence

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Avnet Frequently Asked Questions

  • When was Avnet founded?

    Avnet was founded in 1921.

  • Who are Avnet key executives?

    Avnet's key executives are Ken Arnold, William J. Amelio and Pete Bartolotta.

  • How many employees does Avnet have?

    Avnet has 15,500 employees.

  • What is Avnet revenue?

    Latest Avnet annual revenue is $19.5 b.

  • What is Avnet revenue per employee?

    Latest Avnet revenue per employee is $1.3 m.

  • Who are Avnet competitors?

    Competitors of Avnet include Sierra Monitor Corporation, Arrow Electronics and Digi-Key Electronics.

  • Where is Avnet headquarters?

    Avnet headquarters is located at 2211 South 47th Street, Phoenix.

  • Where are Avnet offices?

    Avnet has an office in Phoenix.

  • How many offices does Avnet have?

    Avnet has 1 office.