Avnet, a technology solutions company, distributes electronic components worldwide. The Company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. The Premier Farnell segment distributes kits, tools, and electronic and industrial automation components to engineers and entrepreneurs.
TypePublic
Parent CompanyBridge International Academies
HQPhoenix, US
Founded1921
Size (employees)15,400 (est)-1%
Websiteavnet.com
Avnet was founded in 1921 and is headquartered in Phoenix, US
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Key People/Management at Avnet

William J. Amelio

William J. Amelio

CEO
Kenneth Jacobson

Kenneth Jacobson

Interim CFO
Therese M. Bassett

Therese M. Bassett

Senior Vice President, Chief Strategy and Innovation Officer
Michael ONeill

Michael ONeill

Senior Vice President, General Counsel and Chief Legal Officer
Kevin Summers

Kevin Summers

Chief Information Officer
MaryAnn Miller

MaryAnn Miller

Senior Vice President, Chief HR Officer and Global Marketing & Communications
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Avnet Office Locations

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

Avnet Revenue

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Avnet's revenue was reported to be $19.04 b in FY, 2018 which is a 9.2% increase from the previous period.
USD

Revenue (FY, 2018)

19.0b

Revenue growth (FY, 2017 - FY, 2018), %

9.2%

Gross profit (FY, 2018)

2.5b

Gross profit margin (FY, 2018), %

13.3%

Net income (FY, 2018)

(156.4m)

EBIT (FY, 2018)

230.5m

Market capitalization (11-Oct-2018)

4.5b

Closing stock price (11-Oct-2018)

39.5

Cash (30-Jun-2018)

621.1m

EV

5.5b
Avnet's current market capitalization is $4.5 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

17.7b16.7b17.4b19.0b

Revenue growth, %

(5%)4%9%

Cost of goods sold

15.4b14.7b15.1b16.5b

Gross profit

2.2b2.1b2.4b2.5b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

6.8b7.6b6.7b4.6b4.2b4.1b4.2b4.3b4.4b4.7b4.5b4.8b

Cost of goods sold

6.0b6.7b6.0b4.0b3.7b3.6b3.6b3.7b3.8b4.0b3.9b4.1b

Gross profit

795.5m837.5m774.4m563.3m505.1m520.9m525.5m586.2m630.0m612.6m602.5m653.5m

Gross profit Margin, %

12%11%11%12%12%13%13%14%14%13%13%14%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

932.6m1.0b836.4m621.1m

Accounts Receivable

5.1b2.8b3.3b3.6b

Prepaid Expenses

115.9m73.8m253.8m206.5m

Inventories

2.5b2.6b2.8b3.1b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

814.4m903.3m803.5m824.7m916.1m1.0b1.2b1.3b1.1b539.7m589.5m430.1m

Accounts Receivable

5.1b5.7b5.0b4.9b5.4b4.9b2.9b3.0b3.2b3.4b3.3b3.6b

Prepaid Expenses

181.8m196.1m211.3m181.6m181.1m200.6m76.5m59.6m273.5m261.6m269.2m305.1m

Inventories

2.7b2.5b2.5b2.8b2.7b2.8b2.4b2.7b2.8b3.1b3.3b3.3b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

571.9m506.5m525.3m(156.4m)

Depreciation and Amortization

82.2m79.6m155.4m234.9m

Inventories

(78.3m)(416.6m)84.4m(308.7m)

Accounts Payable

117.5m(326.2m)163.6m409.6m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

127.9m291.7m413.2m130.3m286.3m409.7m68.8m172.1m443.8m58.3m105.0m(215.0m)

Depreciation and Amortization

34.7m69.0m103.5m19.2m38.0m56.7m21.6m57.4m98.0m63.8m124.8m184.0m

Inventories

(165.9m)(6.0m)(90.0m)(282.8m)(189.6m)(351.7m)182.2m139.7m86.1m(267.0m)(410.4m)(337.9m)

Accounts Payable

(28.8m)583.3m118.4m(2.5m)(240.5m)(103.2m)(164.8m)133.7m86.1m37.3m75.3m180.7m
USDY, 2018

EV/EBIT

24 x

EV/CFO

21.8 x

Revenue/Employee

1.2m

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2 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 Aug, 2018.
FY, 2014Jun, 2015FY, 2017Jul, 2017Aug, 2018

Customers

100 k110 k2.10 m

Suppliers

800 600 1.40 k

Countries

90 125 125

Units Shipped

87.30 b117 b
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Avnet Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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
GenilogixNovember 02, 2012
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Avnet Revenue Breakdown

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Avnet revenue breakdown by business segment: 7.8% from Premier Farnell and 92.2% from Electronic Components

Avnet revenue breakdown by geographic segment: 38.0% from Asia/Pacific, 26.3% from Americas and 35.7% from EMEA

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Avnet Online and Social Media Presence

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Avnet Company Life and Culture

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