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.

Employee Rating

3.3More
TypePublic
HQPhoenix, US
Founded1921
Size (employees)15,400 (est)
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
Therese M. Bassett

Therese M. Bassett

Senior Vice President, Chief Strategy and Innovation Officer
Tom Liguori

Tom Liguori

CFO
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 offices in Phoenix, Kyiv, Dietikon, Solna and in 34 other locations
Phoenix, US (HQ)
2211 S 47th St
Wien, AT
297-307 Schönbrunner Str.
Diegem, BE
3 De Kleetlaan
Sofia, BG
48 bul. "Sitnyakovo"
Burnaby, CA
3292 Production Way
Beijing, CN
3/F, Tower E Phase II of Wangjing International R&D Park No.6 Wangjing East Road
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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 (Q1, 2019)

5.1b

Gross profit (Q1, 2019)

636.8m

Gross profit margin (Q1, 2019), %

12.5%

Net income (Q1, 2019)

83.7m

EBIT (Q1, 2019)

146.8m

Market capitalization (17-Jan-2019)

4.7b

Closing stock price (17-Jan-2019)

41.8

Cash (29-Sep-2018)

365.9m

EV

5.9b
Avnet's current market capitalization is $4.7 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

27.5b17.7b16.7b17.4b19.0b

Revenue growth, %

(36%)(5%)4%9%

Cost of goods sold

24.3b15.4b14.7b15.1b16.5b

Gross profit

3.2b2.2b2.1b2.4b2.5b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

7.4b6.7b6.8b7.6b6.7b4.6b4.2b4.1b4.2b4.3b4.4b4.7b4.5b4.8b5.1b

Cost of goods sold

6.6b5.9b6.0b6.7b6.0b4.0b3.7b3.6b3.6b3.7b3.8b4.0b3.9b4.1b4.5b

Gross profit

848.6m804.9m795.5m837.5m774.4m563.3m505.1m520.9m525.5m586.2m630.0m612.6m602.5m653.5m636.8m

Gross profit Margin, %

11%12%12%11%11%12%12%13%13%14%14%13%13%14%13%wdxefcqufszuzezftuxetqsqxt
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

929.0m932.6m1.0b836.4m621.1m

Accounts Receivable

5.1b2.8b3.3b3.6b

Prepaid Expenses

115.9m73.8m253.8m206.5m

Inventories

2.6b2.5b2.6b2.8b3.1b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

779.3m960.1m814.4m903.3m803.5m824.7m916.1m1.0b1.2b1.3b1.1b539.7m589.5m430.1m365.9m

Accounts Receivable

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

Prepaid Expenses

181.8m196.1m211.3m181.6m181.1m200.6m76.5m59.6m273.5m261.6m269.2m305.1m114.4m

Inventories

2.5b2.5b2.7b2.5b2.5b2.8b2.7b2.8b2.4b2.7b2.8b3.1b3.3b3.3b3.4b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

545.6m571.9m506.5m525.3m(156.4m)

Depreciation and Amortization

137.2m82.2m79.6m155.4m234.9m

Inventories

(226.1m)(78.3m)(416.6m)84.4m(308.7m)

Accounts Payable

48.7m117.5m(326.2m)163.6m409.6m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

245.5m359.3m127.9m291.7m413.2m130.3m286.3m409.7m68.8m172.1m443.8m58.3m105.0m(215.0m)83.7m

Depreciation and Amortization

65.6m100.5m34.7m69.0m103.5m19.2m38.0m56.7m21.6m57.4m98.0m63.8m124.8m184.0m46.2m

Inventories

(158.5m)(114.3m)(165.9m)(6.0m)(90.0m)(282.8m)(189.6m)(351.7m)182.2m139.7m86.1m(267.0m)(410.4m)(337.9m)(269.6m)

Accounts Payable

348.5m(148.8m)(28.8m)583.3m118.4m(2.5m)(240.5m)(103.2m)(164.8m)133.7m86.1m37.3m75.3m180.7m95.1m
USDY, 2018

EV/EBIT

39.9 x

EV/CFO

-68.9 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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Avnet Frequently Asked Questions

  • When was Avnet founded?

    Avnet was founded in 1921.

  • Who are Avnet key executives?

    Avnet's key executives are William J. Amelio, Therese M. Bassett and Tom Liguori.

  • How many employees does Avnet have?

    Avnet has 15,400 employees.

  • What is Avnet revenue?

    Latest Avnet annual revenue is $19 b.

  • What is Avnet revenue per employee?

    Latest Avnet revenue per employee is $1.2 m.

  • Who are Avnet competitors?

    Competitors of Avnet include Digi-Key Electronics, Electrocomponents and NGK Insulators.

  • Where is Avnet headquarters?

    Avnet headquarters is located at 2211 S 47th St, Phoenix.

  • Where are Avnet offices?

    Avnet has offices in Phoenix, Kyiv, Dietikon, Solna and in 34 other locations.

  • How many offices does Avnet have?

    Avnet has 38 offices.