Avnet is the industrial distributor of electronic components, enterprise computer and storage products and embedded subsystems. The Company distributes electronic components such as semiconductors, interconnect, passive, and electromechanical devices from electronic component manufacturers. Additionally, Avnet provides engineering design, materials management and logistics services, system integration and configuration, and supply chain services.

Type
Public
HQ
Phoenix, US
Founded
1921
Size (employees)
15,700 (est)
Website
avnet.com
Avnet was founded in 1921 and is headquartered in Phoenix, US
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Key People/Management at Avnet

William Amelio

William Amelio

Chief Executive Officer
Kenneth Jacobson

Kenneth Jacobson

Interim CFO
Therese Bassett

Therese Bassett

Senior Vice President, Chief Strategy and Innovation Officer
Michael O’Neill

Michael O’Neill

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 Poing, White Waltham and Phoenix
Phoenix, US (HQ)
2211 S 47th St
Poing, DE
60c-60d Gruber Str.
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Avnet Financials and Metrics

Avnet Financials

Avnet's revenue was reported to be $17.44 b in FY, 2017 which is a 4.2% increase from the previous period.
USD

Revenue (Q2, 2018)

4.5 b

Gross profit (Q2, 2018)

602.5 m

Gross profit margin (Q2, 2018), %

13.3%

Net income (Q2, 2018)

46.7 m

EBIT (Q2, 2018)

87 m

Market capitalization (18-Apr-2018)

5.2 b

Cash (30-Dec-2017)

589.5 m

EV

6.3 b
Avnet's current market capitalization is $5.2 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

17.7 b16.7 b17.4 b

Revenue growth, %

(5%)4%

Cost of goods sold

15.4 b14.7 b15.1 b

Gross profit

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

Revenue

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

Cost of goods sold

6 b6.7 b6 b4 b3.7 b3.6 b3.6 b3.7 b3.8 b4 b3.9 b

Gross profit

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

Gross profit Margin, %

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

Cash

932.6 m1 b836.4 m

Accounts Receivable

5.1 b2.8 b3.3 b

Prepaid Expenses

115.9 m73.8 m253.8 m

Inventories

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

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

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

Net Income

571.9 m506.5 m525.3 m

Depreciation and Amortization

82.2 m79.6 m155.4 m

Inventories

(78.3 m)(416.6 m)84.4 m

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Inventories

(165.9 m)(6 m)(90 m)(282.8 m)(189.6 m)(351.7 m)182.2 m139.7 m86.1 m(267 m)(410.4 m)

Accounts Payable

(28.8 m)583.3 m118.4 m(2.5 m)(240.5 m)(103.2 m)(164.8 m)133.7 m86.1 m37.3 m75.3 m
USDY, 2017

EV/EBIT

72.5 x

EV/CFO

-106.6 x

Revenue/Employee

288 k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x
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Avnet Operating Metrics

Avnet's Customers was reported to be 2.1 m in Feb, 2018. Avnet's Units Shipped was reported to be 87.3 b in Jun, 2015.
Jun, 2015Jul, 2017Feb, 2018

Customers

100 k110 k2.10 m

Suppliers

800 600 1.40 k

Countries

90 125 125

Units Shipped

87.30 b
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Avnet Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Avnet Delaware Holdings, Inc.
Avnet EM Holdings (Japan) Kabushiki Kaisha
Avnet EM Sp. z.o.o.
Avnet EMG France
Avnet EMG GmbH
Avnet EMG Ltd
Avnet Erste Verwaltungs GmbH
Avnet Europe Executive BVBA
Avnet Finance B.V.
Avnet Group Holdings Limited
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