Avnet ( (AVT) ) has released its Q2 earnings. Here is a breakdown of the information Avnet presented to its investors.
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Avnet, Inc. is a global technology distributor and solutions provider based in Phoenix, Arizona, specializing in supporting customers from product development to production in the electronics and technology sectors. Known for its position at the center of the technology supply chain, Avnet connects suppliers’ technology solutions with the complex needs of its customers.
In its second quarter of fiscal 2025, Avnet reported sales of $5.7 billion, a decrease from the previous year’s $6.2 billion. The company’s diluted earnings per share (EPS) stood at $0.99, with an adjusted diluted EPS of $0.87. Despite challenging market conditions, Avnet maintained strong operational cash flow, aided by strategic inventory optimization and effective operations.
Key financial metrics revealed a decline in sales across most regions except Asia, which experienced growth for the second consecutive quarter. The operating income margin fell to 2.7% from 3.8% in the previous year. Avnet returned $80 million to shareholders through dividends and share repurchases, reflecting its commitment to shareholder value.
Looking ahead, Avnet anticipates a sales range of $5.05 billion to $5.35 billion for the third quarter of fiscal 2025, projecting a sequential sales decline due to seasonal factors. The company remains focused on optimizing its inventory and operations to navigate ongoing market challenges effectively.
