EarningsAVT delivered F1Q revenue of $5.6 billion, above the high end of its guidance range and versus Street at $5.4 billion, and an EPS of $0.92 which was also above the high end of guidance and versus Street at $0.86.
Financial PerformanceAvnet remains confident in an eventual return to double-digit EBIT% with new leadership and additional cost optimization plans.
Market DemandAsia continues to lead western regions in demand recovery returning to year-over-year growth.