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Avnet Sales Up 6.1% in Fiscal 3Q

Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the third quarter ended March 29, 2014, of $6.7 billion, a 6.1 percent increase year-over-year. Organic sales increased 3.7 percent. Profit for the quarter increased 32.1 percent to $113.9 million.

Year-to-date sales were $20.5 billion, up 8.4 percent over the same period the previous year. Year-to-date profit increased 10.9 percent to $359.3 million.

Electronics marketing sales for the fiscal third quarter were $4.1 billion, up 8.8 percent year-over-year.

Technology solutions sales for the fiscal third quarter were up 2 percent to $2.6 billion.

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