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Avnet’s Sales Up 8%

Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for its fiscal third quarter ended March 31 of $4.8 billion, an 8 percent increase compared to the prior year period. The company reported an operating loss of $54.4 million, compared to operating income of $114 million in the year-ago period.

Sales in the Americas fell 4 percent, to $1.3 billion, while sales in the EMEA region grew 12 percent, to $1.8 billion, and sales in Asia grew 14 percent, to $1.7 billion.


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