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Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the fiscal year ended July 1 of $19 billion, a 9.2 percent increase over the same period a year ago. The company report a loss for the year of $156.4 million compared to a profit of $525.3 million in 2017.
For the fourth quarter, sales were $5.1 billion, up 10.9 percent year-over-year. Profit decreased 28 percent to $58.6 million.