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Avnet, Inc., Tempe, AZ, reported sales of $16.2 billion for fiscal year 2009, down 9.6% over fiscal year 2008. The electronics distributor recorded a loss of $1.12 billion for the fiscal year, compared to profit of $499.1 million a year ago. Organic sales were down 15.6%.
For the fourth quarter, sales were $3.77 billion, down 19.5% over fourth quarter fiscal year 2008. Net loss was $30.9 million, compared to profit of $144.1 million for the prior year period. Organic sales declined 24.7%.
Electronics Marketing sales of $2.13 billion for the fourth quarter fiscal 2009 were down 22.2% year over year. Organic revenue decreased 27.3%.
Technology Solutions sales of $1.64 billion for the fourth quarter fiscal 2009 were down 15.8% year over year and down 20.9% organically.