The company said that fourth-quarter sales of $6.6 billion exceeded guidance and were up 2.9% year-over-year.
Latest In Avnet
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Rebecca Obregon-Jimenez will fill the newly created role at Avnet.
More than a handful of companies on MDM's 2022 Top Distributors list garnered the reputation-based honor from Fortune.
Avnet's 2Q sales were up 14.5% year-over-year, according to its Feb. 2 earnings announcement.
Ken Jacobson, who served as interim CFO in 2017-18, takes over financial leadership for the electronics distribution giant.
The Phoenix-based global technology solutions provider also reported fiscal 2022 4Q sales of $6.4 billion.
Corporate Controller Kenneth A. Jacobson will succeed Thomas Liguori as CFO effective September 6, the company announced.
Avnet says the strategic partnership with AWS will help OEMs of IoT solutions ‘accelerate their time to market.’
The SciTech Institute is an organization focused on enhancing and promoting the value and importance of STEM education.
The company broke ground on a new manufacturing site in Eschbach and announced plans to build its third European logistics center in Bernburg.
Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.
MDM this year has hosted an array of guests from across the distribution industry, and many of them have reflected similar outlooks: Challenges may persist, but companies are eyeing realistic paths to growth.
The Phoenix-based company’s board of directors recently approved a regular quarterly cash dividend of $0.26 per share.
The company’s 2022 fiscal second-quarter sales were $5.9 billion, up from $4.7 billion the year before and ‘exceeding guidance.’
A smart mix of profitable products and agile procurement strengthens a distributor’s competitive position, Avnet’s Peggy Carrieres discusses in a new MDM podcast.
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The global tech solutions provider has named Dayna Badhorn its regional president for Americas electronics components effective immediately.
The company’s 2022 fiscal 1Q sales were $5.6 billion, up more than $400 million from the previous quarter and 18.2% year over year.
