Avnet Inc. (NYSE: AVT), Phoenix, AZ, No. 1 on MDM's 2015 list of top electronics distributors, reported sales for the second quarter ended Jan. 2 of $6.8 billion, down 9.3 percent over the same period a year ago. Profit decreased 4.7 percent to $156 million.
Electronics marketing sales for the quarter were down 7.2 percent year-over-year to $4.1 billion, and technology solutions sales were down 12.3 percent to $2.7 billion.
Year-to-date, sales decreased 4 percent year-over-year to $13.8 billion. Profit decreased 1.8 percent to $286.3 million.