Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the fiscal year ended July 1 of $17.4 billion, a 4.2 percent increase over the same period a year ago. Profit increased 3.7 percent to $525.3 million.
For the fourth quarter, sales were $4.6 billion, up 16.1 percent year-over-year. Profit decreased 15.9 percent to $81.4 million. Organic sales increased 8.4 percent in constant currency.
Electronics marketing sales for the fiscal fourth quarter were up 7.4 percent year-over-year to $4.3 billion, while Premier Farnell sales were $345.7 million.