The 2020 Mid-Year Economic Update_long

Avnet Sales Up 8% in Fiscal 2014

Profit increased 21 percent year-over-year.

Avnet, Inc. (NYSE: AVT), Phoenix, AZ, No. 1 on MDM's 2014 list of top electronics distributors, reported sales for the fiscal year ended June 28 of $27.5 billion, an 8 percent increase over the same period a year ago. Profit increased 21 percent to $545.6 million.

“Led by double digit growth in our electronics marketing businesses in Asia and EMEA, enterprise revenue increased 8 percent and organic revenue was up 5 percent,” said Rick Hamada, CEO.

For the fourth quarter, sales were $7 billion, up 6.9 percent over the same period one year ago. Profit increased 47.7 percent to $186.3 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.