Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the fiscal year ended July 2 of $26.2 billion, a 6.1 percent decrease over the same period a year ago. Profit decreased 11.4 percent to $506.5 million.
For the fourth quarter, sales were $6.2 billion, down 8.4 percent year-over-year. Profit decreased 39 percent to $96.8 million.
Electronics marketing sales for the fiscal fourth quarter were down 8.7 percent year-over-year to $3.9 billion, while technology solutions sales were down 7.8 percent to $2.3 billion.