Avnet Reports Third Quarter Fiscal 2020 Financial Results
Avnet, Inc. (AVT)
Last avnet, inc. earnings: 4/27 04:05 pm
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US:NYSE Investor Relations:
ir.avnet.com/investor-relations
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Source: Business Wire
Third quarter sales of $4.3 billionOperating cash flow of $98 million; improved debt profile with debt reduction of $92 million PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for its third fiscal quarter ended March 28, 2020.Third Quarter Key Financial Highlights:Sales of $4.3 billion compared with $4.7 billion a year ago.GAAP diluted loss per share from continuing operations of $1.29, compared with EPS of $0.87 a year ago.Non-GAAP adjusted diluted EPS of $0.38 compared with $1.09 a year ago.Foreign exchange rates negatively impacted adjusted diluted EPS by $0.03, compared to prior year.Incurred $160 million of goodwill and other impairment expenses due to the impacts of the COVID-19 outbreak and the corresponding decline in Avnet’s share price.GAAP operating loss totaled $115.8 million, compared with GAAP operating income of $153.1 million a year ago.Adjusted operating income declined 60.5% year over year to $70.4 million.GAAP operating loss margin was
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News
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- Avnet (NASDAQ:AVT) had its price target raised by analysts at Truist Financial Corporation from $54.00 to $55.00. They now have a "hold" rating on the stock.MarketBeat
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Earnings
- 10/29/25 - Beat
AVT
Sec Filings
- 11/21/25 - Form 8-K
- 11/10/25 - Form 4
- 10/31/25 - Form 10-Q
- AVT's page on the SEC website