Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
Avnet Inc (AVT) Q4 2024 Earnings Call Highlights: Navigating Market Challenges...
Fiscal Year 2024 Revenue: $23.8 billion.Fourth Quarter Revenue: $5.6 billion.Diluted Earnings Per Share (FY 2024): $5.43.Fourth Quarter Adjusted Operating Margin: 3.5%.Electronic Components Operating Margin (Q4): 4.1%.Gross Margin (Q4): 11.6%.SG&A Expenses (Q4): $450 million.Adjusted Operating Income (Q4): $193 million.Interest Expense (Q4): $64 million.Adjusted Effective Income Tax Rate (Q4): 15%.Adjusted Diluted Earnings Per Share (Q4): $1.22.Cash from Operations (Q4): $274 million.CapEx (Q4): $26 million.Share Repurchases (Q4): $79 million.Dividend Paid (Q4): $0.31 per share.Guidance for Q1 FY 2025 Revenue: $5.25 billion to $5.55 billion.Guidance for Q1 FY 2025 EPS: $0.80 to $0.90.