Business
Avnet Reports Fourth Quarter and Fiscal 2025 Financial Results
Fourth quarter sales of $5.6 billion and diluted EPS of $0.07 Adjusted diluted EPS of $0.81 for the fourth quarter Farnell returns to year-over-year sales
About this update from Avnet, Inc.
[{"type":"text","content":"\nFourth quarter sales of $5.6 billion and diluted EPS of $0.07\n\n\nAdjusted diluted EPS of $0.81 for the fourth quarter\n\n\nFarnell returns to year-over-year sales and operating income margin growth\n\n\n PHOENIX--(BUSINESS WIRE)--\nAvnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year 2025 ended June 28, 2025.\n\n\n“In fiscal year 2025, we executed well given the overall market environment, and I want to express my gratitude to our team for their dedication in supporting our supplier and customer partners. Thanks to their efforts, we managed costs effectively and made progress on working capital optimization to enhance operating cash flow,” said Avnet Chief Executive Officer Phil Gallagher. “We remain optimistic about the recovery led by steady growth in our Asia region and the return of Farnell to year-over-year growth, which enabled us to surpass the high end of our fourth-quarter sales and earnings guidance. We are encouraged by these positive signals as we start the new fiscal year.”\n\n\nFiscal Fourth Quarter Key Financial Highlights:\n\n\n\nSales of $5.6 billion, compared with $5.6 billion in the prior year quarter.\n\n\nFourth consecutive quarter of year-over-year sales growth in Asia.\n\n\n\n\n\n\nDiluted earnings per share of $0.07, compared with $0.91 in the prior year quarter.\n\n\nAdjusted diluted earnings per share of $0.81, compared with $1.22 in the prior year quarter.\n\n\n\n\n\n\nOperating income margin of 1.3%, compared with 3.0% in the prior year quarter.\n\n\nAdjusted operating income margin of 2.5%, compared with 3.5% in the prior year quarter.\n\n\n\n\n\n\nGenerated $139 million of cash flow from operations.\n\n\n\nReturned $50 million to shareholders from share repurchases, representing 1.3% of shares outstanding.\n\n\n\nReturned $28 million to shareholders in dividends.\n\n\n\nFiscal 2025 Key Financial Highlights:\n\n\n\nSales of $22.2 billion, compared with $23.8 billion in the prior year.\n\n\n\nDiluted earnings per share of $2.75, compared with $5.43 in the prior year.\n\n\nAdjusted diluted earnings per share of $3.44, compared with $5.34 in the prior year.\n\n\n\n\n\n\nOperating income margin of 2.3%, compared with 3.6% in the prior year.\n\n\nAdjusted operating income margin of 2.8%.\n\n\n\n\n\n\nGenerated $725 million of cash flow from operations.\n\n\n\nReturn...