Avnet, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 Ending December 30, 2023
November 01, 2023 at 04:09 pm EDT
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Avnet, Inc. provided earnings guidance for the second quarter of fiscal 2024 ending December 30, 2023. For the period, the company expects sales to be in the range of $6.00 billion and $6.30 billion or midpoint of $6.15 billion.
Avnet, Inc. is a global electronic component technology distributor and solutions provider. The Company markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. Its primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from industrial to automotive to defense and aerospace. EC offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, new product introduction, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, primarily through an e-commerce channel.
AVNET, INC. 
