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Avnet Inc [AVT] reports $59 million quarterly net profit

Avnet Inc [AVT] reports $59 million quarterly net profit

Company generates $5.6 billion in revenue

By USinMinutes
Published - Nov 01, 2024, 07:46 AM ET
Last Updated - Nov 05, 2024, 01:41 PM EST

Avnet Inc Avnet Inc [AVT] has reported $59 million quarterly profit, an decrease of $29.9 million from the previous quarter, the company said in a filing to the SEC for the Q1 ended Sep 28, 2024.

Avnet reported the quarterly diluted earnings per share (EPS) fell by -31.96 percent to $0.7 from $1 in the previous quarter.

Dollars in millions
Sep 28, 2024    Jun 29, 2024    Mar 30, 2024    Dec 30, 2023   

Income Statement

Revenue $5,604.2  $23,757.1  $5,653.6  $6,204.9 
Operating Profit $142.2  $844.4  $190.2  $236.3 
Net Income $59.0  $498.7  $88.8  $117.9 
Net Cash -$43.4  $22.7  -$69.8  -$15.4 
Gross Margin $607.4  $2,766.4  $669.3  $706.2 
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues1030.20 554.73 753.40 11.38 
Profit as % of Assets0.65 2.77 0.99 0.93 
Profit as % of Stockholder Equity1.17 10.12 1.78 2.35 
Return on Equity1.17 10.12 1.78 2.35 
Return on Assets0.47 4.08 0.72 0.91 
Turnover Ratio61.58 132.11 62.89 0.49 
EBITA$142.2 $844.4 $190.2   

Balance Sheet

Total Assets $12,597.6  $12,209.1  $12,325.2  $12,997.2 
Total Liabilities $7,559.8  $7,283.6  $7,336.1  $7,986.8 

Cash Flow Statement

Operating Cash Flow $106.3  $690.0  $415.7  -$83.6 
Investing Cash Flow -$31.4  -$225.5  -$199.6  -$157.7 
Financing Cash Flow -$109.4  -$433.8  -$284.5  $222.6 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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