NASDAQ$AVT

Avnet Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Delivered quarterly revenues above consensus and generated strong operating cash flow.

Avnet reported Q4 revenues above consensus and generated strong operating cash flow despite challenges from the COVID-19 operating environment. The company is committed to improving bottom-line results and will enhance its core distribution business capabilities in fiscal year 2021.

  • Delivered quarterly revenues above consensus.
  • Generated strong operating cash flow.
  • Committed to improving bottom-line results.
  • Will enhance core distribution business capabilities in fiscal year 2021.

Headline financials

Total Revenue

$4.16B

Previous: $4.68B-11.1%
EPS (adj)

$0.64

Previous: $0.95-32.6%
Capital Expenditures

$12.4M

Previous: $21.3M-42.0%
Free Cash Flow

$275M

Previous: $313M-12.2%
Net Income

$52.2M

Previous: -$31.8M+263.8%
Operating Income

$288M

Previous: -$30M+1058.7%
Gross Profit

$475M

Previous: $595M-20.2%
Cash & Equivalents

$730M

Previous: $546M+33.7%
Total Assets

$8.11B

Previous: $8.56B-5.4%
Stock-Based Comp

$6.08M

Previous: $5.89M+3.1%

Revenue & EPS history

Avnet · Revenue · Quarterly

$4.16B

Q4 2020-11.1%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Avnet · $6.34B total across 2 segments · Q1 2024

  • Electronic Components
    $5.91B-6.5%
  • Farnell
    $421M-1.1%

Forward guidance

The above guidance is based upon market conditions existing as of today, and excludes amortization of intangibles, any potential restructuring, integration, and other expenses and certain income tax adjustments. The above guidance assumes 100 million average diluted shares outstanding and average U.S. Dollar to Euro and GBP currency exchange rates are as shown below

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.4%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.2%

Avg return

30 days after

39%

28 / 71 earnings

Positive

+13.9%

Q2 2026

Best reaction

-13.2%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+4.1%+2.7%+11.1%
Q2 2026+13.9%+20.2%+25.0%
Q1 2026-3.9%-4.7%-6.0%
Q3 2025-8.3%-2.3%-2.4%
Q2 2025+1.5%-5.1%-3.6%
Q1 2025-0.5%-0.8%+0.5%
Q4 2024+6.0%+6.6%+1.6%
Q3 2024-0.5%+1.8%+11.7%
Q2 2024-5.2%-5.8%-0.6%
Q1 2024-2.1%-0.2%+2.4%
Q4 2023+6.4%+7.1%+4.7%
Q3 2023+4.0%+1.4%+9.3%
Q2 2023+2.3%+1.3%-0.7%
Q1 2023-2.2%-0.4%+11.8%
Q4 2022-4.1%-1.4%-5.9%
Q3 2022+12.4%+13.1%+23.9%
Q2 2022+3.3%+4.4%+9.1%
Q1 2022+4.1%+8.2%+1.5%
Q4 2021-0.4%-3.2%-7.5%
Q3 2021-0.5%-1.4%-0.7%
Q2 2021-7.4%-5.0%-1.8%
Q1 2021-5.2%-0.9%+17.9%
Q4 2020+1.0%-0.3%-2.7%
Q3 2020+3.5%+5.9%+1.7%
Q2 2020+1.1%-4.2%-14.2%
Q1 2020-4.2%-2.2%-1.2%
Q4 2019-1.1%-1.1%+4.9%
Q3 2019+1.2%+2.4%-10.7%
Q2 2019+1.3%-0.4%+10.7%
Q1 2019-2.9%+1.7%+11.3%
Q4 2018+4.8%+3.4%+7.6%
Q3 2018-2.7%-2.5%-4.1%
Q2 2018+2.1%+0.2%-0.4%
Q1 2018-0.0%-0.7%+0.2%
Q4 2017-3.9%-2.2%-3.8%
Q3 2017-13.2%-15.9%-17.7%
Q2 2017-1.5%-2.5%-2.5%
Q1 2017-1.7%-1.4%+10.1%
Q4 2016-0.4%+0.8%-3.4%
Q3 2016-7.9%
Q2 2016+1.4%
Q1 2016+0.9%
Q4 2015+4.8%
Q3 2015-4.4%
Q2 2015+2.5%
Q1 2015+4.3%
Q4 2014-5.7%
Q3 2014-8.5%
Q2 2014-5.8%
Q1 2014-5.8%
Q4 2013+1.2%
Q3 2013-3.6%
Q2 2013+10.2%
Q1 2013+2.0%
Q4 2012-0.9%
Q3 2012-1.1%
Q2 2012+3.6%
Q1 2012-4.5%
Q4 2011-3.1%
Q3 2011+2.1%
Q2 2011+1.1%
Q1 2011-0.7%
Q4 2010-2.0%
Q4 2008-2.0%
Q3 2010-3.2%
Q3 2009-3.2%
Q2 2010-0.4%
Q1 2009-0.2%
Q4 2009-0.2%
Q1 2010-0.2%
Q2 2009-0.2%

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