NASDAQ$AVT
Avnet Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported sales increased and earnings per share decreased year over year.
Avnet reported a 2.9% increase in sales to $6.6 billion, driven by growth in the Americas and EMEA regions, while diluted EPS decreased to $1.68. The Electronic Components segment's operating income margin improved, but the Farnell segment's margin decreased sequentially.
- Sales of $6.6 billion increased 2.9% year over year.
- Diluted earnings per share was $1.68, compared to $2.51 in the prior year quarter.
- Electronic Components operating income margin of 5.1% increased 77 basis points year over year.
- Generated $234.5 million of cash flow from operations during the quarter.
Headline financials
Revenue & EPS history
Avnet · Revenue · Quarterly
$6.56B
Revenue by segment
Avnet · $6.55B total across 2 segments · Q4 2023
- Electronic Components$6.11B+3.0%93.2%
- Farnell$445M+0.7%6.8%
Forward guidance
For the first quarter of fiscal 2024, Avnet expects sales between $6.15B and $6.45B, and adjusted diluted EPS between $1.45 and $1.55.
Tailwinds
- Guidance is based upon current market conditions.
- Assumes a mix shift in sales to Asia from the Western regions.
- Excludes restructuring, integration and other expenses.
- Excludes amortization of intangibles, gains on legal settlements and certain income tax adjustments.
- Assumes similar interest expense to the fourth quarter and an effective tax rate of between 22% and 26%.
Headwinds
- Implies a sequential growth rate range of down 2% to down 6%.
- Guidance excludes restructuring expenses.
- Guidance excludes integration expenses.
- Guidance excludes amortization of intangibles.
- Guidance excludes gains on legal settlements.
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 2023
-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
| Quarter | Report date | Reaction (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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