AVNET, INC. (NYSE:AVT) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On April 27, 2017, Avnet, Inc. (the Company) issued a press
release announcing its third quarterresults of operations for
fiscal 2017.A copy of the press release is attached hereto as
Exhibit 99.1. A discussion on the impact of foreign currency on
the Companys results of operations, the definition of organic
sales and a reconciliation of non-GAAP financial information is
attached hereto as Exhibit 99.2. Each exhibit is incorporated by
The information in this Current Report on Form 8-K and the
exhibits attached hereto are being furnished and shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of
that section, nor shall they be deemed incorporated by reference
in any filing under the Securities Act of 1933 except as shall be
expressly set forth in such filing.
Item 9.01 Financial Statements and Exhibits.
The following materials are attached as exhibits to this Current
Report on Form 8-K:
Press Release, dated April 27, 2017.
Supplemental and Non-GAAP Financial Information.
About AVNET, INC. (NYSE:AVT)
Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology solutions and services, and embedded subsystems. The Company operates through two segments: Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and solutions from the technology manufacturers and software developers. It also provides hard disk drives, microprocessor, motherboard and dynamic random access memory module technologies to manufacturers of general-purpose computers and system builders. It has operations in the Americas; Europe, the Middle East and Africa (EMEA), and Asia/Pacific, consisting of Asia, Australia and New Zealand (Asia). AVNET, INC. (NYSE:AVT) Recent Trading Information
AVNET, INC. (NYSE:AVT) closed its last trading session down -3.50 at 41.08 with 1,640,950 shares trading hands.