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The company broke ground on a new manufacturing site in Eschbach and announced plans to build its third European logistics center in Bernburg.
Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.
MDM this year has hosted an array of guests from across the distribution industry, and many of them have reflected similar outlooks: Challenges may persist, but companies are eyeing realistic paths to growth.
The Phoenix-based company’s board of directors recently approved a regular quarterly cash dividend of $0.26 per share.
The company’s 2022 fiscal second-quarter sales were $5.9 billion, up from $4.7 billion the year before and ‘exceeding guidance.’
A smart mix of profitable products and agile procurement strengthens a distributor’s competitive position, Avnet’s Peggy Carrieres discusses in a new MDM podcast.
Distributors are scrambling to reinforce bench strength as market conditions look good. Here’s what Fastenal, Ferguson, Avnet and others are sharing with MDM on how they’re adapting.
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The ups and downs of COVID-19 made distributors re-think how they use technology to connect with customers; that’s likely to accelerate in 2022.
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The global tech solutions provider has named Dayna Badhorn its regional president for Americas electronics components effective immediately.
The company’s 2022 fiscal 1Q sales were $5.6 billion, up more than $400 million from the previous quarter and 18.2% year over year.
The former Micron Technology CFO will serve on the Avnet board’s audit and finance committees.
In the fourth quarter, Avnet’s profit totaled $85.36 million compared to $52.16 million in last year's fourth quarter.
Year to date, sales increased 6.2% to $14.3 billion for the Phoenix, Arizona-based electronics distribution giant Avnet.
Year to date, sales increased 2.5% to $9.4 billion for the Phoenix, Arizona-based electronics distribution giant Avnet.
Gallagher, who has been with Avnet for 37 years, had been serving as interim CEO since August
Phoenix-based electronics distribution giant Avnet reports a loss of $18.9 million in the fiscal first quarter.
August has brought some more good news to the U.S. economy in general and distribution in general based on the latest round of data reports showing continued momentum, but the industry has plenty of work yet to complete.
Fourth quarter sales down 7.5% year-over-year for electronics distribution giant Avnet.
Electronics distributor Avnet names Phil Gallagher as interim replacement for outgoing CEO Bill Amelio and also announces preliminary fourth-quarter financial results.
