Phoenix, AZ-based Avnet, Inc. reported sales of $17.95 billion for fiscal year end 2008, up 14.5% over fiscal year 2007. Profit improved 27% to $499.1 million. Organic growth was 4.9% over the prior year.
For the fourth quarter ended June 28, 2008, sales were $4.68 billion, an increase of 10.4% over the same period the prior year. Profit was $144.1 million, up 15.6%.
CEO Roy Vallee said, In fiscal 2008, our focus on value based management and value creating M&A resulted in record financial results despite the challenging macro-economic forces impacting our markets.”
Avnet completed seven acquisitions in fiscal year 2008.
Electronics Marketing sales were up 10.8% to $2.73 billion in the fourth quarter, included positive impact from …
Avnet Sales at $17.9B in Fiscal 2008, Up 14.5%
Phoenix, AZ-based Avnet, Inc. reported sales of $17.95 billion for fiscal year end 2008, up 14.5% over fiscal year 2007. Profit improved 27% to $499.1 million. Organic growth was 4.9% over the prior year.
For the fourth quarter ended June 28, 2008, sales were $4.68 billion, an increase of 10.4% over the same period the prior year. Profit was $144.1 million, up 15.6%.
CEO Roy Vallee said, In fiscal 2008, our focus on value based management and value creating M&A resulted in record financial results despite the challenging macro-economic forces impacting our markets.”
Avnet completed seven acquisitions in fiscal year 2008.
Electronics Marketing sales were up 10.8% to $2.73 billion in the fourth quarter, included positive impact from …
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- Filed In: Companies, Electrical, Free, News, Subscriber Only, Top Distributor Sectors
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