Avnet (AVT) Tops Q4 EPS by 7c, Offers Q1 Guidance
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Avnet Reports Fourth Quarter and Fiscal Year 2017 Results
August 9, 2017 6:45 AM EDTPHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced results for the fourth quarter and fiscal year ended July 1, 2017.
Fourth Quarter Results
Sales of $4.6 billion increased 16.1% year over year Organic sales increased 8.4% in constant currency from the year ago quarter Diluted earnings per share (EPS) from continuing operations of $0.59 Adjusted diluted EPS from continuing operations of $0.84 Cash generated from operations of $81 million    Fourth Quarters Ended          Organic July 1, 2017 July 2, 2016 Change Growth Avnet(1)Â
$ in millions, except per share data
Sales $ 4,606.4 $ 3,969.0 16.1 % 6.8 % Constant Currency(2) 17.9 % 8.4 % Americas 1,332.2 1,105.0 20.6 % 7.2 % EMEA 1,651.0 1,293.1 27.7 % 13.3 %... More