Avnet, Inc., Phoenix, Ariz., technology distributor and solutions provider, reported sales for its fiscal 2023 second quarter ended Dec. 31, 2022, were $6.7 billion, up 14.5% from the prior-year period.
Don’t miss any content from Distribution Strategy Group. Join our list.
Net profit for the quarter was $243.9 million, up 61.7% from the prior-year period.
“We delivered another strong quarter of sales and earnings to close out 2022,” said Phil Gallagher, Avnet CEO. “This past year, we were able to accelerate our sales growth, expand operating margins and gain market share thanks in large part to our customers’ partnership and our employees’ dedication and commitment. As we head into 2023, we are closely monitoring near-term market dynamics and remain encouraged about the medium-term growth opportunities across our diverse end-markets.”
Share this article:
