Avnet Reports Fiscal Fourth Quarter and 2018 Financial Results_《时代人物》杂志社唯一官方网站_http://www.ems86.com/index.php
 
时代品牌
 
Avnet Reports Fiscal Fourth Quarter and 2018 Financial Results
投稿信箱:ems9586@163.com   编辑部:电话:010-86109586广告部:电话:010-86109586发行部:电话:010-86109586
Avnet Reports Fiscal Fourth Quarter and 2018 Financial Results
Fourth quarter sales rose 10 percent year over year
Transformation delivered cash flow from operations of $236 million, the highest in five years

 
PHOENIX - Media OutReach - 21 AUGUST 2018 - Avnet, Inc. (Nasdaq: AVT) announced results for the fourth quarter and fiscal year ended June 30, 2018.
 
Fourth Quarter Key Financial Highlights
Sales of $5.06 billion increased 9.8% year over year
o  Sales grew 6.7% year over year in constant currency
GAAP operating income margin of 2.5%
o  Non-GAAP adjusted operating income margin improved year over year to 3.7%
GAAP diluted EPS from continuing operations of $0.49
o  Non-GAAP diluted EPS of $0.99 increased 18% year over year
Delivered the strongest adjusted operating income dollars and margin performance in five quarters
Net working capital days improved sequentially by 7 days, from 93 to 86, and improved 14 days from the second quarter
Cash flow from operations reached $236 million

CEO Commentary
"We closed fiscal 2018 with great momentum in revenue growth, earnings and cash flow generation," said Bill Amelio, Chief Executive Officer, Avnet. "Avnet's unique ecosystem gives our customers access to an unparalleled suite of capabilities. We can now guide our enterprise and startup customers alike from idea to product and product to market. We do this by reducing complexity and delivering solutions that get products to market quickly and cost effectively. Our ecosystem is foundational, and when coupled with our ongoing transformation initiatives, we see a very exciting road ahead."

CFO Commentary
"Our transformation efforts are contributing meaningfully toward our goals of growing Avnet's higher margin businesses, reducing our expenses and optimizing working capital. This progress culminated in $236 million of cash flow from operations in the fourth quarter, Avnet's best operating cash flow performance in five years," stated Tom Liguori, Chief Financial Officer, Avnet. "Our focus on optimizing operating expenses resulted in an additional $37 million of savings being implemented at the end of the fourth quarter to further streamline expenses as we enter fiscal year 2019."

For the full press release, please visit: https://news.avnet.com/press-release/avnet/avnet-reports-fiscal-fourth-quarter-and-2018-financial-results
 
All brands and trade names are trademarks or registered trademarks, and are the properties of their respective owners. Avnet disclaims any proprietary interest in marks other than its own.
 
Follow Avnet on Twitter: @Avnet
Connect with Avnet on LinkedIn: http://www.linkedin.com/company/avnet
Connect with Avnet on Facebook: http://www.facebook.com/AvnetInc
 
About Avnet
From idea to design and from prototype to production, Avnet supports customers at each stage of a product's lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology.
2018-08-21 14:11:56 - www.ems86.com
IBTM China 2018 - 把握中国商务会奖旅游行业脉搏 打造业务洽谈、人脉拓展的优质高效平台 8/17
Watts Miners Announces State-of-the-Art Cryptocurrency Mining Technology for BTC, ETH, LTC, DASH and XMR 8/14
Avnet Reports Fiscal Fourth Quarter and 2018 Financial Results 8/21
【香港首創】富途證券全線上開戶,送一世免佣及$100八達通 8/23
交易挖礦的ABCC交易所,開啟100萬充值空投活動 8/17
 

组织机构

主管单位:陕西人民出版社有限责任公司

主办单位:陕西人民出版社有限责任公司

编辑出版:《时代人物》杂志社

国内统一刊号:CN61-1455/C

国际标准刊号:ISSN 1674-0645

邮发代号:52-251

 

社址:西安市雁塔区丈八一路汇鑫IBC大厦     

投稿电话:029- 86191817  86618685  

投稿信箱:87610500@163.com 

网址: http://www.ems86.com

微信号:13571876017     ems9588

中国知网数据库往期收录链接如下:http://navi.cnki.net/knavi/JournalDetail?pcode=CJFD&pykm=SDRW

收录证书

中国知网收录证书
维普资讯网收录证书
万方数据库收录证书
龙源期刊网收录证书
关于我们 在线投稿 汇款方式 全站搜索 友情链接

        说明:部分文章源于网络转载,原作者无法查证,如有侵犯版权或不同意网络资源共享,请联系指出,我们会立即进行改正或删除有关内容。
        咨询电话:029-86191817 86618685   投稿信箱:ems9586@163.com