Avnet Reports Third Quarter Fiscal 2021 Financial Results

Historical Segment Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2021

 

 

Fiscal

 

Third Quarter

 

Second Quarter

 

First Quarter

 

 

Year to Date

 

April 3,

 

January 2,

 

October 3,

 

 

2021*

 

2021

 

2021

 

2020

 

 

(in millions)

Sales:

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

13,245.1

 

 

$

4,520.6

 

 

$

4,342.4

 

 

$

4,382.2

 

Farnell

 

 

1,062.8

 

 

 

396.1

 

 

 

325.8

 

 

 

340.9

 

Avnet sales

 

$

14,307.9

 

 

$

4,916.7

 

 

$

4,668.2

 

 

$

4,723.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

306.9

 

 

$

118.6

 

 

$

103.9

 

 

$

84.4

 

Farnell

 

 

50.4

 

 

 

23.9

 

 

 

14.6

 

 

 

12.0

 

 

 

 

357.3

 

 

 

142.5

 

 

 

118.5

 

 

 

96.4

 

Corporate expenses

 

 

(102.1

)

 

 

(31.9

)

 

 

(39.0

)

 

 

(31.3

)

Restructuring, integration and other expenses

 

 

(55.9

)

 

 

(17.6

)

 

 

(11.9

)

 

 

(26.4

)

Amortization of acquired intangible assets and other

 

 

(35.9

)

 

 

(5.3

)

 

 

(10.4

)

 

 

(20.2

)

Avnet operating income

 

$

163.4

 

 

$

87.7

 

 

$

57.2

 

 

$

18.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales by geographic area:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

3,468.1

 

 

$

1,161.0

 

 

$

1,101.5

 

 

$

1,205.7

 

EMEA

 

 

4,412.6

 

 

 

1,585.6

 

 

 

1,346.3

 

 

 

1,480.7

 

Asia

 

 

6,427.2

 

 

 

2,170.1

 

 

 

2,220.4

 

 

 

2,036.7

 

Avnet sales

 

$

14,307.9

 

 

$

4,916.7

 

 

$

4,668.2

 

 

$

4,723.1

 

_________________________

* May not foot/cross foot due to rounding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2020

 

 

 

 

Quarters Ended

 

 

 

 

Fourth Quarter

 

Third Quarter

 

Second Quarter

 

First Quarter

 

 

Fiscal Year

 

June 27,

 

March 28,

 

December 28,

 

September 28,

 

 

2020*

 

2020*

 

2020*

 

2019

 

2019

 

 

(in millions)

Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

16,340.1

 

 

$

3,867.6

 

 

$

3,974.7

 

 

$

4,203.6

 

 

$

4,294.2

 

Farnell

 

 

1,294.2

 

 

 

292.1

 

 

 

335.1

 

 

 

331.2

 

 

 

335.8

 

Avnet

 

$

17,634.3

 

 

$

4,159.7

 

 

$

4,309.8

 

 

$

4,534.8

 

 

$

4,630.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

349.1

 

 

$

58.9

 

 

$

84.8

 

 

$

93.1

 

 

$

112.3

 

Farnell

 

 

75.5

 

 

 

10.4

 

 

 

23.4

 

 

 

20.0

 

 

 

21.8

 

 

 

 

424.6

 

 

 

69.3

 

 

 

108.2

 

 

 

113.1

 

 

 

134.1

 

Corporate expenses

 

 

(121.6

)

 

 

(26.3

)

 

 

(37.8

)

 

 

(30.9

)

 

 

(26.7

)

Restructuring, integration and other expenses

 

 

(81.9

)

 

 

(23.8

)

 

 

(19.2

)

 

 

(14.3

)

 

 

(24.6

)

Goodwill and long-lived asset impairment expenses

 

 

(144.1

)

 

 

1.7

 

 

 

(145.8

)

 

 

-

 

 

 

-

 

Amortization of acquired intangible assets and other

 

 

(81.6

)

 

 

(19.0

)

 

 

(21.1

)

 

 

(21.4

)

 

 

(20.1

)

Avnet operating (loss) income

 

$

(4.6

)

 

$

1.9

 

 

$

(115.8

)

 

$

46.5

 

 

$

62.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales by geographic area:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

4,755.3

 

 

$

1,149.3

 

 

$

1,203.6

 

 

$

1,186.6

 

 

$

1,215.8

 

EMEA

 

 

5,753.4

 

 

 

1,344.2

 

 

 

1,512.5

 

 

 

1,425.8

 

 

 

1,470.9

 

Asia

 

 

7,125.6

 

 

 

1,666.2

 

 

 

1,593.7

 

 

 

1,922.4

 

 

 

1,943.3

 

Avnet

 

$

17,634.3

 

 

$

4,159.7

 

 

$

4,309.8

 

 

$

4,534.8

 

 

$

4,630.0

 

_________________________

* May not foot/cross foot due to rounding


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