Avnet(US:AVT)2023-08-16 21:57Financial Performance - Avnet exceeded the high end of sales and adjusted EPS guidance for Q4 FY23[5] - Adjusted operating income grew three times faster than revenue year-over-year, reaching 4.8%[8] - The company achieved record EPS in FY23[11] - Operating income grew two times greater than revenues in FY23[11] - Q4 FY23 reported revenues were $6.6 billion[14] - Adjusted diluted EPS for Q4 FY23 was $2.06[22] Revenue Analysis - Q4 FY23 revenue was $6.55 billion, a 2.9% increase in constant currency compared to Q4 FY22 ($6.37 billion)[12] - EMEA region achieved record sales of $2.45 billion in Q4 FY23[12] - Year-over-year revenue growth in constant currency: EMEA +17%, Americas +7%, Asia -11%[12] Q1 FY24 Outlook - The company projects sales between $6.15 billion and $6.45 billion for Q1 FY24[27] - Adjusted diluted EPS is expected to be between $1.45 and $1.55 for Q1 FY24[27]