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Avnet, Inc.

Industry: Electronic Instruments Controls

Fortune Rank: 142

Avnet distributes B2B semiconductors, interconnect, passive & electromechanical components, enterprise network & computer equipment & embedded subsystems. For the FY ended 7/02/05, sales rose 8% to $11.07B. Net income totaled $168.2M, up from $72.9M. Revenues reflect rise in Electronics Marketing & Technology Solutions segments. Higher net income reflects absence of restructuring charge, lower interest expense & higher operating margins.

Avnet, Inc. (Avnet) is an industrial distributor of electronic components, enterprise network and computer equipment and embedded subsystems. Memec Group Holdings Limited (Memec) was acquired by Avnet on July 5, 2005. Avnet creates a link in the technology supply chain that connects over 300 electronic component and computer product manufacturers and software developers as a single source for multiple products for a global customer base of over 100,000 original equipment manufacturers (OEMs), contract manufacturers, original design manufacturers, value-added resellers (VARs) and end users. In addition, Avnet provides engineering design, materials management and logistics services, system integration and configuration, and supply chain advisory services. Avnet is comprised of two operating groups called Electronics Marketing (EM) and Technology Solutions (TS).

Avnet, Inc.

Avnet, Inc. achieved revenue of $16,229.90 million in 2010 but posted a loss of $-1,122.50 million.

Avnet, Inc.' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 142nd compared to 144th in 2009. This was based on its 2009 revenue of $17,953 million (a change of -1 million compared to 2010) and profits of $499 million (a change of $-500 million compared to 2009).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Avnet, Inc. would be ranked 469th rather than 142nd due to the fact it made a loss of $-1,123 million in 2010.

* US$ Million

• Address
  • Avnet, Inc.
    2211 South 47th Street
    Phoenix
    AZ
    85034
• Contact Details
  • Phone: 480-643-2000
  • Fax: 480-643-7370
  • Website: www.avnet.com
  • Stock Symbol: AVT

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