Avnet (AVT) Tops Q1 EPS by 5c, Offers Q2 and FY Guidance
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Avnet Reports First Quarter Fiscal 2018 Results
October 26, 2017 7:00 AM EDTPHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced results for the first quarter ended September 30, 2017.
First Quarter Results
Sales of $4.7 billion exceeded expectations and increased 13.2% year over year Organic sales increased 3.5% in constant currency from the year ago quarter Diluted earnings per share (EPS) from continuing operations of $0.47 Adjusted diluted EPS from continuing operations of $0.76 Returned $94 million of cash to shareholders via our share repurchase and dividend programs     First Quarters Ended September 30, 2017  October 1, 2016 (1)  Change ÂOrganicGrowth
Avnet$ in millions, except per share data
Sales $ 4,660.9 $ 4,118.1 13.2 % 4.8 % Constant Currency (2) 11.8 % 3.5 % Americas 1,185.5 1,250.5 (5.2) % (14.5) % EMEA... More