DividendsAvnet announced a 6% dividend increase and raised its share repurchase authorization to $600 million.
Financial PerformanceDespite a challenging operating environment, Avnet delivered fourth-quarter revenue of $5.6 billion, above the high end of its guidance range, and an EPS of $1.22, in line with the high end of guidance.
Growth PotentialAsia continues to be a relative bright spot with revenue up in all product groups.