Earnings Call Summary | Avnet(AVT.US) Q3 2024 Earnings Conference
Earnings Call Summary | Avnet(AVT.US) Q3 2024 Earnings Conference
The following is a summary of the Avnet, Inc. (AVT) Q3 2024 Earnings Call Transcript:
以下是安富利公司(AVT)2024年第三季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Avnet's Q3 2024 revenue stood at $5.7 billion, with a reported adjusted operating margin of 3.6%, particularly a 4.1% operating margin from the Electronic Components arm.
The company managed to generate about $500 million in cash from operations.
Earnings per share were reported to be $1.10 with 11.8% in gross margins.
Notably, Avnet managed to decrease its total company debt by $495 million.
Despite market challenges, Avnet reported a decrease in inventory levels and increased demand within the global transportation end market.
安富利2024年第三季度收入为57亿美元,调整后的营业利润率为3.6%,尤其是电子元件部门的4.1%的营业利润率。
该公司设法从运营中产生了约5亿美元的现金。
据报道,每股收益为1.10美元,毛利率为11.8%。
值得注意的是,安富利成功地将其公司债务总额减少了4.95亿美元。
尽管存在市场挑战,但安富利报告称,库存水平下降,全球运输终端市场的需求增加。
Business Progress:
业务进展:
Avnet has seen sequential improvements within the defense and data center markets.
The company signaled potential growth within its Asia region for the remainder of 2024.
Avnet has cost-cutting strategies in place, focused on areas like warehousing, freight, marketing, and headcount at Farnell.
The company plans to continue investment in areas like demand creation, IP&E, and embedded computing.
A leadership change at Farnell was announced, with President Chris Breslin set to exit the company.
Avnet is expecting a $40 million annual run-rate due to cost reductions, expected to impact the 2025 fiscal year.
Avnet aims to maintain components operating margins around 4% and will return for share buybacks in Q4.
The company projects potential bounce-backs in Europe starting H2 2024 and into 2025.
安富利在国防和数据中心市场取得了连续改善。
该公司表示,其亚洲地区将在2024年剩余时间内实现潜在增长。
安富利已经制定了削减成本的战略,重点放在仓储、货运、营销和法内尔员工人数等领域。
该公司计划继续投资需求创造、知识产权和嵌入式计算等领域。
法内尔宣布了领导层变动,总裁克里斯·布雷斯林准备退出该公司。
安富利预计,由于成本降低,年运营率将达到4000万美元,预计将影响2025财年。
安富利的目标是将零部件的营业利润率维持在4%左右,并将在第四季度进行股票回购。
该公司预计,从2024年下半年到2025年,欧洲可能会出现反弹。
More details: Avnet IR
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