AVNET
Phoenix, Arizona, United States
Industry: Technology/Electronics
Region: US 🇺🇸
Year Founded: 1921
IPO Date: 8-8-1961
Market Cap: $7.6 billion
Number of Employees: Approx. 15,000
Revenue: $16.5 billion (2020)
Net Income: $203.8 million (2020)
Avnet, Inc.
Avnet IPO
AVNET, a leading global technology solutions provider, went public on October 23, 1961.
Since its initial public offering, the company has established a strong presence in the electronics distribution industry, becoming one of the longest-standing public companies in the sector.
AVNET’s IPO marked a significant milestone in its growth trajectory, enabling the company to expand its operations, attract investors, and capitalize on emerging opportunities in the technology market.
Avnet IPO Prospectus
A prospectus is a formal document required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. You can find Avnet’s Prospectus here.
Company Overview & History
AVNET is a global technology solutions company that connects leading technology manufacturers with a vast network of customers.
With a history spanning over 100 years, AVNET has evolved from a small radio parts shop in New York to a multinational corporation with a presence in more than 125 countries.
The company is committed to guiding customers through every stage of the technology lifecycle, providing innovative products, design and supply chain services, and comprehensive solutions.
Throughout its history, AVNET has demonstrated a strong focus on driving innovation and fostering strategic partnerships.
The company has expanded its portfolio to include a wide range of technologies, such as embedded systems, semiconductors, IoT solutions, and more.
AVNET’s customer-centric approach and deep industry expertise have enabled it to navigate the rapidly evolving technology landscape and deliver value to customers across various industries, including automotive, healthcare, industrial, and consumer electronics.
Financial Performance
| Year | Revenue($B) | Net Income($B) | EBITDA($B) | Operational Cash Flow($B) |
|---|---|---|---|---|
| 2023 | 19.2 | 0.5 | 0.7 | 0.8 |
| 2022 | 18.8 | 0.5 | 0.7 | 0.8 |
| 2021 | 17.6 | 0.2 | 0.5 | 0.6 |
| 2020 | 17.6 | 0.2 | 0.5 | 0.6 |
| 2019 | 19.5 | 0.3 | 0.6 | 0.7 |
| 2018 | 19.0 | 0.3 | 0.6 | 0.7 |
| 2017 | 17.4 | 0.3 | 0.5 | 0.6 |
| 2016 | 26.2 | 0.5 | 0.8 | 0.9 |
| 2015 | 27.5 | 0.5 | 0.8 | 0.9 |
| 2014 | 27.5 | 0.5 | 0.8 | 0.9 |
| 2013 | 25.5 | 0.5 | 0.7 | 0.8 |
| 2012 | 25.7 | 0.5 | 0.7 | 0.8 |
| 2011 | 26.5 | 0.6 | 0.8 | 0.9 |
| 2010 | 19.2 | 0.4 | 0.6 | 0.7 |
| 2009 | 16.6 | 0.3 | 0.5 | 0.6 |
| 2008 | 17.9 | 0.4 | 0.6 | 0.7 |
| 2007 | 15.7 | 0.4 | 0.5 | 0.6 |
| 2006 | 14.3 | 0.3 | 0.5 | 0.6 |
| 2005 | 11.1 | 0.3 | 0.4 | 0.5 |
| 2004 | 10.8 | 0.3 | 0.4 | 0.5 |
| 2003 | 9.1 | 0.2 | 0.3 | 0.4 |
| 2002 | 7.6 | 0.2 | 0.3 | 0.3 |
| 2001 | 7.3 | 0.2 | 0.3 | 0.3 |
| 2000 | 9.2 | 0.2 | 0.3 | 0.4 |
| 1999 | 7.2 | 0.2 | 0.3 | 0.3 |
| 1998 | 6.3 | 0.2 | 0.2 | 0.3 |
| 1997 | 5.1 | 0.1 | 0.2 | 0.2 |
| 1996 | 4.4 | 0.1 | 0.2 | 0.2 |
| 1995 | 3.7 | 0.1 | 0.2 | 0.2 |
| 1994 | 3.2 | 0.1 | 0.1 | 0.2 |
Business Model
AVNET operates as a technology solutions distributor and provides a comprehensive range of products, services, and solutions to customers worldwide.
The company’s business model revolves around three key pillars: distribution, design, and supply chain services.
As a distributor, AVNET collaborates with leading technology manufacturers to source and deliver a diverse range of electronic components, including semiconductors, connectors, and passives.
Through its extensive distribution network, AVNET ensures that customers have access to the latest technology solutions and can quickly obtain the components they need to fuel their innovation.
AVNET’s design services play a vital role in helping customers bring their ideas to life.
The company offers design expertise, engineering support, and technical resources to assist customers in developing customized solutions.
By leveraging its deep industry knowledge and partnerships with leading manufacturers, AVNET helps customers accelerate their time to market and optimize their product designs.
In addition to distribution and design, AVNET provides supply chain services to help customers optimize their operations and reduce costs.
These services encompass inventory management, logistics, and value-added solutions that streamline the supply chain and enhance operational efficiency.
Market Cap Over the Years
| Year | Market Cap($B) |
|---|---|
| 2022 | 4.67 |
| 2021 | 4.32 |
| 2020 | 3.78 |
| 2019 | 3.45 |
| 2018 | 3.21 |
| 2017 | 3.02 |
| 2016 | 2.85 |
| 2015 | 2.71 |
| 2014 | 2.59 |
| 2013 | 2.49 |
Risk Factors
While AVNET has established itself as a prominent player in the technology solutions industry, several risk factors should be considered.
Market volatility and economic uncertainties can impact demand for technology products and services, potentially affecting AVNET’s financial performance.
Additionally, intense competition within the industry may put pressure on pricing, margins, and market share.
AVNET’s business heavily relies on relationships with key technology manufacturers.
Any disruption or deterioration in these partnerships could adversely impact the company’s ability to source and distribute products effectively.
Moreover, as technology continues to evolve rapidly, AVNET faces the challenge of staying ahead of emerging trends and ensuring its offerings remain relevant and competitive.
Market Opportunity
AVNET operates in a dynamic and rapidly expanding technology market, presenting significant opportunities for growth.
The increasing adoption of technologies such as IoT, artificial intelligence, and cloud computing across various industries provides a fertile ground for AVNET to deliver value-added solutions and services.
Furthermore, the ongoing digital transformation across sectors opens up new avenues for AVNET to assist customers in leveraging technology to drive innovation and improve their business operations.
The company’s deep industry expertise positions it well to address the evolving needs of customers and capture market opportunities across geographies.
Competitors
- Arrow Electronics
- Future Electronics
- Premier Farnell
- Digi-Key Electronics
- Mouser Electronics
- Rutronik
- WPG Holdings
- TTI, Inc.
Key/Fun Company Facts
- AVNET was founded in 1921 by Charles Avnet as a small radio parts store in New York City.
- The company’s name, AVNET, is derived from its founder’s initials, Charles Avnet.
- AVNET has a strong commitment to corporate social responsibility and sustainability. The company actively engages in initiatives to reduce its environmental footprint, support local communities, and promote diversity and inclusion.
- AVNET has received numerous industry accolades, including being named one of the World’s Most Admired Companies by Fortune magazine and being recognized for its corporate governance practices.
- The company has a global team of dedicated professionals who work collaboratively to deliver exceptional customer service and drive innovation in the technology solutions space.