Revenue and EPS Achievement
Avnet achieved sales of $5.3 billion, near the high end of guidance, and adjusted EPS of $0.84, exceeding expectations.
Improved Cash Flow
Generated $141 million of cash flow from operations in the quarter, showing strong financial management.
Growth in Asia
Sales in Asia increased by 13% year-over-year, marking the third consecutive quarter of growth in this region.
Farnell's Positive Performance
Farnell's sales increased 6% sequentially and operating income rose by 3%, indicating a stabilization and slight improvement.
Tariff Mitigation Strategies
Developed strategies to mitigate the impact of tariffs, including leveraging global logistics and offering alternative products.