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TheStreet Open House

Avnet's CEO Discusses Q4 Results - Earnings Call Transcript

Start Time: 02:00

End Time: 03:02

Avnet, Inc. (AVT)

Q4 2012 Earnings Call

August 8, 2012 02:00 p.m. ET

Executives

Vince Keenan – VP of IR

Rick Hamada – CEO

Raymond Sadowski – CFO & SVP

Harley Feldberg – SVP & President of Avnet Electronics Marketing

Philip R. Gallagher – SVP & President of Avnet Technology Solutions

Analysts

Brendan Oliver Furlong – Miller Tabak

Shawn Harrison – Longbow Research

Amitabh Passi – UBS Investment Bank

Ananda Baruah – Brean Murray, Carret & Co.

Sherri Scribner – Deutsche Bank

Craig Hettenbach – Goldman Sachs

Brian Alexander – Raymond James

Matthew Sheerin – Stifel Nicolaus

Jim Suva – Citigroup

Steven Fox – Cross Research

Mona Eraiba – TCW

Presentation

Operator

Please standby. Our presentation will now begin I would now like to turn the floor over to Mr. Vince Keenan, Avnet’s Vice President of Investor Relations.

Vince Keenan

Good afternoon, and welcome to Avnet’s Fourth Quarter Fiscal Year 2012 Financial Update. If you’re listening by telephone today and have not accessed the slides that accompany this presentation, please go to our website and click on the icon announcing today’s event.

As we provide the highlights for our fourth quarter and full fiscal year 2012, please note that in the accompanying presentation and slides, we have excluded a gain on bargain purchase associated within acquisitions and restructuring, integration and other charges from all periods presented. When discussing pro forma sales or organic growth, prior periods have been adjusted to include acquisitions and the impact of divestitures.

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