Avnet Reports Third Quarter Fiscal 2021 Financial Results

The following table presents reported and organic sales growth rates for the third quarter and first nine months of fiscal 2021 compared to fiscal 2020.


	Quarter Ended								Nine Months Ended
				Sales As			Organic														Organic
	Sales As			Reported			Sales					Sales As						Organic			Sales
	Reported			and Organic			Adj for TI					Reported						Sales			Adj for TI
	and			Year-Year %			Year-Year %		Sales As			Year-Year %			Organic			Year-Year %			Year-Year %
	Organic			Change in			Change in		Reported			Change in			Sales			Change in			Change in
	Year-Year			Constant			Constant		Year-Year			Constant			Year-Year			Constant			Constant
	% Change			Currency			Currency ⁽¹⁾		% Change			Currency			% Change			Currency			Currency ⁽¹⁾
Avnet	14.1		%	10.7		%	22.0	%	6.2		%	3.9		%	3.9		%	1.6		%	9.5		%
Avnet by region
Americas	(3.5	)	%	(3.5	)	%	4.9	%	(3.8	)	%	(3.8	)	%	(6.0	)	%	(6.0	)	%	(0.2	)	%
EMEA	4.8			(3.4	)		6.5		0.1			(6.0	)		(2.1	)		(8.2	)		(1.8	)
Asia	36.2			35.0			50.3		17.7			17.0			15.3			14.6			25.4
Avnet by segment
EC	13.7		%	10.5		%	22.9	%	6.2		%	4.0		%	3.9		%	1.7		%	10.4		%
Farnell	18.2			12.3			12.3		6.1			2.4			3.9			0.2			0.2
_________________________
⁽¹⁾ Sales growth rates excluding the impact of the termination of the TI distribution agreement.

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