Avnet Moves up to 102 on the FORTUNE 500

Avnet Moves up to 102 on the FORTUNE 500 

June 18, 2016

With a strong financial position and commitment to growth, Avnet appeared on the FORTUNE 500 list of the largest U.S. companies for the 22nd year. This year, Avnet's revenue growth ensured the company moved up six places to No. 102 overall, and ranked first among companies headquartered in Arizona.

"Avnet's ranking on the FORTUNE 500 reflects our team's ongoing commitment to growth," says Rick Hamada, Avnet's CEO. "We have a unique view into how rapidly changing technology is creating new choices, connections and opportunities across our global landscape. We're applying these insights to position us, along with our customers and suppliers, to capitalize on these changes and stay on the path to success today, tomorrow and for the long term."

Avnet continues to evolve its business globally to position its suppliers and customers for mutual growth opportunities. For example, Avnet has already strengthened its market position in FY16 through the acquisitions of Orchestra Service GmbH and ExitCertified®, and invested in innovative, next-generation market opportunities related to the Internet of Things, embedded solutions and third-platform technologies. At the same time, Avnet returned approximately $400 million to shareholders through the first nine months of FY16 through its disciplined share repurchase and dividend programs.

The well-respected FORTUNE also recently recognized Avnet on its World's Most Admired Companies list in the Wholesaler: Electronics and Office Equipment category for the 10th year in a row.

Tech Data Key Facts

  • 43 years in IT distribution
  • $26.2 billion in sales for fiscal 2017
  • Publicly Traded (NasdaqGS: TECD)
  • Ranked No. 107 on the FORTUNE 500
  • 115,000+ IT reseller customers
  • 150,000+ IT products sold
  • Operations in 40+ countries
  • 100+ countries served
  • 14,000+ employees worldwide
  • Named one of FORTUNE's "World's Most Admired Companies"

 

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