Distribution -- CEO Commentary - "In the fourth quarter, we delivered quarterly revenues above consensus and generated strong operating cash flow," said Avnet Interim CEO Phil Gallagher. "Despite the challenges of the COVID-19 operating environment, we are committed to improving our bottom-line results. In fiscal year 2021, we will enhance our core distribution business capabilities, while helping our current and future supplier partners deploy their technologies to over two million customers."
Gallagher continued, "I want to thank all of our employees for their continued dedication and commitment to Avnet, especially during the uncertainties of the pandemic. Our people's health and safety remains our top priority. As we enter fiscal year 2021, we will work to manage our costs while still making investments in the business that will ensure we are well-positioned to benefit as the market recovers."
August 07, 2020 03:59 PM