- Language: English
- Published: March 2012
Summary: Avnet Inc.
- ID: 1784385
- May 2011
- Standard & Poors
The rating on Phoenix-based Avnet Inc. reflects the company's strong market position. Highly competitive industry conditions and a volatile global technology spending environment offset this strength. With fiscal 2010 annual revenues (ending June) exceeding $19 billion, Avnet is one of the leading global distributors of electronic components and computer products. The company has a history of successfully using acquisitions to enhance its market position and supplier base. The company's focus on cost controls and the realization of synergies from acquisitions have bolstered its EBITDA (including capitalized operating leases) margin. The company's EBITDA margin (excluding restructuring charges) is in the 4% area. Standard & Poor's Ratings Services expects Avnet to sustain current profitability levels, given our expectation of continued cost management...
Companies mentioned in this report are: Avnet Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >