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News

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Avnet

Avnet revenues rose 9.8% year on year to $5.06bn in the fourth quarter of 2018. Income fell to $58.6m against $81.4m in the fourth quarter. Highlights included Premier Farnell where revenues increased 13% year on year, and record 11.8% margins were achieved.

Arrow Electronics

Distributors continue to help cushion customers from the effects of components shortages, though there are signs of a softening market. Addressing analysts on a call hosted by seeking alpha.com, Arrow Electronics CEO Michael Long indicated that while it’s global components business leading indicators remained healthy and its backlog continued to grow at robust rate, the rate of sequential year-over-year growth moderated.

News

TTI has been honoured by TDK Europe with the Senten Manten Silver Award in the category of international volume distribution in their annual European Distribution Awards. It is the fifth time these European Distribution Awards have been presented by TDK Europe in the categories of international volume distribution, high-service distribution and local distribution.