AVNET INC Earnings Per Share Disclosure
14. Earnings per share
Years Ended | |||||||||
| June 28, |
| June 29, |
| July 1, | ||||
2025 | 2024 | 2023 | |||||||
(Thousands, except per share data) | |||||||||
Numerator: | |||||||||
Net income | $ | 240,217 | $ | 498,699 | $ | 770,828 | |||
Denominator: | |||||||||
Weighted average common shares for basic earnings per share |
| 86,266 |
| 90,567 |
| 92,043 | |||
Net effect of dilutive stock-based compensation awards |
| 1,147 |
| 1,270 |
| 1,325 | |||
Weighted average common shares for diluted earnings per share |
| 87,413 |
| 91,837 |
| 93,368 | |||
Basic earnings per share | $ | 2.78 | $ | 5.51 | $ | 8.37 | |||
Diluted earnings per share | $ | 2.75 | $ | 5.43 | $ | 8.26 | |||
Stock options excluded from earnings per share calculation due to an anti-dilutive effect | — | 79 | 140 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 15, 2025 | Showing above |
| 2024 | Aug 14, 2024 | |
| 2023 | Aug 18, 2023 | |
| 2022 | Aug 12, 2022 | |
| 2021 | Aug 13, 2021 | |
| 2020 | Aug 14, 2020 | |
| 2019 | Aug 15, 2019 | |
| 2018 | Aug 17, 2018 | |
| 2017 | Aug 17, 2017 | |
| 2016 | Aug 12, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.