Avnet, Inc. Celebrates 45thAnniversary on the FORTUNE 500 List of Largest Companies
Tops 2013 FORTUNE 500
PHOENIX--(BUSINESS WIRE)-- FORTUNE magazine announced today that global technology distributor Avnet, Inc. (NYSE:AVT) ranked No. 117 on the 2013 FORTUNE 500 list of largest U.S. companies, with $25.7 billion in sales in fiscal 2012. This is Avnet's 45th anniversary of being featured on this distinguished list of companies. In addition, Avnet was recently named No. 1 by FORTUNE on its "FORTUNE'S Most Admired" list in the Wholesaler: Electronics category for the fifth year in a row.
"To be recognized on the FORTUNE 500 for forty-five years is a reflection of Avnet's long-term commitment to profitable growth and creating shareholder value," said Rick Hamada, CEO of Avnet, Inc. "Our dedicated employees, and their commitment to accelerating the success of our customers and supplier partners, are the reason we continue to be included on this notable list of companies."
Companies are ranked by total revenues for their respective fiscal years. Avnet debuted on the FORTUNE 500 in 1968, placing 467th with revenue just over $146 million. For more information about the list, please visit http://fortune.com/500.
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View videos from Avnet and its business partners: http://www.avnetondemand.com/
Read more about Avnet on its blogs: http://blogging.avnet.com/
About Avnet, Inc.
Avnet, Inc. (NYSE:AVT), a Fortune 500 Company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion. For more information, visit www.avnet.com.
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