Avnet 2006 Annual Report Download - page 20

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PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Market price per share
The Company's common stock is listed on the New York Stock Exchange under the symbol AVT.
Quarterly high and low sales prices (as reported for the New York Stock Exchange composite transactions)
for the last two fiscal years were:
2006 2005
Fiscal Quarters High Low High Low
1st ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $26.61 $23.30 $20.90 $15.66
2ndÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 24.50 22.36 19.70 15.80
3rd ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 26.21 23.57 20.14 16.10
4th ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 27.10 19.21 22.99 16.75
The Company paid no dividends during fiscal 2006 or 2005, nor are any dividend payments currently
contemplated in the future.
Record Holders
As of July 28, 2006, there were approximately 3,778 holders of record of Avnet's common stock.
Issuer Purchases of Equity Securities
The following table includes the Company's monthly purchases of common stock during the fourth
quarter ended July 1, 2006:
Maximum Number (or
Total Number of Approximate Dollar
Total Shares Purchased as Value) of Shares That
Number of Part of Publicly May Yet Be Purchased
Shares Average Price Announced Plans or Under the Plans or
Period Purchased Paid per Share Programs Programs
April ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 9,000 $25.66 Ì Ì
May ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 11,000 $26.14 Ì Ì
JuneÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 9,000 $21.77 Ì Ì
The purchases of Avnet common stock noted above were made on the open market to obtain shares for
purchase under the Company's Employee Stock Purchase Plan. None of these purchases were made pursuant
to a publicly announced repurchase plan and the Company does not currently have a stock repurchase plan in
place.
Item 6. Selected Financial Data
Years Ended
July 1, July 2, July 3, June 27, June 28,
2006 2005 2004 2003 2002
(Millions, except for per share and ratio data)
Income:
Sales ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $14,253.6 $11,066.8 $10,244.7 $9,048.4 $8,920.2
Gross profitÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,839.0(a) 1,459.0 1,364.9 1,215.0 1,222.8 (d)
Operating income (loss) ÏÏ 430.5(a) 321.3 202.2(b) 12.7 (c) (3.0)(d)
Income tax provision
(benefit) ÏÏÏÏÏÏÏÏÏÏÏÏÏ 111.6(a) 71.5 25.5(b) (33.3)(c) (36.4)(d)
Earnings (loss)ÏÏÏÏÏÏÏÏÏÏ 204.5(a) 168.2 72.9(b) (46.1)(c) (84.4)(d)(e)
14