Avnet

CEO: Bill Amelio

Dec. 30, 2016: $47.61

March 31, 2017: $45.76

Change: -3.89%

Avnet completed the $2.6 billion sale of its Avnet Technology Solutions business to distributor Tech Data on Feb. 27 in a deal that reshapes the value-added distribution industry. The deal to sell the $9.65 billion TS business was announced in September.

In late January Avnet reported that in its fiscal 2017 second quarter (ended Dec. 31, 2016) sales grew 2.7 percent to $4.27 billion from $4.16 billion in the same quarter one year earlier. Net income for the quarter was down nearly 34 percent, however, to $103.2 million from $156.0 million one year before.