Avnet Ranks #108 on the FORTUNE 500 List of Largest Companies
PHOENIX – FORTUNE Magazine unveiled that global technology distributor Avnet, Inc. (NYSE:AVT) ranked No. 108 on the 2015 FORTUNE 500 list of largest U.S. companies based on the company’s $27.5 billion in sales in fiscal year 2014. Avnet improved its ranking on the list, moving up from No. 117 in 2014. In addition, Avnet was recently recognized by FORTUNE on its “World’s Most Admired Companies” list in the Wholesaler: Electronics category for the ninth year in a row.
“Being recognized on the FORTUNE 500 is a testament to our entire global team and the partnerships we’veVolumetric Efficiency built with customers and suppliers around the world,” said Rick Hamada, CEO of Avnet, Inc. “It’s also a reflection of our steadfast commitment to profitable growth driven by an unwavering focus on innovative services and solutions for our business partners.”
For the FORTUNE 500, companies are ranked by total revenues for their respective fiscal years. For more information about the list, please visit http://fortune.com/500.