Avnet, Inc. (NASDAQ:AVT) Q4 2023 Earnings Call Transcript

Ken Jacobson: And I’ll just comment, Melissa, that there are some opportunities to think about, supply chain as a service type of engagement as well as Farnell. Farnell makes a really healthy margin in Asia, and there’s plenty of opportunity to grow there. But the base is so big too, it’s hard to move the needle overnight, but we do see some good margin opportunities in some of the markets that Phil mentioned. Japan, for example, that definitely has a better margin than other markets. So there’s some opportunity, but it’s just — it’s such a big base that it’s hard to move the needle.

Melissa Fairbanks: Okay. Great. Thanks very much guys.

Phil Gallagher: Thanks, Melissa.

Operator: Thank you. There are no further questions at this time. I’d like to hand the floor back over to Phil Gallagher for any closing remarks.

Phil Gallagher: Well, I want to thank everyone for attending today’s earnings call, and wish you all a great rest of the summer, and I look forward to speaking to you again at our next fiscal quarter earnings report in November. Thanks a lot.

Operator: Ladies and gentlemen, this does conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.