Avnet, Inc. provided earnings guidance for the third quarter fiscal 2013 ending on March 30, 2013. For the quarter, EM sales are expected to be in the range of $3.625 billion to $3.925 billion and TS sales are expected to be between $2.325 billion and $2.625 billion. Consolidated sales are forecasted to be between $5.95 billion and $6.55 billion.

Adjusted diluted earnings per share ("EPS") is expected to be in the range of $0.81 to $0.91 per share. The EPS guidance assumes 138.0 million average diluted shares outstanding used to determine earnings per share and a tax rate of 27% to 31%. The above EPS guidance does not include any potential restructuring charges or any charges related to acquisitions and post-closing integration activities.

In addition, the above guidance assumes that the average Euro to U.S. Dollar currency exchange rate for the third quarter of fiscal 2013 is $1.34 to EUR 1.00. This compares with an average exchange rate of $1.31 to EUR 1.00 in the third quarter of fiscal 2012 and $1.30 to EUR 1.00 in the second quarter of fiscal 2013.