AVIAT NETWORKS, INC. (AVNW) [Rocket]

Overview

AVIAT NETWORKS, INC. (AVNW)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/04/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
09/26/2023	DEFA14A	Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material:
08/24/2023	8-K	Material Modifications to Rights of Security Holders, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Yea...
08/23/2023	8-K	Quarterly results
07/06/2023	4	SMITH PETE A (President and CEO) has filed a Form 4 on AVIAT NETWORKS, INC.
05/31/2023	SD	Form SD - Specialized disclosure report:
05/15/2023	4	SMITH PETE A (President and CEO) has filed a Form 4 on AVIAT NETWORKS, INC.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Jun-30-23	Jul-01-22	Jul-02-21	Jul-03-20	Jun-28-19	Jun-29-18	Jun-30-17	Jul-01-16
Revenues	346.6	303.0	274.9	238.6	243.9	242.5	241.9	268.7
Revenue growth	14.4%	10.2%	15.2%	-2.1%	0.6%	0.3%	-10.0%	-20.0%
Cost of goods sold	222.4	193.7	172.3	153.9	164.6	162.0	166.4	207.0
Gross profit	124.2	109.2	102.6	84.7	79.3	80.5	75.5	61.7
Gross margin	35.8%	36.1%	37.3%	35.5%	32.5%	33.2%	31.2%	23.0%
Selling, general and administrative	69.8	57.7	56.3	58.0	56.1	58.2	57.2	65.9
Research and development	24.9	22.6	21.8	19.3	21.1	19.8	18.7	20.8
EBIT	29.4	29.0	24.5	7.4	2.1	2.6	-0.4	-25.0
EBIT margin	8.5%	9.6%	8.9%	3.1%	0.9%	1.1%	-0.2%	-9.3%
Pre-tax income	23.1	30.4	22.4	3.7	1.6	1.3	-0.6	-28.5
Income taxes	11.6	9.3	-87.7	3.5	-8.2	-1.0	0.0	1.6
Tax rate	50.1%	30.5%		93.1%
Earnings from continuing ops	11.5	21.2	110.1	0.3	9.7	1.8	-0.8	-60.6
Earnings from discontinued ops								0.5
Net income	11.5	21.2	110.1	0.3	9.7	1.8	-0.8	-60.1
Net margin	3.3%	7.0%	40.1%	0.1%	4.0%	0.8%	-0.3%	-22.4%

Diluted EPS	$0.97	$1.79	$9.42	$0.02	$1.73	$0.33	($0.16)	($11.57)
Shares outstanding (diluted)	11.9	11.8	11.7	10.9	5.6	5.6	5.3	5.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.