Analyst Ratings

Date	Action	Analyst	Rating	Target
May-13-26	Upgrade	B of A Securities	Underperform → Neutral
Apr-30-26	Reiterated	Raymond James	Strong Buy	$69 → $95
Apr-29-26	Reiterated	Truist Financial		$80 → $95
Apr-13-26	Upgrade	Truist Securities	Hold → Buy
Jan-29-26	Reiterated	Truist Financial		$55 → $65
Jan-29-26	Reiterated	Wells Fargo	Underweight	$38 → $48
Jan-30-25	Downgrade	B of A Securities	Neutral → Underperform
Dec-16-24	Reiterated	Truist Financial		$58 → $54
Feb-02-23	Reiterated	Wells Fargo	Underweight	$38
Feb-02-23	Reiterated	Citigroup	Neutral	$50

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 6/30/2025	FY 2024 6/29/2024	FY 2023 7/1/2023
Total Revenue	24,956	22,201	23,757	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	22,345	19,816	20,991
Gross Profit	2,611	2,385	2,766
Selling, General and Administrative Excl. Other	1,925	1,762	1,870
Research and Development	0	0	0
Other Operating Expense	1	0	52
Operating Income	684	623	844
Interest Expense	244	250	283
Unusual Expense	—	—	—
Non-Operating Income (Expense)	126	122	-71
Net Income Before Taxes	315	251	632
Income Taxes	100	10	134
Consolidated Net Income	214	240	499
Net Income From Continuing Operations	214	240	499
Net Income	214	240	499
EPS (Recurring)	2.60	2.78	5.51
EPS (Basic, Before Extraordinaries)	2.60	2.78	5.51
EPS (Diluted)	2.57	2.75	5.43
EBITDA	689	626	1,056
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	35.59	19.30	—
Price To Sales Ratio	0.30	0.21	—
Gross Margin	10.46	10.74	11.64
Operating Margin	2.74	2.81	3.55
Net Margin	0.86	1.08	2.10
Shares Outstanding	82	86	91
Market Capitalization	7,501	4,565	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
JACOBSON KENNETH A	Chief Financial Officer	May 22 '26	Sale	85.26	12,000	1,023,120	40,968	May 26 12:00 AM
GALLAGHER PHILIP R	Chief Executive Officer	May 05 '26	Option Exercise	48.62	47,840	2,325,980	168,923	May 06 12:00 AM
GALLAGHER PHILIP R	Chief Executive Officer	May 05 '26	Sale	82.92	23,920	1,983,446	145,003	May 06 12:00 AM
GALLAGHER PHILIP R	Chief Executive Officer	Feb 24 '26	Sale	67.42	46,068	3,105,905	168,923	Feb 25 12:00 AM
GALLAGHER PHILIP R	Chief Executive Officer	Feb 24 '26	Option Exercise	33.42	92,136	3,078,964	214,991	Feb 25 12:00 AM
McCoy Michael Ryan	SVP, General Counsel	Feb 17 '26	Option Exercise	29.85	72,584	2,166,632	112,966	Feb 18 12:00 AM
McCoy Michael Ryan	SVP, General Counsel	Feb 17 '26	Sale	65.48	36,292	2,376,400	76,674	Feb 18 12:00 AM
Youngblood Jay David	SVP, Chief Digital Officer	Feb 12 '26	Sale	66.27	987	65,408	6,635	Feb 13 12:00 AM
Chan Leng Jin	SVP, CIO	Feb 02 '26	Option Exercise	39.62	18,452	731,068	50,002	Feb 03 12:00 AM
Chan Leng Jin	SVP, CIO	Feb 02 '26	Sale	61.53	9,226	567,676	40,776	Feb 03 12:00 AM
JACOBSON KENNETH A	Chief Financial Officer	Nov 07 '25	Buy	46.75	2,139	99,998	36,033	Nov 10 12:00 AM
McMullen Elizabeth	Senior VP - Operations	May 13 '25	Sale	52.80	4,000	211,200	14,626	May 13 12:00 AM
LAWRENCE JAMES A	Director	Aug 29 '24	Sale	54.83	3,642	199,691	0	Aug 29 12:00 AM
McMullen Elizabeth	Senior VP - Operations	Aug 15 '24	Sale	54.35	1,234	67,068	15,048	Aug 16 12:00 AM
Chan Leng Jin	SVP, CIO	Aug 14 '24	Option Exercise	39.62	18,452	731,068	36,168	Aug 15 12:00 AM


Market Cap	7.37B	Forward P/E	11.52	EPS next Y	7.94	Insider Trans	0.13%	Shs Float	-	Perf Month	11.13%


Enterprise Value	10.34B	PEG	-	EPS next Q	1.76	Inst Own	-	Short Float	-	Perf Quarter	52.55%


Income	213.63M	P/S	0.30	EPS this Y	99.46%	Inst Trans	-	Short Ratio	-	Perf Half Y	87.29%


Sales	24.96B	P/B	1.49	EPS next Y	54.94%	ROA	1.59%	Short Interest	-	Perf YTD	90.25%


Book/sh	60.39	P/C	49.34	EPS next 5Y	26.39%	ROE	4.33%	52W High	95.26 -3.98%	Perf Year	78.83%


Cash/sh	2.46	P/FCF	224.04	EPS past 3/5Y	-	ROIC	5.57%	52W Low	44.25 106.71%	Perf 3Y	-


Dividend Est.	1.40 (1.53%)	EV/EBITDA	15.01	Sales past 3/5Y	-2.98% 4.71%	Gross Margin	10.46%	Volatility	2.13% 2.68%	Perf 5Y	-


Dividend TTM	1.40 (1.53%)	EV/Sales	0.41	EPS Y/Y TTM	-34.81%	Oper. Margin	2.74%	ATR (14)	3.08	Perf 10Y	-


Dividend Ex-Date	Jun 03, 2026	Quick Ratio	1.05	Sales Y/Y TTM	5.05%	Profit Margin	0.86%	RSI (14)	61.34	Recom	2.50


Dividend Gr. 3/5Y	7.33% 10.12%	Current Ratio	2.01	EPS Q/Q	20.69%	SMA20	3.37%	Beta	1.31	Target Price	79.33


Payout	52.97%	Debt/Eq	0.64	Sales Q/Q	33.96%	SMA50	10.72%	Rel Volume	1.78	Prev Close	89.81


Employees	15,462	LT Debt/Eq	0.55	Earnings	Aug 05	SMA200	48.97%	Avg Volume	1.44M	Price	91.47


IPO Date	May 03, 1973	Option/Short	Yes / Yes	EPS/Sales Surpr.	10.53% 4.50%	Net Debt/EBITDA	4.31	Volume	2,566,421	Change	1.85%

AVT