BBOX, SILK surprised no one mentioned it. Its been hitting new highs day after day and yesterday I saw it was 'overbought' what a laugh, so I left it but its reporting today after the close. BBOX was excellent intermediate hold last quarter and had a very nice report this morning before the open.
Black Box Corporation Reports Record Revenues and Net Income and Strong Cashflow for Second Quarter and Six Months
Increases FY00 Annualized Revenue Target to $200 Million for On-Site Services
PITTSBURGH--(BUSINESS WIRE)--Oct. 14, 1999-- Black Box Corporation (Nasdaq:BBOX - news) today reported record revenues and net income and strong cashflow for the second quarter ended September 30, 1999. Revenues for the quarter increased 49% to $117.9 million, up from $79.1 million for the same period last year. Net income was $11.6 million, or 62 cents per share, an increase of 32% from $8.8 million, or 49 cents per share, for the same period last year. Free cashflow was $7.9 million for the quarter.
Revenues for the six month period ended September 30, 1999 also set a new record, increasing to a record $215.4 million, up 42% from $152.2 million for the first six months last year. Net income for the first half increased to a record $22.2 million, or $1.18 per share, up 30% from $17.0 million, or 95 cents per share, for the same period last year. Free cashflow was $15.7 million for the first half of the year.
The Company also announced it has increased its FY00 annualized revenue target for new on-site services from $125 million to $200 million. Current annualized revenue is approximately $120 million. The previous year's annualized revenue was $55 million. |
