Key Developments: Black Box Corp (BBOX.O)
26.23USD
17 Jun 2013
$0.40 (+1.55%)
$25.83
$26.23
$26.30
$25.71
53,198
52,918
$28.87
$19.31
Latest Key Developments (Source: Significant Developments)
Black Box Corp Issues Q1, FY 2014 Guidance; EPS Guidance In Line With Analysts' Estsimates-Conference Call
Black Box Corp announced that for fiscal 2014, the Company is targeting reported revenues of approximately $1.00 billion to $1.02 billion and corresponding operating earnings per share in the range of $2.70 to $2.90. Included in these projections is an effective tax rate of 39.5%. For the first quarter of fiscal 2014, the Company is targeting reported revenues of approximately $238 million to $243 million and corresponding operating earnings per share in the range of $0.53 to $0.58. These targets exclude intangibles amortization and the impact of changes in the fair market value of the Company's interest-rate swaps, and are before any new mergers and acquisition activity that has not been announced. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.56 for the first quarter of 2014 and EPS of $2.80 for fiscal 2014. Full Article
Black Box Corp Declares A 12.5% Increase To Its Quarterly Cash Dividend
Black Box Corp announced that Board of Directors has declared a 12.5% increase to its quarterly cash dividend resulting in a payout of $0.09 per share of its Common Stock. The $0.09 per share dividend was declared on all outstanding shares of Black Box`s Common Stock and will be payable on July 12, 2013 to stockholders of record at the close of business on June 28, 2012. Black Box will pay the dividend through its transfer agent, American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, NY 11219. Full Article
Black Box Corp Appoints Michael McAndrew President and CEO
Black Box Corp announced Mr. Michael McAndrew has assumed the position of President and Chief Executive Officer (CEO) of the Company, succeeding Mr. R. Terry Blakemore, who retired from the CEO position effective March 31, 2013. In addition to his appointment to CEO, Mr. McAndrew will join the Company's Board of Directors for a term expiring at the next annual meeting of stockholders. At that time, it is expected that he will stand for election by the stockholders. Full Article
Black Box Corp Declares Quarterly Cash Dividend
Black Box Corp announced that Board of Directors has declared a quarterly cash dividend of $0.08 per share of its Common Stock. The $0.08 per share dividend was declared on all outstanding shares of Black Box`s Common Stock and will be payable on April 12, 2013 to stockholders of record at the close of business on March 29, 2013. Full Article
Black Box Corp Lowers High End Of Prior FY 2013 Revenue Outlook; Raises Low End Of Prior FY 2013 EPS Outlook To A Range Above Estimates; Issues Q4 2013 Outlook; EPS Below Estimates-Conference Call
Black Box Corp announced that for the fourth quarter of 2013, it is targeting reported revenues of $230 million to $235 million, operating EPS range is $0.51 to $0.56. This operating EPS range includes expected pre-tax amortization of stock-based compensation expense of approximately $2 million. For fiscal 2013, the Company is targeting reported revenues of $990 million to $995 million, operating EPS range is $2.50 to $2.55. This operating EPS range includes expected pre-tax amortization of stock-based compensation expense of approximately $8.4 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.63 for the fourth quarter of 2013; EPS of $2.48 for fiscal 2013. Full Article
Black Box Corp Announces Increase In Share Repurchase Program And Declares Its Quarterly Cash Dividend
Black Box Corp announced that its Board of Directors approved an increase of 1 million shares under the existing share repurchase program and declared a quarterly cash dividend of $0.08 per share of its Common Stock. With the increase in the share repurchase program, Black Box now has authorization to repurchase 1.2 million of its shares or approximately 8% of the current outstanding shares. The $0.08 per share dividend was declared on all outstanding shares of Black Box`s Common Stock and will be payable on January 11, 2013 to stockholders of record at the close of business on December 28, 2012. Full Article
Black Box Corp Secures Contract For Korea Yongsan Relocation Plan
Black Box Corp announced that it was awarded a delivery order contract under the IMOD contract, in support of Program Manager Installation Information Infrastructure - Communications and Capabilities (PM I3C2) in Korea. The Program Directorate for Korea Transformation (PD-KT) reports to PM I3C2 and is responsible for the management of the Yongsan Relocation Plan Land Partnership Plan Increment 1 (YRP/LPP) C4I program. This project encompasses engineering, installation, securing, testing of C4I systems, and systems integration activities in support of The United States Army Garrison - Yongsan relocation. Black Box will be responsible for providing, relocating, and implementing a multitude of state-of-the-art C4I communications systems without mission interruptions. The contract, awarded by the U.S. Army Contracting Command-Rock Island, has a ceiling value of $97.3 Million. Full Article
Black Box Corp Issues Q3 2013 Revenue Outlook; EPS Outlook Below Analysts' Estimates; Lowers High End Of Prior FY 2013 Revenue Outlook; EPS Outlook To A Range Below Analysts' Estimates-Conference Call
Black Box Corp announced that for the third quarter of 2013, it expects revenues of $240 million to $250 million and operating EPS range of $0.63 to $0.68. For fiscal 2013, it expects revenues of $990 million to $1.10 billion and operating EPS range of $2.45 to $2.55. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.72 for the third quarter of 2013; EPS of $2.63 for fiscal 2013. Full Article
Black Box Corp Declares Quarterly Cash Dividend
Black Box Corp announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of its Common Stock. The $0.08 per share dividend was declared on all outstanding shares of Black Box’s Common Stock and will be payable on October 12, 2012 to stockholders of record at the close of business on September 28, 2012. Full Article
Black Box Corporation Issues Q2 2013 Guidance Below Analysts' Estimates; Widens FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Lowers FY 2013 EPS Guidance-Conference Call
Black Box Corporation announced that for the second quarter of 2013, it expects revenue of $247-$257 million, with operating EPS between $0.68 and $0.75. For fiscal 2013, it expects revenues of between $990 million and $1.30 billion with operating EPS between $2.45 and $2.85. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $284 million and EPS of $0.76 for the second quarter of 2013; revenue of $1.07 billion and EPS of $2.88 for fiscal 2013. Full Article
Earnings vs. 
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