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Article: Black Box Corporation Reports First Quarter Fiscal 2006 Results; Announces $179 Million in Revenues and 75 Cents Per Share Excluding Restructuring Charges and Acquisition Related Expenses.
- Article from:
- Business Wire
- Article date:
- July 28, 2005
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PITTSBURGH -- Black Box Corporation (NASDAQ:BBOX) today reported for the first quarter ended July 2, 2005 diluted earnings per share of 43 cents compared to 54 cents last year. Net income for the first quarter was $7.4 million or 4.1% of revenues, compared to $10.0 million or 8.0% of revenues last year. Excluding restructuring charges and acquisition related expenses in the first quarter of Fiscal 2006 described below, diluted earnings per share were 75 cents for the quarter and net income was $12.7 million or 7.1% of revenues.
During the first quarter of Fiscal 2006, the Company recorded a pre-tax restructuring charge of $5.3 million related to staffing level ...