Black Box Corporation Named Among BusinessWeek's Top 20 SmallCaps.Business & High-Tech Editors PITTSBURGH--(BUSINESS WIRE)--July 31, 2002 Black Box Corporation (Nasdaq:BBOX) today announced that it was included in the BusinessWeek Online listing of 20 top-ranked small-cap companies. To qualify, a company had to meet two criteria. First, a company had to have S&P's top investment rankings of 4 STARS (accumulate Accumulate Broker/analyst recommendation that could mean slightly different things depending on the broker/analyst. In general, it means to increase the number of shares of a particular security over the near term, but not to liquidate other parts of the portfolio to buy a security ) and 5 STARS (buy) in the S&P SmallCap 600 list. Second, the companies had to fall within the top 20 for the highest and strongest operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: . Operating margin was measured by earnings before interest and taxes In financial and business accounting, earnings before interest and taxes (EBIT) is a measure of a firm's profitability that excludes interest and income tax expenses.[1] EBIT = Operating Revenue – Operating Expenses + Non-operating Income (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ) as a percentage of revenues. Last year, Black Box reported revenues of $744 million and net income of $62 million. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $114 million, or 14.1% of revenue, and free cash flow was $78 million, or 125% of net income. Commenting on BusinessWeek's ranking, Black Box Chief Executive Officer Fred C. Young said, "We're honored to be included in this listing. We plan to stay strong. We believe our business strategy is properly focused and will continue to drive sustained profitability and long-term growth." Black Box is the world's largest technical services company dedicated to designing, building, and maintaining today's complicated network infrastructure systems. Black Box services clients of all sizes in 132 countries throughout the world. |
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