Black Box Corporation reports record revenues and earnings for fiscal fourth quarter and year.

PITTSBURGH--(BUSINESS WIRE)--May 10, 1995--Black Box Corp. (NASDAQ:BBOX) today reported record revenues and earnings from continuing operations for its fiscal fourth quarter and year ended March 31, 1995. Fiscal fourth quarter revenues increased 23 percent to $46.7 million from $38.1 million in last year's comparable quarter. Income from continuing operations for the quarter increased 26 percent to $4.1 million, or $0.25 per share, from $3.3 million, or $0.20 per share, for the same period last year.

Revenues for the fiscal year were $164.8, an increase of 16 percent over the $142.0 million reported in the prior fiscal year. Income from continuing operations for the fiscal year increased over 26 percent to $14.5 million, or $0.89 per share, from $11.5 million, or $0.71 per share, in the last fiscal year.

"A record breaking fourth quarter was an appropriate conclusion to an excellent year," said Jeffery M. Boetticher, president and chief executive officer. "We are particularly pleased with our international results and that we are beginning to realize the benefits of our programs to accelerate growth in North America. Total year revenues for international were up 53 percent and fourth quarter revenues from North American operations were almost 10% higher than those posted in our third quarter.

"We anticipate fiscal 1996 to be another record breaking year, with the opening of Black Box Mexico in the first quarter, a significant increase in new products, the mailing of our improved catalog, as well as many other innovations, all designed to provide fast, quality solutions to our customers worldwide."

Black Box is one of the largest international direct marketers and technical service providers of communications, networking, and connectivity solutions to business of all sizes, operating in over 50 countries throughout the world. -0-

                         Black Box Corp.
                      Selected Income Data
      (Unaudited, dollars in thousands except per share data)

                               Quarter ended     Fiscal year ended
                                 March 31,            March 31,
                               1995     1994       1995     1994

Revenues                     $46,720   $38,092   $164,766  $142,004
Gross profit                  25,852    20,288     91,575    76,548
Selling, general and
 administrative expenses      16,035    11,892     54,564    44,830
Operating income before
 amortization                  9,817     8,396     37,011    31,718
Intangibles amortization         963     1,077      4,206     4,338
Operating income               8,854     7,319     32,805    27,380
Interest expense               1,615     1,772      6,400     7,137
Other, net                       177      (488)       847      (456)
Income from continuing
 operations before
 income taxes                  7,062     6,035     25,558    20,699
Provision for income taxes     2,954     2,774     11,093     9,253
Income from continuing
 operations                   $4,108    $3,261    $14,465   $11,446
Earnings per share from
 continuing operations        $ 0.25    $ 0.20    $  0.89   $  0.71
Weighted average common and
 common equivalent shares
 outstanding                  16,468    16,022    16,335     16,031

                         Black Box Corp.
                    Consolidated Balance Sheets
                 (Unaudited, dollars in thousands)

                                                Pro forma(a)
                                       March 31,  March 31,
                                         1995       1994

ASSETS
Current assets:
 Cash and cash equivalents              $2,546     $2,179
 Trade accounts receivable, net         28,569     21,913
 Inventories, net                       17,406     14,137
 Other current assets                    5,727      4,891
  Total current assets                  54,248     43,120

Property, plant and equipment, net      12,260     12,179
Intangibles, net                        84,179     95,373
Other assets                             1,445        782
  Total assets                        $152,132   $151,454

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
 Revolving credit obligation              $ 30       $ 91
 Current portion of long-term debt       9,752      1,282
 Trade accounts payable                  8,401      6,396
 Other accrued expenses                 12,972     10,936
  Total current liabilities             31,155     18,705

Long term debt                          56,942     80,474
Deferred taxes                          16,920     21,735

Stockholders' equity
 Common stock and additional paid-in
  capital                               23,185     22,373
 Retained earnings                      23,931      9,467
 Cumulative foreign currency
  translation adjustments                   (1)    (1,300)
  Total stockholders' equity            47,115     30,540
                                      $152,132   $151,454

(a) The March 31, 1994 balances have been adjusted to reflect the
MICOM spin-off as if it had occurred at that date.

CONTACT: Black Box Corp.

Investor:

Fred C. Young, 412/873-6788

412/873-6784 (fax)

or

Kekst and Co.

Media:

Dawn Dover or Wendi Kopsick

212/593-2655