Black Box 2Q FY2017 revenue down 8% YoY

Black Box Corporation (NASDAQ:BBOX) reported revenues of USD218.7 million for its second quarter 2017, down 8% from USD236.8 million for the same period last year and consistent with USD218.5 million in the sequential period, the company said.

Benefit for income taxes was USD1.5 million, compared to USD21.5 million for the same period last year and compared to a provision for income taxes of USD2.3 million in the sequential period.

Net loss was USD6.1 million, which included USD14.9 million (USD9.2 million net of tax) of non-recurring expense, compared to USD129.8 million, which included USD160.7 million (USD135.5 million net of tax) of non-recurring expense, for the same period last year and compared to USD0.5 million in the sequential period.
Diluted loss per share was USD0.40, compared to USD8.45 for the same period last year and compared to USD0.03 in the sequential period.

Black Box is a technology solutions provider dedicated to helping customers design, build, manage and secure their IT infrastructure.