Black Box Corporation F2Q10 (Qtr End 10/27/09) Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2009-10-27 19:41:08.0

Tags: Call Transcript, Quarter, Earnings, Government, Recruitment & Selection, Vertical Industries, Human Resources, Workforce Management, Seeking Alpha, Black Box Corp.

Question-and-Answer Session

Operator

Thank you. (Operator instructions)

Our first question will come from the line of Greg Burns of Sidoti & Company

Gregory Burns - Sidoti & Company

Looking at the backlog, I guess down the quarter over quarter. I guess those are just bumps from [Inaudible] government, contracts both at the end of the quarter, can you just give a little color there?

R. Terry Blakemore

Yes, I think what we saw there Greg, is we did book some but we also consumes along the way. I think if we go back to that quarter we had booked at a particular job and took us from the 195 range up to 210, so while we had some coming in and we also had some going out and in particular that job [Inaudible] in backlog, we did get a little bit of that benefit within the quarter. So, that will move around the bid for sure, we have seen, as Terry mentioned earlier, some activity on the government side as we have expected not just on onsite businesses but, we also saw a little bit traditional lift on hotline side from the seasonality stand point within the quarter which showed up in the September quarter.

Gregory Burns - Sidoti & Company

Okay and I guess I am just looking at the quarter. I guess the weak segment was at the services particular going on there, do you expect that to come back at the end of the year anytime?

R. Terry Blakemore

That is the one truly bounced around quite a bit, in fact we had a fairly significant job last quarter at lower margins that actually the gross margins down and we will work our way through that. So, sequentially that one is down 15% and that is primarily in the US.

That particular service is the choppiest of all three, CapEx to expand depending and also because of that, it is a quarter by quarter thing relative to winning opportunities and executing the work. It is moving to the next quarter, I think sequentially if you lay out the numbers of our guidance you will see that you back out, we reported what the historical revenues are for our acquisitions that we have just announced and essentially what you will you get this out is a flat quarter from the revenue stand point if you will take the mid-range.

One last day this quarter than the last we are actually hoping to show a little sequential increase, but I think we are still going to have mid-double digit teen down on a year-to-year basis and not probably the cross all three of our services. So, hopefully we will see stabilization there but that one will actually jump up and down more than the other two.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here