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5 Things You Need To Know Ahead Of Black Box's Earnings Call

Black Box had a spot of good news this week when it unveiled a new switch product that was approved for government sale. Here's what you need to know before Monday's earnings call.

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Black Box Is Set To Release First-Quarter Earnings Monday

Black Box has been struggling to right the ship since the company’s stock value plunged 62 percent in 2015. Joel Trammell, the company's third CEO since that nosedive, believes the company is positioned for growth in the next two years. Under his leadership, Black Box has won an extension on paying down $150 million in debt and is in the midst of selling its federal business.

But the clock is ticking. The Lawrence, Pa.-based solution provider has said that a deal for the federal business must close by the end of the month to keep the banks from calling in the debt. Trammell said there were multiple bidders for the business; however, an agreement has not yet been announced. Meanwhile, in a sign, that the company's fortunes are not sitting well with investors, shareholders recently voted to reject executive officer pay, including Trammell's modest-by-comparison $750,000 salary.

The company has enjoyed some positive news, however, including this week’s news that its recently released Secure KVM Switches were approved for government sale.

Here are five key issues to know ahead of Monday’s earnings report.

 
 
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