November 19, 2018

Black Box Corp.

“Adjusted EBITDA (As Adjusted)” Is Our New Favorite Non-GAAP Measure Being Used By a Real-life Company

Today in creative accounting news, Jonathan Weil has the absurd notion that some company would use a profitability metric with a lot of convenient adjustments to achieve a desired earnings outcome. And then try to rationalize it to analysts and investors in a press release. I'm floored. The company in question is Black Box Corp. "a […]