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August 4, 2014
18:24 EDTNTKNortek reports Q2 GAAP EPS ($2.97), may not compare to consensus $1.45
Reports Q2 revenue $718.6M, consensus $682.35M. The acquisition of Reznor, which closed on April 30, contributed a $1.4M GAAP operating loss and a $1.0M adjusted operating loss including the impact of accounting for the fair value of assets acquired and liabilities assumed. Reznor contributed $2.8M to the increase in adjusted EBITDA for the second quarter.
News For NTK From The Last 14 Days
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October 8, 2015
17:51 EDTNTKNortek says discussions to sell company have ended
Nortek announced that following receipt of an unsolicited proposal to acquire the company, the Board and its advisors commenced a review of strategic alternatives. That review is now complete and all discussions in relation to this proposal have now ended. Michael Clarke, President and CEO of Nortek, stated, "There have been rumors in the press that have created a distraction for us, and we want to thank all our customers and employees for their patience in dealing with any uncertainty this may have caused. We are eager to put this behind us and remain committed to serving our customers, growing our business and increasing shareholder value." The company undertakes no obligation to further comment on this matter nor to update the information contained in this release.

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