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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 10, 2014
16:37 EDTNTKGates Capital Management reports 20.57% passive stake in Nortek
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October 9, 2014
10:00 EDTNTKOn The Fly: Analyst Initiation Summary
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05:25 EDTNTKNortek initiated with an In-Line at Imperial Capital
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October 8, 2014
17:46 EDTNTKNortek acquires HVAC distribution business of Phoenix Wholesale
Nortek announced that it has acquired the HVAC distribution business of privately owned Phoenix Wholesale. Operating out of five facilities in Arizona, including locations in Flagstaff, Tempe and Tucson, the business will be integrated into Nortek's Residential Heating and Cooling segment. Nortek expects the transaction, which was funded from existing cash on hand, to generate incremental revenue in the range of $15M-$20M over the next 12 months.

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