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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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January 21, 2015
16:18 EDTNTKNortek acquires Anthro Corporation, terms not disclosed
Nortek announced it has acquired Anthro Corporation, a designer and manufacturer of technology furniture. Nortek funded the transaction using cash on hand and borrowings under its existing asset-based lending facility. Based in Tualatin, Oregon, Anthro primarily produces charging carts and mobile workstations, including healthcare carts, as well as height adjustable sit/stand desks. Unaudited net sales of Anthro were approximately $38M for FY14. This business will be reported under the Ergonomic and Productivity Solutions segment in Nortek's financial statements.
January 20, 2015
16:11 EDTNTKNortek names Liam Weston as Chief Human Resources Officer
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January 15, 2015
16:57 EDTNTKNortek starts internal investigation, contacts SEC over possible FCPA violations
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