Nortek (NTK) Misses Q2 EPS by 27c

Nortek (NASDAQ: NTK) reported Q2 EPS of $1.14, $0.27 worse than the analyst estimate of $1.41. Revenue for the quarter came in at $685.1 million versus the consensus estimate of $715.2 million.

• Adjusted operating earnings* were $58.0 million, compared with $53.4 million in the second quarter of 2015. Excluding acquisitions and divestitures, adjusted operating earnings were $58.7 million, compared with $55.2 million in the second quarter of 2015.
• Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA)* was $89.9 million, compared with $83.2 million in the second quarter of 2015. Excluding acquisitions and divestitures, adjusted EBITDA was $90.0 million, compared with $84.8 million in the second quarter of 2015.

For earnings history and earnings-related data on Nortek (NTK) click here.

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