Nortek (NTK) Posts Q1 Loss of 87c/Share

Nortek (NASDAQ: NTK) reported Q1 EPS of ($0.87), which may not compare with the analyst estimate of $0.15. Revenue for the quarter came in at $572.7 million versus the consensus estimate of $613.6 million.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA)* rose to $46.0 million, from $43.5 million in the first quarter of 2014. Adjusted EBITDA margin increased to 8.0% from 7.9% in the prior year period. Acquisitions contributed $9.1 million to the increase in adjusted EBITDA.

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

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