Nortek (NTK) Reports Q2 Loss Per Share of 14c, Offers Guidance

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Go back to Nortek (NTK) Reports Q2 Loss Per Share of 14c, Offers Guidance

Nortek Reports Second Quarter 2015 Results

August 3, 2015 5:10 PM EDT

PROVIDENCE, R.I., Aug. 3, 2015 /PRNewswire/ -- Nortek, Inc. (Nasdaq: NTK), a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, today announced financial results for the three-month period ended June 27, 2015.

Second Quarter 2015 Consolidated Highlights

Net sales decreased 2.0% to $703.9 million, from $718.6 million in the second quarter of 2014. Acquisitions contributed $27.3 million to net sales for the second quarter of 2015. Excluding acquisitions and the impact of foreign exchange translation, net sales decreased 4.2%. GAAP operating earnings were $34.7... More