Nortek (NTK) Posts Q3 GAAP loss of 90c/Share
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Nortek Reports Third Quarter 2015 Results
November 3, 2015 5:19 PM ESTPROVIDENCE, R.I., Nov. 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 September 26, 2015.
Management Commentary
"Nortek's third-quarter net sales decreased 3.9% year-over-year, excluding acquisitions, divestitures and the impact of foreign exchange translation, and adjusted EBITDA*, on the same basis, was down 3.7%," said President and Chief Executive Officer Michael J. Clarke. "Solid performance in our Custom Air, Ergonomics and Air Quality... More
