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You are here: Home / Archives for 2GIG

2GIG

Melrose Suspends Dividends, Cuts Executive Pay

April 9, 2020 by Ted Leave a Comment

Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19

Melrose logo

Melrose Industries PLC has announced it will suspend the payment of its usual year-end dividend in the face of the deteriorating economic environment as a result of the global spread of Coronavirus (COVID-19). Melrose, the U.K. turnaround specialist that is parent company of the U.S. based Nortek has taken other actions to adjust operations at its operating companies in the face of COVID-19.

Learn more about Melrose’s actions to adjust to COVID-19…

[Read more…] about Melrose Suspends Dividends, Cuts Executive Pay

Filed Under: Financial, Manufacturers, News, Strategy Tagged With: 2GIG, Elan, Furman, GKN, GoControl, Linear, Melrose, Melrose Industries, Melrose Industries PLC, Melrose PLC, Niles, Nortek, Panamax, SpeakerCraft, Sunfire, Xantech

Nortek Reports Uneven Fiscal Results; With A/V Biz in Decline, Security is TECH Segment’s Rising Star

March 13, 2014 by Ted Leave a Comment

SEC Filings Reveal Serious Decline in 2013 Sales of A/V Lines

Nortek LogoNortek, Inc., a Rhode Island-based diversified manufacturer of a variety of environmental and technology products for home and business, announced its financial performance for the fiscal fourth quarter and year ended December 31, 2013 on Tuesday and conducted a conference call with analysts Wednesday morning. Nortek is the parent company of Core Brands, a group of eleven A/V brands that have a significant impact on the custom integration business – and, for this reason, we follow them closely.

The company saw sales increases for both the quarter and the year; however, it booked a net loss for both periods, suggesting that its previously announced restructuring plan is still a work-in-progress.

See more on the company’s overall performance, as well as the unsettling news we heard about the TECH division, which includes Core Brands…

[Read more…] about Nortek Reports Uneven Fiscal Results; With A/V Biz in Decline, Security is TECH Segment’s Rising Star

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: 2GIG, Core Brands, Gefen Distribution, Linear, Nortek

Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy

November 14, 2013 by Ted Leave a Comment

Troubling TidbitsOn Thursday last week, Nortek, Inc. released the financial results for its third quarter (ending September 28, 2013) as well as their nine-month YTD results – and on the following Friday convened a conference call with analysts to discuss them. While management put a positive spin on these results, one didn’t have to look very hard to see some glaring bumps Nortek is experiencing on their challenging road to success through restructuring and reorganization.

You can almost hear it in Michael J. Clarke’s voice when he said: “Nortek’s net sales and underlying operating performance for the third quarter were consistent with our expectations.” Not exactly the rousing proclamation of success we typically hear on their conference call for industry analysts.

What are the “bumps” Nortek’s hitting on the road to success?… [Read more…] about Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: 2GIG, Core Brands, Linear, Michael J. Clarke, Nortek

Nortek Acquires 2GIG Technologies

February 14, 2013 by Ted Leave a Comment

BREAKING NEWS

Nortek LogoNortek, Inc. announced today that it has acquired 2GIG Technologies, Inc. from APX Group, Inc. 2GIG is a designer and supplier of residential security and home automation systems. A privately held company, 2GIG will expand Nortek’s portfolio of installed home systems products.

See what 2GIG brings to the table and how much Nortek paid to add the brand to its portfolio… [Read more…] about Nortek Acquires 2GIG Technologies

Filed Under: Brands, Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: 2GIG, GotControl, Linear, Michael J. Clarke, Nortek

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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