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AVC

Nortek Sold to British Investment Company

July 6, 2016 by Ted Leave a Comment

BREAKING NEWS

Melrose logoThe summer continues to heat up with the second major acquisition announcement in two days. Melrose, PLC, a UK-based investment company that buys underperforming companies, improves their operations, and then resells them, has acquired Nortek, Inc. in a deal that pays Nortek shareholders $86 per share – a 38% premium over yesterday’s closing price. The deal, an all-cash offer, is expected to close by the end of August.

See more on this acquisition… [Read more…] about Nortek Sold to British Investment Company

Filed Under: General Topics Tagged With: acquisition, AVC, Christopher Miller, Core Brands, Elan, Melrose, Melrose Industries, Melrose PLC, Michael J. Clarke, Niles, Nortek, Nortek Inc., SpeakerCraft, Xantech

Nortek Fiscal 2016 Q1 Results Improve, Except for AV

May 18, 2016 by Ted Leave a Comment

AVC Generates an Operating Loss on a 17.8% Decline in Sales

Nortek LogoNortek, Inc. (Nortek) released their results for the 2016 fiscal first quarter and generally showed broad improvement,with sales gains and profit improvements in most of their segments. But not in the Custom and Commercial Air segment which had a sales decline; and especially not in their AVC segment, which saw continued sales declines and generated a loss from operations.

See more on our Nortek 2016 Q1 report… [Read more…] about Nortek Fiscal 2016 Q1 Results Improve, Except for AV

Filed Under: Financial, Manufacturers, News Tagged With: 10Q fiscal, AVC, Core Brands, Elan, Mi Casa Verde, Michael J. Clarke, MiOS, Niles, Nortek, SEC, SpeakerCraft, Vera, Xantech

Nortek Management Scrambles in Wake of Troubling Q2 Results

August 6, 2015 by Ted Leave a Comment

Company Loses Almost 6% of Total Market Value in Just a Few Hours

Nortek 2015 Q2 PresentationNortek, Inc. released the results for its fiscal second quarter after the market’s close on Monday and took the unusual step of issuing optimistic performance guidance for the remainder of the year. The company does not typically release future performance guidance as a matter of policy, but did so in an apparent attempt to calm investor reaction to their troubling report. It didn’t work – investors reacted strongly on Tuesday by driving Nortek’s stock to a close of $75.23 per share, down sharply from the previous close of $79.88. In just a matter of hours, the total market value of Nortek collapsed almost 6%.

Why did investors react so strongly?… [Read more…] about Nortek Management Scrambles in Wake of Troubling Q2 Results

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: AVC, BlueBOLT, Core Brands, Elan, Furman, KORUS, Niles, Nortek, Nortek Inc., Panamax, Proficient, SpeakerCraft, Xantech

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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