Nortek Fiscal 2016 Q1 Results Improve, Except for AV

AVC Generates an Operating Loss on a 17.8% Decline in Sales Nortek, 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 … Continue reading

Nortek Fiscal 2015 Q4 & Full Year Results are Mixed; AVC is Still Sliding

Nortek, Inc., a diversified manufacturer that through its Core Brands division markets several brands in the custom integration channel, released this week its fiscal 2015 fourth quarter and full year results. Overall, the results were mixed, as the company continues … Continue reading

Core Brands Turns to Vision Werks for ‘Brand Protection Program’

At last month’s CEDIA Expo, Core Brands announced that it has retained Vision Werks Consulting to help it establish a brand protection program. According to Core Brands release, Vision Werks will primarily be involved in issues revolving around unauthorized online … Continue reading

Wall Street Reacts to Negative Nortek Q3 Numbers; AVC Sales Drop 36.8%

Company Blames Declines on ‘Negative Impact’ of United Technologies Unsuccessful Acquisition Bid Nortek, Inc. stock dropped more than 9.3% in early afternoon trading Wednesday in the wake of a report released by the company after the close of business Tuesday … Continue reading

Nortek Calls Off Discussions with United Technologies

Nortek, Inc. announced late Thursday that it has called off talks with an unnamed party who had tendered an unsolicited offer. According to the Wall Street Journal and as we had previously reported, that suitor was United Technologies. Nortek stock … Continue reading

Dominique Rejoins Core Brands as National Sales Manager

Who says you can’t go home again? Core Brands announced this week that Jason Dominique has rejoined the company to take the role of National Sales Manager of the Security Channel. Dominique previously worked for Core Brands’ Proficient line from … Continue reading

Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’

After the Wall Street Journal revealed late last month that United Technologies Corp. (UTC) was in talks to potentially acquire Nortek, Inc., we questioned why UTC would even want to acquire Nortek. Within days of our post, investment advisory firm … Continue reading

Why Would United Technologies Want to Acquire Nortek?

The Wall Street Journal broke the news yesterday that United Technologies Corp. is in talks to possibly acquire Nortek, Inc. Nortek is best known in our industry as the parent company of Core Brands, a collection of several prominent lines … Continue reading

Nortek Management Scrambles in Wake of Troubling Q2 Results

Company Loses Almost 6% of Total Market Value in Just a Few Hours Nortek, 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 … Continue reading