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Panamax/Furman

Nortek Financial Results Show That, Despite Best Efforts, TECH Remains Troubled

August 15, 2012 by Ted Leave a Comment

Nortek's HeadquartersAt the end of last week, Nortek, Inc. reported their financial results for the fiscal second quarter and first half. While at first blush the overall numbers look good – sales up 9% in Q2 and 8% in 1st Half and returning to profitability for both periods – digging deeper shows that their technology business unit (TECH) and residential ventilation business unit (RESV) are not yet participating in the company’s turnaround. Given the significant amount of restructuring of their TECH segment, this result is troubling. [Read more…] about Nortek Financial Results Show That, Despite Best Efforts, TECH Remains Troubled

Filed Under: Brands, Industry Trends, Management, Manufacturers, News, Strategy Tagged With: AVC Group, Elan, Mark Terry, Niles, Nortek, Panamax/Furman, Proficient, Sean Burke, SpeakerCraft, Xantech

BREAKING NEWS: Nortek Reorganizes Its Reorganization

May 24, 2012 by Ted Leave a Comment

AVC GroupToday, just a short time ago, Nortek Inc.’s AVC Group released an announcement that a major new phase of their reorganization is in the works. Specifically, the AVC Group which currently is the merged brands of Niles Audio, Elan, and Xantech, will be expanded to include SpeakerCraft, Proficient, Panamax/Furman all under the same roof. Furthermore, Nortek’s former reorganizer – Mark Terry – has been reorganized out of the newly restructured company.

[Read more…] about BREAKING NEWS: Nortek Reorganizes Its Reorganization

Filed Under: Brands, Economic Trends, Industry Trends, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: AVC Group, Bill Pollock, Elan, Mark Terry, Niles, Nortek, Panamax/Furman, Proficient, Sean Burke, SpeakerCraft, Xantech

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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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