Nortek (NTK) Posts Q1 Loss of 87c/Share
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Nortek Reports First Quarter 2015 Results
May 4, 2015 4:30 PM EDTPROVIDENCE, R.I., May 4, 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 March 28, 2015.
First Quarter 2015 Consolidated Highlights
Net sales increased 4.5% to $572.7 million, from $547.8 million in the first quarter of 2014. Acquisitions contributed $53.1 million to net sales for the first quarter of 2015. Excluding acquisitions and the impact of foreign exchange translation, net sales decreased 3.4%. GAAP operating earnings declined to $7.7 million, from $12.5... More