nortek inc
(NTK:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
nortek inc (NTK) Snapshot
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Open
$71.86
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Previous Close
$72.00
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Day High
$72.06
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Day Low
$71.35
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52 Week High
03/15/13 - $74.68
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52 Week Low
05/30/12 - $45.81
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Market Cap
1.1B
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Average Volume 10 Days
16.6K
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EPS TTM
$0.36
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Shares Outstanding
15.4M
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EX-Date
--
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P/E TM
198.3x
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Dividend
--
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Dividend Yield
--
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Related News
nortek inc (NTK) Related Businessweek News
No Related Businessweek News Foundnortek inc (NTK) Details
Nortek, Inc. engages in the manufacture and sale of products for remodeling and replacement, residential and commercial new construction, manufactured housing, and personal and enterprise computer markets primarily in the United States, Canada, and Europe. The company’s Residential Ventilation segment offers kitchen range hoods; exhaust fans, including bath fans and fan, heater, and light combination units; and indoor air quality products, such as air exchangers, heat or energy recovery ventilators, and powered attic ventilators. This segment also sells door chimes, medicine cabinets, trash compactors, ceiling fans, and central vacuum systems. Its Technology Solutions segment provides security and access control equipment and systems, including control panels, keypads and telephone entry systems, radio transmitters, window and door contacts, lighting control devices, and garage and gate operators; residential audio/video and home automation solutions, such as whole-house audio/video products, and home automation systems, as well as accessories, which comprise power conditioners and surge protectors; and professional video signal management solutions. The company’s Display Mount Solutions segment offers wall mounts, desk mounts, arms, carts, workstations, and stands that attach to or support various display devices, such as computer monitors, notebook computers, and flat panel displays. Its Residential Heating and Cooling segment offers split-system and packaged air conditioners, and heat pumps; air handlers; furnaces; and related equipment, accessories, and parts. The company’s Custom and Engineered Solutions segment provides custom-designed and engineered HVAC and air management products and systems for hospitals, educational facilities, commercial offices, manufacturing facilities, retail stores, clean rooms, data centers, and governmental buildings. Nortek, Inc. was founded in 1967 and is headquartered in Providence, Rhode Island.
nortek inc (NTK) Top Compensated Officers
nortek inc (NTK) Key Developments
Nortek Inc. announced the opening of own distribution centers in locations where they are not significantly covered. The first of these locations opened in the month of May in Kansas City, and the company plans to open several more centers throughout 2013.
Nortek Inc. reported unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported net sales of $519.1 million, compared with $522.8 million in the first quarter of 2012. Operating earnings were $4.6 million, compared with $24.9 million in the first quarter of 2012. Operating earnings in the first quarter of 2013 were net of $7.3 million of restructuring expense and $4.3 million of transformation expense, while operating earnings in the first quarter of 2012 were net of $2.6 million of expense related to the decision to discontinue development of a certain new product. Net loss was $15.1 million, or $0.98 loss per share, compared with net loss of $1.2 million, or $0.08 loss per share, in the first quarter of 2012. Loss before provision for income taxes was $20.0 million compared to earnings of $0.4 million a year ago. The company used approximately $14.5 million in operations for the quarter.
Nortek Inc. announced that they will report Q1, 2013 results After-Market on May 09, 2013
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Industry Analysis
NTK
Industry Average
| Valuation | NTK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 14.2x |
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| Price/Cash Flow | 27.3x |
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| TEV/Sales | NM | Not Meaningful |
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