Last $86.47 USD
Change Today -1.55 / -1.76%
Volume 8.8K
NTK On Other Exchanges
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NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

50 Kennedy Plaza

Providence, RI 02903

United States

Phone: 401-751-1600

Fax:

Nortek, Inc. engages in the manufacture and sale of various 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. In 2013, the company sold products in approximately 100 countries other than the United States. Segments The company operates through five segments: Residential Ventilation (RESV); Technology Solutions (TECH); Display Mount Solutions (DMS); Residential Heating and Cooling (RHC); and Custom & Engineered Solutions (CES). RESV This segment primarily manufactures and distributes room and whole house ventilation products for the professional remodeling and replacement markets, residential new construction market, and do-it-yourself market. It sells the products in its RESV segment to distributors and dealers of electrical and lighting products, kitchen and bath dealers, retail home centers and private label customers. The principal products of the segment, which are sold under the Broan, NuTone, Venmar, Best and Zephyr brand names, among others, are kitchen range hoods, exhaust fans (such as bath fans and fan, heater and light combination units), and indoor air quality products (such as air exchangers and heat or energy recovery ventilators). Strategy: A key component of the company’s strategy for this segment is the introduction of new products and innovations, which capitalize on the strong brand names and the extensive distribution system of the segment's businesses. Competition: In the range hood market, this segment's primary global competitors are Elica Group, Faber S.p.A. and Cata Electrodomesticas S.L. This segment competes with Panasonic Corporation, among others, in the residential exhaust fan market. TECH This segment manufactures and distributes a array of products designed to provide convenience and security for residential and certain commercial applications. The principal product categories in this segment include security and access control equipment and systems, residential audio/video and home automation solutions, and professional video signal management solutions. The segment's security and access control products include residential and certain commercial intrusion protection systems and components focused on wireless technology, such as control panels, keypads and telephone entry systems, radio transmitters, window and door contacts, and lighting control devices, as well as garage and gate operators. These products are sold under the Linear, 2GIG, SecureWireless, GTO/PRO, and Mighty Mule brands, as well as others, including private labels for certain customers. The segment's residential audio/video and home automation solutions include whole-house audio/video products, and home automation systems, as well as certain accessories often used with these systems, such as power conditioners and surge protectors. Whole-house audio/video products include, among other products, multi-room/multi-source controllers and amplifiers, architectural speakers, and control devices, such as keypads, remote controls and volume controls. The segment's home automation systems include software and hardware that facilitate the control of third-party residential subsystems, such as home theater, whole-house audio, climate control, lighting, security and irrigation. These products are sold under various brand names, such as the Niles, Elan, SpeakerCraft, Xantech, Panamax, Furman, and others. The segment's professional video signal management solutions allow conversion of video signals into various formats, as well as the extension and transmission of video signals to multiple display screens. These products are often used in non-residential applications, such as retail outlets, airports, casinos, houses of worship, live events, and command and control centers, as well as certain residential applications and are sold under the Gefen, Magenta and TVOne brand names. The company sells the products in its TECH segment to distributors, professional installers, electronics retailers and original equipment manufacturers. Sales in this segme

 

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Industry Analysis

NTK

Industry Average

Valuation NTK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 15.8x
Price/Cash Flow 26.4x
TEV/Sales 0.1x
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