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Nortek Sales Dip in Q2 of Fiscal 2016

Nortek released its financial report for the second quarter of fiscal 2016, showing a drop in net sales.

Latest in Nortek

The security system leverages 2GIG's wireless sensor line and is optimized to work with gate and access control systems. SSI Staff · January 05, 2017

Nortek released its financial report for the second quarter of fiscal 2016, showing a drop in net sales. SSI Staff · August 08, 2016

Nortek was acquired for $2.8 billion by Melrose Industries on Wednesday. SSI Staff · July 06, 2016

Dynamark Security Centers announced it has been working closely with the Numera business unit of Nortek to develop a national program for their mobile personal emergency response system (mPERS), known as Libris. SSI Staff · June 06, 2016

Nortek announces its acquisition of Nuiku, a language processing platform that analyzes and executes voice commands. The technology will be added to Nortek's home automation portfolio. SSI Staff · May 24, 2016

Net sales increased 7.2% to $613.9 million, from $572.7 million in the first quarter of 2015. Rodney Bosch · May 13, 2016

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $67.5 million, compared with $71.2 million in the fourth quarter of 2014. SSI Staff · March 01, 2016

Nortek announced its net sales decreased 3.9%, excluding acquisitions, in this year's third quarter. Net sales were $618.5 million. Acquisitions contributed to $18.9 million in net sales. SSI Staff · November 05, 2015

The Wall Street Journal reported that Nortek, which owns a slate of audio, video, security and home automation brands, may be in talks to be acquired by United Technologies Corp., the conglomerate that owns Interlogix. Julie Jacobson · August 21, 2015

Linear President Michael O’Neal announced the name change at the California Alarm Association’s winter convention in San Francisco. Rodney Bosch · December 14, 2014


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