Widgets Magazine

Nortek Posts $46.2 Million Second Quarter Loss

Nortek (NTK) submitted their financial results this week. The overall picture was good for the company was relatively good; posting overall gains of almost 14%. However, when they broke down the profit and loss of each division, it became apparent the AV portion of Nortek is in serious trouble.
So much so, that Sean Burke is out as the head of the Technology Solutions Group. In the press release it says Mr. Burke is “pursuing other interests”.
For the full story, visit Strata-Gee.com

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