Founded in 1967 and headquartered in Providence, Rhode Island, Nortek is a global, diversified industrial company that leverages its strong brands, design and manufacturing capabilities, and business system to deliver industry-leading innovative air management and technology-driven solutions for lifestyle improvement at home and at work. Nortek operates within six business segments: - Air Quality & Home Solutions, - Security & Control Solutions, - Ergonomic and Productivity Solutions, - Residential & Commercial HVAC - Custom & Commercial Air Solutions, and - Audio, Video & Control Solutions By combining superior sales and customer service support with broad product lines, worldwide distribution channels, and strong brands, Nortek's companies have become world leaders in their respective markets. These same factors ideally position Nortek to meet the ever-changing needs of its global customer base now, and in the future. Targeting an array of residential, commercial and other applications, Nortek’s offerings include ventilation products such as range hoods and bathroom fans, security and home automation solutions, audio/video products, heating and cooling products, engineered air management solutions, and ergonomic and productivity solutions.
Type
Public
HQ
Carlsbad, US
Founded
1967
Size (employees)
11,400 (est)
Website
nortek.com
Nortek was founded in 1967 and is headquartered in Carlsbad, US

Nortek Office Locations

Nortek has offices in Carlsbad, Tallahassee, New York, Alameda and in 31 other locations
Carlsbad, US (HQ)
150 1950 Camino Vida Roble

Nortek Data and Metrics

Nortek Financial Metrics

Nortek's revenue was reported to be $2.5 b in FY, 2015 which is a 1% decrease from the previous period.
$, USD

Revenue (FY, 2015)

2.5 b

Revenue growth (FY, 2014 - FY, 2015), %

(1%)

Gross profit (FY, 2015)

2.1 b

Gross profit margin (FY, 2015), %

82%

Net income (FY, 2015)

(26.7 m)

EBIT (FY, 2015)

85.4 m

Market capitalization (30-Aug-2016)

1.4 b

Closing share price (30-Aug-2016)

85.9
Nortek's current market capitalization is $1.4 b.
$, USDFY, 2013FY, 2014FY, 2015

Revenue

2.3 b2.5 b2.5 b

Revenue growth, %

11%(1%)

Cost of goods sold

443.7 m

Gross profit

660.5 m741.1 m2.1 b

Gross profit Margin, %

29%29%82%

Operating expense total

642.8 m

EBIT

87.9 m42.9 m85.4 m

EBIT margin, %

4%2%3%

Net Income

(8.3 m)(45.6 m)(26.7 m)
$, USDFY, 2013FY, 2014FY, 2015

Current Assets

822.8 m771.4 m

Goodwill

474.3 m505.5 m

Total Assets

2.2 b2.1 b

Accounts Payable

288.8 m269.2 m

Current Liabilities

518.1 m491.1 m

Additional Paid-in Capital

249.4 m256.8 m

Retained Earnings

(117.1 m)(143.8 m)
$, USDFY, 2013FY, 2014FY, 2015

Net Income

(26.7 m)

Depreciation and Amortization

40.6 m43.2 m50.4 m

Accounts Receivable

5.8 m(33 m)(21 m)

Inventories

(700 k)(83 m)2.4 m

Accounts Payable

23.7 m63 m(15.2 m)

Cash From Operating Activities

135.2 m37.6 m49.1 m

Capital Expenditures

(43.8 m)(38.9 m)(44.8 m)

Cash From Investing Activities

(193.3 m)(306.1 m)(114.6 m)

Cash From Financing Activities

(5.7 m)246 m31.7 m

Free Cash Flow

179 m76.5 m93.9 m

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