Nortek is a global, diversified industrial company that leverages its 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. The Company operates in 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. 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
Subsidiary
HQ
Carlsbad, US
Founded
1967
Website
nortek.com
Nortek was founded in 1967 and is headquartered in Carlsbad, US

Nortek Office Locations

Nortek has offices in Carlsbad, Providence, Tallahassee, New York and in 31 other locations
Providence, US (HQ)
500 Exchange St
Carlsbad, US (HQ)
150 1950 Camino Vida Roble
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Nortek Data and Metrics

Nortek Summary

Founding Date

1967

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.
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, 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

Nortek Job Categories

Traffic Overview of Nortek

Nortek Online and Social Media Presence

Nortek News and Updates

BRIEF-Melrose receives final regulatory approval for Nortek offer

* Final regulatory approvals received for melrose's tender offer for nortek

BRIEF-Melrose Industries says to buy Nortek Inc for $1.44 bln

* Proposed recommended acquisition of Nortek Inc and fully underwritten 1.66 bln stg rights issue

UPDATE 1-Melrose to buy residential products maker Nortek for $1.44 bln

July 6 (Reuters) - Engineering turnaround specialist Melrose Industries Plc said it had agreed to buy Nortek Inc in a cash deal valuing the U.S.-based residential products maker at $1.436 billion.

Melrose to buy residential products maker Nortek for $1.44 bln

July 6 (Reuters) - Engineering turnaround specialist Melrose Industries Plc said on Wednesday it had agreed to buy Nortek Inc in a cash deal valuing the U.S.-based residential products maker at $1.436 billion.

Nortek Company Life and Culture

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