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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

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» NTK's 30-Y Financials

Financials (Next Earnings Date: 0)

Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Guru Trades

Q4 2015

NTK Guru Trades in Q4 2015

Joel Greenblatt 6,820 sh (New)
Mario Gabelli 8,000 sh (+2.56%)
Steven Cohen Sold Out
Jim Simons 42,500 sh (-32.33%)
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Q1 2016

NTK Guru Trades in Q1 2016

Mario Gabelli 8,000 sh (unchged)
Joel Greenblatt 5,859 sh (-14.09%)
Jim Simons 27,100 sh (-36.24%)
» More
Q2 2016

NTK Guru Trades in Q2 2016

Jim Simons 29,785 sh (+9.91%)
Mario Gabelli 8,000 sh (unchged)
Joel Greenblatt Sold Out
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Q3 2016

NTK Guru Trades in Q3 2016

Jim Simons Sold Out
Mario Gabelli Sold Out
» More
» Details

Insider Trades

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Business Description

Industry: Building Materials » Building Materials  
Headquarter Location:USA
Nortek Inc offers technology-driven products and solutions for lifestyle improvement at home and at work. Through its segments it manufactures and sells in the United States, Canada, and Europe.

Nortek Inc was incorporated in Delaware. The Company and its wholly-owned subsidiaries are diversified manufacturers of innovative, branded residential and commercial building products. The Company operates within five reporting segments: the Residential Ventilation ("RESV") segment, the Technology Solutions ("TECH") segment, the Display Mount Solutions ("DMS") segment, the Residential Heating and Cooling ("RHC") segment, and the Custom & Engineered Solutions ("CES") segment. The Company manufactures and sells, primarily in the United States, Canada and Europe. The Company's Residential Ventilation Products segment manufactures and distributes room and whole house ventilation products and other products for the professional remodeling and replacement markets, residential new construction market and DIY market. 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). The Company's TECH segment manufactures and distributes a broad array of products designed to provide convenience and security for residential and certain commercial applications. The Company's DMS segment manufactures and distributes a broad array of innovative products designed with ergonomic features including wall mounts, carts, arms, desk mounts, workstations, and stands that attach to or support a variety of display devices such as notebook computers, computer monitors, and flat panel displays. The RHC segment principally manufactures and sells split-system and packaged air conditioners and heat pumps, air handlers, furnaces and related equipment, accessories, and parts for the residential replacement and new construction markets, as well as for certain commercial markets. The CES segment manufactures and sells custom-designed and engineered HVAC products and systems, primarily in North America, for non-residential applications that include healthcare and educational facilities, commercial buildings, manufacturing facilities, clean rooms, data centers, and government buildings. The Company is subject to numerous federal, state, local and foreign laws and regulations.

Top Ranked Articles about Nortek Inc

Nortek, Inc. Enters Into Definitive Merger Agreement With Melrose Industries PLC

Melrose Industries PLC to Acquire Nortek, Inc. for $86 per Share in Cash

PROVIDENCE, RI--(Marketwired - Jul 6, 2016) - Nortek, Inc. (NASDAQ: NTK) ("Nortek" or the "Company"), a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, today announced that it has signed an agreement and plan of merger (the "Merger Agreement") with Melrose Industries PLC ("Melrose"), a UK listed public company and Nevada Corp., a newly created wholly owned subsidiary of Melrose, to be acquired by Melrose for $86.00 per share in cash (the "Purchase Price") -- an estimated total enterprise value of approximately $2.8 billion. The Purchase Price represents a premium of approximately 38% to Nortek's closing price on July 5, 2016, and a premium of approximately 80.4% to the volume weighted average price over the prior six month period.  Pursuant to the terms of the Merger Agreement, Nevada Corp. will conduct an all-cash tender offer for 100% of Nortek's common stock (the "Offer") and, subject to the successful completion of the Offer, Nevada Corp. will merge with and into Nortek (the "Merger" and together with the Offer, the "Transactions") resulting in Nortek becoming a wholly owned subsidiary of Melrose. The Merger Agreement was unanimously approved by Nortek's and Melrose's Boards of Directors.  Under the terms of the Merger Agreement, Melrose will commence the Offer as promptly as practicable and in any event by no later than July 11, 2016. Any shares of Nortek common stock not tendered in the Offer will be acquired by Melrose in the Merger and the holders thereof will be entitled to receive the Purchase Price. The Nortek Board intends to recommend that Nortek stockholders tender their shares to Melrose in the Offer.  The closing of the Transactions is subject to Nortek stockholders validly tendering more than 50% of the outstanding shares of Nortek common stock prior to the expiration of the Offer. Certain stockholders of Nortek, affiliated with each of Ares Management LLC, Anchorage Advisor Management LLC and Gates Capital Management, Inc., owning approximately 68.7% of the outstanding shares of Nortek common stock in the aggregate, have entered into tender and support agreements with Melrose, pursuant to which such stockholders have agreed to tender their shares in the Offer, subject to certain limited termination rights. In addition, the Transactions will require the approval of Melrose's shareholders at a meeting that is expected to occur on July 25, 2016, as well as certain regulatory approvals and other customary closing conditions. Melrose's shareholders will be voting on three resolutions related to the Transactions, two of which require a simple majority of the votes cast to approve and one that requires 75% of the votes cast to approve. The Merger Agreement does not contain a financing condition. The Transactions are expected to close by August 31, 2016.  The Merger Agreement also provides for a window shop period through August 6, 2016, during which, subject to certain procedures outlined in the Merger Agreement, Nortek may enter into discussions and negotiations with third parties that submit an unsolicited proposal to acquire the Company. Should Nortek agree to accept a superior proposal prior to 11:59 p.m. (Eastern time) on August 6, 2016, Nortek would be required to pay to Melrose a termination fee equal to $50 million. For further information relating to the terms of the Merger Agreement and a complete copy of the Merger Agreement please see the Current Report on Form 8-K that will be filed by Nortek with the Securities and Exchange Commission today. "We are very pleased to have reached the proposed agreement with Melrose Industries, which represents a significant premium for our shareholders," said Nortek's President and Chief Executive Officer Michael J. Clarke. "We believe this partnership with Melrose will enhance Nortek's ability to further leverage its industry-leading brands and market positions to continue driving profitable growth. We believe this transaction will be a positive for our employees and customers alike." "We have watched and admired Nortek's progress and we are convinced we can steer this fine business to achieve its full potential," said Melrose's Chairman Christopher Miller. "We see a company full of hard-working, dedicated people who are really good at what they do. We can harness those strengths by meaningful long term investment and a vision based on our own experience in similar and relevant markets down the years. Melrose has been a highly successful custodian and builder of US businesses and we are confident that we can bring that expertise to build Nortek for the long term." Barclays, Citi and RBC Capital Markets are acting as financial advisors and Weil, Gotshal & Manges LLP is acting as legal counsel to Nortek. Nomura International is acting as financial advisor and Simpson Thacher & Bartlett LLP is acting as legal counsel to Melrose. About Nortek

Nortek is a global, diversified industrial company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. The Company's broad array of offerings includes ventilation products such as range hoods and bathroom fans, security and audio/video solutions, heating and cooling products, air management systems, and ergonomic and productivity solutions. As used herein, the term "Nortek" refers to Nortek, Inc., together with its subsidiaries, unless the context indicates otherwise. This term is used for convenience only and is not intended as a precise description of any of the separate corporations, each of which manages its own affairs. About Melrose Industries PLC

Melrose Industries is a UK listed public company. The Company's focus is to acquire high quality industrial manufacturing businesses with strong fundamentals whose performance can benefit from a change in circumstances. The strategy is based on supporting and incentivizing management teams to transform and grow their businesses without the burden of quarterly reporting or restrictive financing covenants, achieving above market profit growth and increased operating margins. Through a combination of overhead reduction and gross margin expansion, achieved through targeted investment in portfolio businesses, Melrose has been able to increase headline operating margins by five to nine percentage points in all historical investments. Melrose employs low levels of leverage but invests heavily in its businesses. On average, Melrose invests a further third of the original purchase price in its businesses post-acquisition. Important Information

The tender offer for the outstanding common stock of the Company referred to in this press release has not yet commenced. This press release is not an offer to purchase or a solicitation of an offer to sell shares of the Company's common stock. The solicitation and the offer to purchase shares of the Company's common stock will only be made pursuant to an offer to purchase and related materials that Melrose and Nevada Corp. intend to file with the Securities and Exchange Commission (the "SEC"). At the time the tender offer is commenced, Melrose and Nevada Corp. will file a Tender Offer Statement on Schedule TO with the SEC, and soon thereafter the Company will file a Solicitation / Recommendation Statement on Schedule 14D-9 with respect to the tender offer. STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ THE SCHEDULE TO (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND OTHER OFFER DOCUMENTS) AND THE SCHEDULE 14D-9, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BEFORE MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES THERETO. The Offer to Purchase, the related Letter of Transmittal and certain other offer documents, as well as the Solicitation / Recommendation Statement, will be made available to all holders of shares of the Company's common stock at no expense to them. The tender offer materials and the Solicitation / Recommendation Statement will be made available for free at the SEC's website at www.sec.gov. Safe Harbor Statement

This press release includes statements that constitute "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "intend," "may," "plan," "potential," "project," "seek," "should," "will," or "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on Nortek's current plans and expectations and involve risks and uncertainties, over which we have no control, that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Nortek undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. For further information, readers are urged to carefully review and consider the reports and filings of Nortek with the Securities and Exchange Commission including the description of "risk factors" set forth under Item 1A in our Annual Report on Form 10-K and any further disclosures the Company makes on related subjects in subsequent reports filed with the SEC.


Michael Botelho

Vice President

Strategy and Investor Relations

Nortek, Inc.


Email Contact

Ergotron, Inc. Announces Settlement Agreement With Humanscale

Humanscale Enters Into Patent License Agreement With Ergotron Relating to Humanscales QuickStand(TM) Product Line

ST. PAUL, MN--(Marketwired - Jun 8, 2016) - Ergotron, Inc., a Nortek Company (NASDAQ: NTK) and global leader in the sit-stand workplace revolution, announced today that it has reached a settlement agreement with the Humanscale Corporation, ending a lawsuit filed by Ergotron in February 2016 in the District of Minnesota. Under the terms of the settlement, Humanscale has entered into a patent license agreement with Ergotron relating to Humanscale's QuickStand™ product line. About Ergotron

Ergotron, Inc. is a global manufacturer of leading digital display mounting, furniture, and mobility products that have been improving the human interface with digital displays for over 35 years. This history of innovation and passion for differentiation is evidenced in over 192 patents and a growing portfolio of award winning brands -- OmniMount®, LearnFit®, StyleView®, TeachWell®, WorkFit®, Anthro, Neo-Flex® and ErgotronHome™ -- for computer monitors, notebooks, tablets, flat panel displays and TVs. Ergotron's products incorporate patented CF™ lift and pivot motion technology to achieve less effort and more ergonomic motion for a healthier and more interactive user experience when viewing any digital display. Whether to enhance computing wellness or entertainment excitement improve workplace productivity or create business process efficiencies, Ergotron's products are positioning your digital world. Ergotron is headquartered in Saint Paul, Minnesota, with sales efforts in Phoenix, Amersfoort, London, Tokyo, and Singapore. Ergotron is a subsidiary of Nortek, Inc. (NASDAQ: NTK), a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. Please visit www.nortek.com for more information. About Nortek

Nortek, Inc. (NASDAQ:NTK) is a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. Please visit www.nortekinc.com for more information.

Media Contact:

Michelle Judd

Ergotron, Inc.

[email protected]


Panamax by Core Brands Introduces Full-Featured IP Controlled Vertical Power Conditioner - the VT4315-PRO

LAS VEGAS, NV--(Marketwired - Jun 8, 2016) - Furthering its commitment to provide integrators with robust power management solutions that satisfy real-world needs Panamax, by Core Brands, a Nortek company (NASDAQ: NTK), today introduced its all new VT4315-PRO at InfoComm 2016. The new vertical power conditioner with IP control capabilities is on display at Core Brands' Furman Booth #C11322 in the Las Vegas Convention Center in Las Vegas, Nevada from June 8-10, 2016. "The Panamax VT4315-PRO essentially employs a new angle to the popular M4315-PRO BlueBOLT-enabled power conditioner to provide a full-featured power management solution that doesn't take up any significant rack space," said John Benz, Core Brands Director of Power. "This new product offers the ideal solution for commercial integrators who are looking for remote power management functionality. By leveraging the same BlueBOLT IP control technology as the Furman Contractor Series and other products in the Panamax PRO series, the Panamax VT4315-PRO controls 12 outlets in 8 banks -- 4 individually controlled outlets and 8 in paired duplex banks. This enables remote monitoring and reboot in real-time or via scheduled commands of the connected equipment in the rack." The VT4315-PRO features Panamax's exclusive Protect-or-Disconnect surge protection and Automatic Voltage Monitoring (AVM) over/under voltage protection for complete peace of mind, plus Linear Filtering for best performance of protected equipment. Additionally, Gigabit-ready and high-bandwidth coaxial signal-side protection are on board to safeguard from lightning damage that may come from incoming signal lines. For more information, visit Furman Booth #C11322 and www.corebrands.com. About Panamax

Panamax, from Core Brands, is a sister brand to Furman and equally legendary in developing innovative power management products. Award-winning and recognized for its innovative Lifetime Warranty on almost every unit, Panamax creates solutions for installations of all sizes leveraging its many patented technologies. All Furman Commercial dealers have access to Panamax PRO products. More information is at panamax.com. About Core Brands

Core Brands combines the product and marketing strengths of iconic and award-winning control, audio, power management, connectivity and video distribution brands including ELAN®, SpeakerCraft®, Gefen®, Niles®, Panamax®, Proficient®, Furman®, Sunfire® and Xantech® to deliver a portfolio of connected home solutions to its channel partners and end users. For further information, visit www.corebrands.com. About Nortek, Inc.

Core Brands is a Nortek company. Nortek Inc. (NASDAQ: NTK) is a global diversified company with leading brands and innovative, technology-driven products and solutions for lifestyle improvement at home and at work. For further information, please visit www.nortek.com. Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3019593

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3019595


Jess Passananti

Account Executive


(212) 481-3456 x23

Twitter: @griffin360

Email Contact




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Valuation & Return


More Statistics

Revenue (TTM) (Mil) $2,549
EPS (TTM) $ 0.65
Short Percentage of Float2.58%
52-Week Range $33.85 - 88.30
Shares Outstanding (Mil)16.31

Analyst Estimate

Dec16 Dec17
Revenue (Mil $)
EPS ($) 3.18 3.91
EPS without NRI ($) 3.18 3.91
EPS Growth Rate
(Future 3Y To 5Y Estimate)
Dividends per Share ($)
» More Articles for NTK


Articles On GuruFocus.com
Nortek, Inc. Enters Into Definitive Merger Agreement With Melrose Industries PLC Jul 06 2016 
Ergotron, Inc. Announces Settlement Agreement With Humanscale Jun 08 2016 
Panamax by Core Brands Introduces Full-Featured IP Controlled Vertical Power Conditioner - the VT431 Jun 08 2016 
Nortek Acquires Next-Generation Language Processing Platform Nuiku May 24 2016 
Nortek Closes on Its Minority Stake in MiOS Limited and Announces First Technology Integration Launc May 11 2016 
Nortek Global HVAC Introduces New 14 SEER 3-Phase Light Commercial Rooftop Unit May 10 2016 
Nortek Amends and Extends Asset-Based Credit Facility to Increase Borrowing Capacity and Improve Fin May 10 2016 
Nortek to Announce First Quarter 2016 Financial Results on May 12 Apr 29 2016 
Nortek Appoints Bruno Biasiotta as Chief Operating Officer, Air Management Apr 18 2016 
Nortek Agrees to Acquire Minority Stake in MiOS Limited Apr 05 2016 

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