Nortek: AVC Segment Improved In Q4

Says operating performance "will continue to stabilize" this year.
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Nortek’s audio, video and control solutions (AVC) segment improved its operating results in the fourth quarter, and Nortek expects the segment’s operating performance “to continue to stabilize in 2015,” the company said in releasing fourth-quarter financial results.

AVC’s fourth-quarter improvement “reflected the strides we are making in the restructuring and repositioning of those businesses,” the company said without revealing the group’s fourth-quarter sales or operating results.

For the full year, however, AVC sales fell, and the group’s operating losses grew. 

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