Sales rose in Nortek’s AVC segment (audio, video and control solutions) in the third quarter by 1.5 percent to $47.6 million, but the segment’s operating loss almost tripled to $6.3 million compared with a year-ago loss of $2.2 million.
For the nine-month period, sales were off 9.9 percent to $120.5 million, and operating losses more than doubled to $19.1 million compared with the year-ago $8.3 million operating loss.
The AVC segment mainly consists of residential audio/video equipment (including architectural speakers and power conditioners) and home-control equipment, but it also includes professional video signal-management solutions. Brands include Elan, Niles, SpeakerCraft, Proficient, and Xantech.
