Nortek’s AVC Segment Shrinks Q1 Operating Loss

Nortek’s audio, video and control solutions (AVC) segment shrank its first-quarter 2015 operating loss to $2.4 million from the year-ago $4.7 million loss, parent company Nortek reported.
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Nortek’s audio, video and control solutions (AVC) segment shrank its first-quarter 2015 operating loss to $2.4 million from the year-ago $4.7 million loss, parent company Nortek reported.

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The segment’s sales also shrank, this time by 9.5 percent to $32.5 million compared to the year-ago quarter. The decrease, however, “primarily reflected lower sales of professional video-signal management products” rather than electronics and home automation products sold to the residential market, the company noted.

“For our AV businesses,” the company said, “although sales were down in the quarter, our operating loss was reduced year-over-year, reflecting, in part, the restructuring and repositioning actions taken in the second half of 2014.” 


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