CE Pro Video Weekly News: Analyzing Nortek Q2 Earnings; Home Automation at … – CEPro
It is always interesting when the public companies reveal their quarterly earnings.
This week it was Nortekâ€™s (NTK) turn. The company reported overall revenues down 2 percent and profits down 6 percent. More specifically, its Security group, which includes Linear, 2Gig and its PERS product line, fell a surprising 10 percent. Nortek blamed the drop on the groupâ€™s stellar Q2 in 2014.
In the A/V space, the company announced that Gefen is being moved into the Core Brands fold and TV One has been sold to an internal management group. The Core Brands group of companiesâ€”SpeakerCraft, Elan, Sunfire, Niles, Xantech, Panamax/Furman, Proficient, and BlueBOLTâ€”reported strong double-digit growth for the quarter.
Founding editor Julie Jacobson opines about the history of home automation at retail. She looks at the Sears offering in particular and discusses why it might be different.
Lastly, we invite readers to view the series of blogs from an industry insiderâ€”Joey Kolchinsky of OneVision Resources in Bostonâ€”who is decrying the lack of energy he sees from the manufacturing and integrator communities in regards to fending off the IT industry.
All of these stories can be found on cepro.com.
VIDEO: Custom electronics week in review
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