Nortek narrows loss in 1Q, offers ‘cautiously optimistic’ outlook

NORTEK REPORTED A NET loss of $8.6 million for the first quarter, compared with a $15.1 million loss during the same period in 2013. Nortek Inc. President and CEO Michael J. Clarke said the results reinforced the company's sense of 'cautious optimism' about the year ahead.
NORTEK REPORTED A NET loss of $8.6 million for the first quarter, compared with a $15.1 million loss during the same period in 2013. Nortek Inc. President and CEO Michael J. Clarke said the results reinforced the company's sense of 'cautious optimism' about the year ahead.
PROVIDENCE – Nortek Inc., maker of home and office security solutions, ventilation and air management products, and heating and cooling systems, posted a first-quarter net loss of $8.6 million, or 55 cents per diluted share, a reduction from the loss of $15.1 million, or 98 cent per diluted share, reported for the same period last…

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