Net sales for Nortek, Inc. (Providence, RI) for the full year 2000 increased 10% from 1999, reaching $2.2 billion. Net earnings in 2000 were $41.6 million, compared with $49.3 million in 1999. Diluted net earnings per share for the year were $3.70, compared to $4.11 for 1999. Diluted net earnings per share reflect amortization of goodwill and other charges of $1.80 per share in 2000 and $1.53 per share in 1999.
York International (York, PA) reported its net income for the fourth quarter of last year at $22.6 million, or $0.59 per share, compared with $14.3 million, or $0.36 per share, for the fourth quarter in 1999.
Invensys Climate Controls (London, England) will be featured on Pat Summerall’s series “Champions of Industry” on the Fox Cable News Channel on March 22 at 1:30 p.m. Eastern Standard Time.
Dectron International (Roswell, GA) issued awards to three manufacturers representatives who reached over $2 million in sales for 2000. The honored companies were Faulkner/Haynes (Raleigh, NC), Imbert Corp. (Niles, IL), and Robert W. Hayes Co. Inc. (Virginia Beach, VA).
FabricAir Inc. (Louisville, KY) issued its “Innovative Sales and Marketing Techniques” award for 2000 to manufacturers representative Smiley El-Abd, vice president of G.F. Morin (Laurel, MD).
Tecumseh Products Company (Tecumseh, MI) declared a regular quarterly cash dividend of $0.32 per share, payable on March 30 to shareholders of record of its Class A and Class B common stock as of March 16.
Publication date: 03/12/2001