Nortek CEO Cautious on Residential and Non-Residential Construction Outlook

Nortek's CEO expressed caution regarding the second-half outlook for residential markets and non-residential construction activity, citing recent housing-related forecasts and a challenging market environment.

“We expect to see improvement in our residential markets in the second half, with a sense of caution in light of some of the recent housing-related forecasts. We are also cautious in our overall outlook for non-residential construction activity in the second half.”

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