Nautilus Inc. announced its unaudited results this week for the fourth quarter and year ended December 31, 2015.
The Vancouver-headquartered company reported net sales of $109.1 million for the fourth quarter of 2015, a 15 percent increase compared to $94.9 million in the same quarter of 2014.
For the full year 2015, the company reported total net sales of $335.8 million, an increase of 22.3 percent over last year.
Gross margins for the fourth quarter of 2015 declined by 300 basis points to 48.1 percent, stemming from the company’s acquisition of Octane Fitness and the settlement of a previously disclosed arbitration proceeding which related to TreadClimber product licensing.
For the full year 2015, operating income was $40.3 million, compared to $30.2 million last year, an increase of 33.6 percent.
According to Bruce M. Cazenave, Nautilus’ CEO, the strong growth was driven by higher sales in both the direct and retail segments.
“We are pleased to deliver strong financial growth for both the fourth quarter and full year 2015,” he said. “Our performance reflects continued execution of our key initiatives across all aspects of our business and highlights continued success driving top line growth through product innovation and increased market penetration.”
