In a second quarter 2015 earnings report, Nautilus Inc. (NYSE: NLS) today reported $59.7 million in net sales and a net income of $2.4 million. The nearly $60 million in quarter two net sales is a 23 percent increase compared to the same quarter last year.
Bruce Cazenave, CEO of the Vancouver-headquartered company, said the strong growth was driven by higher sales within the company’s direct and retail segments.
“We are pleased to report another quarter of strong financial results, which include solid double-digit sales increases for both the direct and retail segments,” he said. “We also achieved overall gross margin improvement and robust operating income growth while continuing to invest in key growth initiatives.”
Operating income from continuing operations for the second quarter of 2015 was $3.9 million, according to the report. That’s a 65.3 percent increase over operating income from continuing operations reported in the same quarter of 2014.
Looking ahead to the rest of the year, Cazenave said the company is in good position to continue its positive momentum.
“There is good momentum in the base business plus we are launching a number of exciting products in the coming months, including new bikes, smart SelectTech® dumbbells, and a refreshed TreadClimber® line,” he said.
Nautilus plans to preview many of its new products during a showcase event in New York in late September.
