Nautilus, Inc. reported its unaudited operating results on Monday for the third quarter ended September 30, 2015.
The Vancouver-headquartered company reported $70.7 million in third quarter sales, a 19.7 percent increase compared to the same quarter of 2014. The company also reported a net income of $3.7 million for the third quarter.
Bruce M. Cazenave, Nautilus’ CEO, said the growth was driven by higher sales in direct and retail segments.
“Our third quarter performance is a result of continued successful execution across all aspects of our business,” he said. “Strong top-line growth of 20 percent reflects steady momentum for the Max Trainer product line in the direct segment, coupled with increased market penetration in a number of product categories within the retail segment. As importantly, we delivered robust operating income growth of 49 percent for the quarter, resulting from the higher sales and consolidated gross margins, as well as further leverage of supply chain and general and administrative costs.”
Nautilus plans to launch new strength and cardio products in the coming months that feature enhanced connectivity and more interactive and tailored workouts.
“These products re-affirm our commitment to further diversify our portfolio and to drive the business for long-term profitable growth via industry leading design and innovation,” said Cazenave.