Nautilus reports $96 million in first quarter sales

Nautilus Inc. reported its unaudited operating results on Monday for the first quarter ended March 31, 2015.

The Vancouver-headquartered company reported $96.2 million in net sales for the quarter, a 34 percent increase compared to the fourth quarter of 2014.

The company said its strong growth was driven by higher sales in both the direct and retail segments. Its gross margins and operating income also improved.

“We are pleased that the strong momentum established over the last few years continues, and the first quarter results give us a solid start to continuing that positive momentum throughout fiscal year 2015,” said Bruce M. Cazenave, Nautilus’ CEO, in a press release. “The Bowflex Max Trainer product line continues to perform well and helped drive strong sales growth of 46 percent for our direct segment, as well as significant improvements in gross margin and operating income. Our retail segment sales increase of 6 percent underscores our ability to continue to meet the evolving demands of our retail partners with new products, including our recently launched treadmill line.”

Cazenave credited the company’s improved financial performance and market success over the past few years to a continued focus on product innovation, margin discipline and realizing operating leverage.