Nautilus, Inc. reported this week its unaudited operating results for the fourth quarter and full-year ended December 31, 2014.
The Vancouver-headquartered company reported $94.9 million in net sales for the quarter, an increase of 23 percent compared to the fourth quarter of 2013. For the full year 2014, net sales were $274.4 million, an increase of 25 percent over last year.
Operating income from continuing operations for the fourth quarter of 2014 was $14.5 million, a 43 percent increase compared to $10.1 million in the same period last year. For the full year 2014, operating income from continuing operations was $30.2 million, compared to $15.7 million last year, an increase of 92 percent.
The company attributed the strong numbers to higher sales in both its direct and retail segments.
“We are pleased to deliver another quarter of strong financial performance that helped cement an outstanding year of sales and profit growth for the company,” said Nautilus CEO Bruce Cazenave. “As we reflect back on our performance against major initiatives for 2014, we clearly benefited from the successful execution of our key strategies; namely, continued product innovation, improving margins, and leveraging our infrastructure.
“As we begin 2015, we are excited about the progress we have made in positioning our company for another year of profitable growth,” he added. “During this year we hope to further diversify our revenue stream as we gain more traction with new products, both those that were recently introduced as well as others that are in the pipeline for 2015, and also in international markets where the opportunities are still largely untapped.”
