Nautilus (NLS) Tops Q1 EPS by 10c

Nautilus (NYSE: NLS) reported Q1 EPS of $0.34, $0.10 better than the analyst estimate of $0.24. Revenue for the quarter came in at $96.2 million versus the consensus estimate of $82.9 million.

Bruce Cazenave, Chief Executive Officer, stated, "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. The Bowflex Max Trainer® product line continues to perform well and helped drive strong sales growth of 46% for our Direct segment, as well as significant improvements in gross margin and operating income. Our Retail segment sales increase of 6% underscores our ability to continue to meet the evolving demands of our retail partners with new products, including our recently launched treadmill line."

Mr. Cazenave continued, "Our improved financial performance and market success over the past few years has been driven by continued focus on product innovation, margin discipline, and realizing operating leverage. I am proud of how our team is achieving a healthy balance between advancing long-term initiatives, such as diversifying our revenue stream and building further operational capabilities, combined with strong execution of near-term priorities, such as planned launches of new products staged in the pipeline for later this year."

For earnings history and earnings-related data on Nautilus (NLS) click here.

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