Nautilus (NLS) Reports In-Line Q2 EPS

Nautilus (NYSE: NLS) reported Q2 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $59.7 million versus the consensus estimate of $57.31 million.

Bruce M. Cazenave, Chief Executive Officer, stated, “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. We also achieved overall gross margin improvement and robust operating income growth while continuing to invest in key growth initiatives. Our Direct segment benefited from strong consumer demand for a number of our product offerings including the Bowflex Max Trainer®. The Retail sales increase reflects continued positive response from retail partners across a broad base of cardio and strength products, including the treadmill lineup introduced in the second half of last year.”

Mr. Cazenave continued, “We are well positioned going into the second half of 2015. 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. We will be previewing many of these introductions in late September at our new product showcase event in New York.”

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

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