Nautilus Inc. reported net sales of approximately $95 million for the fourth quarter of 2014, an increase of 23 percent compared to the fourth quarter of 2013. For the full year 2014, net sales are expected to approximate $274 million, an increase of 25 percent compared to the full year 2013.
Pretax earnings per diluted share from continuing operations are estimated to be in the range of 43 – 46 cents per share for the fourth quarter of 2014, compared to 32 cents per share for the fourth quarter of 2013. On a full year basis for 2014, pretax earnings per share from continuing operations are expected to be in the range of $0.92 – $0.95 per share versus $0.51 per share for the full year 2013.
Fully diluted earnings per share from continuing operations for the fourth quarter of 2014 are expected to be in the range of 30 – 33 cents per share compared to 27 cents per share for the fourth quarter of 2013. On a full year basis for 2014, fully diluted earnings per share from continuing operations are expected to be in the range of 61 – 64 cents per share, versus $1.53 per share in 2013. Full year 2013 earnings per share include an income tax benefit of $1.05 per share as a result of the partial reversal of the valuation allowance recorded against the company’s deferred tax assets.
The company had cash, cash equivalents, and marketable securities of $72 million and no debt at December 31, 2014 compared to $41 million and no debt at December 31, 2013.
Bruce M. Cazenave, Chief Executive Officer, stated, “We are pleased to report another quarter of strong revenue and profit growth. These results are further affirmation that the new product roadmap and operational initiatives we embarked on a few years ago are effective. I am extremely proud of our dedicated employees for their outstanding efforts in delivering these results and for their hard work in continuing to build strong growth platforms for the future. We look forward to sharing further details in our upcoming earnings release and quarterly conference call.”
Nautilus plans to release its full operating results for the fourth quarter and full year 2014 in late February 2015.
