Nautilus, Inc. said it expects to report net sales of approximately $77.1 million for the fourth quarter of 2013, an increase of 18.5 percent over the prior year. Earnings from continuing operations are estimated to be in the range of 29 to 31 cents a share, compared to 23 cents for the fourth quarter of 2012, representing a gain of approximately 32 percent.
For the full year 2013, net sales are expected to approximate $218.8 million, an increase of 12.8 percent compared to 2012. On a full year basis for 2013, earnings per share from continuing operations are expected to be in the range of 46 cents to 48 cents a share versus 34 cents per share in 2012.
“We're pleased to report sales growth in all segments of our business for the fourth quarter of 2013,” said Bruce Cazenave, CEO of Nautilus. “Continued margin improvement in both of our Direct and Retail businesses along with strategic investment in new product launches enabled us to deliver significant bottom line improvement versus the same period in the prior year. Our fourth quarter and full year results are further affirmation that our plans and initiatives are working.”
Nautilus's brands include Nautilus, Bowflex, TreadClimber, Schwinn, Schwinn Fitness and Universal.
