Nautilus (NLS) Tops Q2 EPS by 3c

Nautilus (NYSE: NLS) reported Q2 EPS of $0.12, $0.03 better than the analyst estimate of $0.09. Revenue for the quarter came in at $78.5 million versus the consensus estimate of $77.83 million.

Bruce M. Cazenave, Chief Executive Officer, stated, “We are very pleased with our overall performance in the second quarter. Solid revenue growth and increased gross margins in both the Direct and Retail business segments resulted in operating income growth of over 67%. The organic Retail business grew 19% and when including revenue from Octane Fitness, Retail revenue increased 89%. Our disciplined approach to revenue and operating income growth continues to pay dividends.”

Mr. Cazenave continued, “As we enter the back half of the year, we are well positioned for more growth with a number of new product introductions and increased market penetration secured in the Retail segment. Our focus on product innovation and channel diversification will provide the foundation for continued growth in market share both domestically and internationally. The integration of Octane Fitness is also progressing as expected and the early receptivity of Octane's commercial Zero Runner®, launched late in the second quarter, has been very positive. We look forward to showcasing the commercial Zero Runner® along with several other new Nautilus products at our annual September product showcase event in New York.”

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

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