Nautilus Inc. announced its preliminary, unaudited results this week for the fourth quarter and year ended December 31, 2015.
The Vancouver-headquartered company reported expected net sales of approximately $109 million for the fourth quarter of 2015, an increase of 15 percent compared to the fourth quarter of 2014. Additionally, the company said that for the full year 2015, net sales are expected to be approximately $336 million, an increase of 22 percent compared to the full year 2014.
The positive earnings report comes on the heels of the company’s $115 million acquisition of Octane Fitness LLC, a fitness products company based in Minnesota.
“We are pleased to report another quarter and year of solid top line growth,” said Bruce M. Cazenave, Nautilus’ CEO. “Our fourth quarter results reflect increased sales for both our direct and retail segments, including continued strong consumer demand for the Max Trainer product line as well as strong contributions from new product categories for our retail business. The recently announced addition of Octane Fitness to our portfolio in 2016 will help to further strengthen our position in the fitness market and provide significant profitable revenue acceleration opportunities through product and channel diversification.”
Nautilus plans to release its full operating results for the fourth quarter and full year 2015 on February 22.