VANCOUVER, WA — Revenue at Nautilus is looking up as the company introduces a new line of strength equipment later this month. The company had record net sales of $199.3 million for fourth quarter 2006, an increase of 10 percent from the same quarter last year when the revenue was $182 million. Net income had an even greater increase, rising from $2 million in the fourth quarter of 2005 to $12.9 million in the fourth quarter of 2006.
For the 12 months ending Dec. 31, 2006, the company generated $681.5 million in net sales compared to $631.3 million in 2005, an 8 percent increase. Net income for fiscal year 2006 was $29.1 million compared to $23 million in fiscal 2005.
“We achieved record net sales for the fourth quarter and 2006, and are well positioned for solid top and bottom line growth in 2007 with an exciting pipeline of innovative fitness products and education across all channels of distribution,” says Gregg Hammann, chairman and CEO of Nautilus Inc.
One of the products Hammann refers to is a new strength line that will be launched later this month at the International Health, Racquet and Sportsclub Association (IHRSA) show in San Francisco. The company is keeping quiet about the details of the line, but one photograph released by the company shows that the line will include a dial similar to those on the company's SelectTech consumer products.
For fiscal year 2007, the company expects net sales growth of approximately 10 percent and diluted earnings growth of 20 percent to 30 percent from a 2006 pro forma base of $0.81 per share.