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Nautilus, Inc. Third Quarter 2006 Earnings In Line with Company Guidance.
VANCOUVER, Wash. -- Nautilus, Inc. (NYSE:NLS), a pure fitness company, today announced results for the three months ended September 30, 2006.
Net sales for the three months ended September 30, 2006, were $159.6 million, compared to $163.3 million for the corresponding period last year, down 2.3 percent. Net income for the quarter was $9.4 million, or $0.29 per diluted share, inclusive of a tax reserve reversal of $3.0 million or 9 cents per share, and inclusive of about 1.5 cents per share for stock option expensing. Excluding the tax reversal, net income for the quarter was $6.4 million or $0.20 per share, compared with $7.7 million, or $0.22 per diluted share in the year-ago quarter on a non-GAAP basis when adjusted for FAS 123R.
"Driven by continued improvement in our operational and manufacturing efficiency, our gross margins have improved to 45 percent and are the highest they have been in six quarters," said Gregg Hammann, Chairman and CEO of Nautilus, Inc. "Improving margins…
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Source: HighBeam Research, Nautilus, Inc. Third Quarter 2006 Earnings In Line with Company...
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