Nautilus Updates 2017 Guidance - Quick Facts

(RTTNews) - Nautilus, Inc. (NLS) announced, on a full year basis, the company now expects to achieve revenues of $405 million to $410 million, which is roughly flat to prior year. The company expects operating income for the full year of $44 million to $46 million, a 13% to 18% decrease over prior year. The company previously projected 5%-7% growth in revenues and operating income for full year.

Bruce Cazenave, CEO, stated: "As indicated on the prior earnings call, we planned to invest a significant amount of time during the third quarter to test, modify, and optimize our messaging and media plans to support the new HVT line. As a result of these efforts, our media planning has been updated and refined for the critical holiday season, November through January 2018, but the level of success achieved from these changes remains to be seen. As such, we felt it prudent to provide updated guidance for 2017 based on some of our early learnings."

Third-quarter operating income increased 62.8% to $13.4 million compared to prior year of $8.2 million, with operating margin of 15.2%, up 500 basis points versus prior year. Total revenue increased 9.0% to $88.1 million compared to prior year of $80.8 million.