Nautilus Inc. on Monday reported net sales for the first quarter ending March 31 of $59.2 million, a 15.5 percent increase from the same quarter one year ago.
The Vancouver-based maker of fitness equipment reported net income of $5.2 million, or $0.17 per diluted share, compared to $2.5 million, or $0.08 per diluted share, for the first quarter of 2012. The company said it showed strong improvement in continuing operations due to increased sales, gross margins, and income from direct sales.
"Our direct business continued to perform very well, reflecting both the steady growth of our existing products, as well as the initial success of our new products, including the Bowflex UpperCut," Nautilus CEO Bruce M. Cazenave said in an earnings release.
Nautilus makes and sells everything from muscle-building machines to cardio-workout devices. Its stock closed Monday at $6.76, up 5.13 percent.