Nautilus reports net 4th Q sales of $155 million

The Nautilus Group (NYSE: NLS) has reported preliminary net sales for the fourth quarter of $150 million to $155 million, compared to $125 million for the same period last year. Earnings per share for the quarter are expected to range from $0.66 to $0.69, compared to $0.57. For the full fiscal year ending Dec. 31, 2002, the Vancouver, Wash.-based company said it expects to report net sales in the range of $579 million to $584 million — compared to $364 million in 2001 — with earnings expected to be in the range of $2.76 to $2.79 per share, compared to $1.85 per share in 2001. Final results will be available Feb. 6. In addition, the company said it expects revenues in 2003 to range from $580 million to $600 million, with operating cash flow for 2003 to be approximately $85 million to $95 million. “While 2003 earnings guidance is slightly lower than 2002, our business remains healthy, we have a strong balance sheet, and have consistently produced solid operating results and cash flow. Finally, we are excited to announce that we plan to introduce a new product through our direct marketing channel during the second quarter of 2003,” said Brian Cook, CEO.