Direct, Retail Sales Fall During Nautilus’s Fourth Quarter

Nautilus Inc. generated $411.2 million in sales during 2008, a drop from the $501.5 million it pulled in during 2007. The company recorded a continuing operations loss of $93 million, but did not report its net income or loss.

The decline in net sales reflected drops across all of its business segments, including direct retail and commercial. Nautilus did not break out results by segment.

For the fourth quarter, Nautilus pulled in $92.3 million in net sales, down from $146.7 million in fourth quarter 2007. Its loss from continuing operations was 432 million, which included pre-tax charges of $34.1 million, of which $19.4 million was related to the suspension of its acquisition of the Land America manufacturing facility in China.

Within its three operating segments, direct sales dropped 41.7%, from $61.9 million a year ago to $36.1 million in fourth quarter 2008. Retail sales fell from $41.4 million to $28.5 million, and commercial sales dropped from $41.9 million to $26.4 million.

Nautilus markets a variety of fitness products, including Nautilus; Bowflex; Schwinn Fitness; StairMaster and Universal.

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