Octane Acquisition Fueling The Nautilus Story
Fri, Aug. 26, 12:00 PM
Thu, Aug. 25, 5:57 PM
- Mettler-Toledo (NYSE:MTD) is set to join the S&P 500 effective Sept. 2, replacing Johnson Controls, which is being acquired by fellow index member Tyco International.
- S&P SmallCap 600 member Monolithic Power Systems (NASDAQ:MPWR) will replace MTD in the S&P MidCap 400, and WCI Communities (NYSE:WCIC) will replace MPWR in the SmallCap 600.
- Nautilus (NYSE:NLS) will replace Outerwall, which is being acquired by Apollo Global Management, in the S&P SmallCap 600.
Tue, Aug. 2, 3:33 PM
Tue, Aug. 2, 2:56 PM
- Nautilus (NLS +14.6%) rallies after edging past estimates with its Q2 report.
- Sales in the company's retail segment rose 89% Y/Y to $32.9M with the Octane Fitness business now included.
- The company expects the retail segment growth to continue. "As we enter the back half of the year, we are well positioned for more growth with a number of new product introductions and increased market penetration secured in the Retail segment," said CEO Bruze Cazenave.
- Previously: Nautilus beats by $0.03, beats on revenue (Aug. 1)
Mon, Aug. 1, 5:37 PM
Mon, Aug. 1, 4:08 PM
Sun, Jul. 31, 5:35 PM
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Tue, May 10, 10:32 AM
- Nautilus (NLS +17.6%) moves sharply higher after topping estimates on both lines of its Q1 report.
- The quarter included a significant boost from the Octane Fitness business.
- Operating income as a percentage of sales was down 230 bps to 16.0%, due in part to some higher G&A and R&D expenses, along with a shift in sales mix toward retail.
- The company announced a new $10M expansion of its share buyback program.
- Shares of Nautilus are back over $20 for the first time since the middle part of February.
- Previously: Nautilus beats by $0.03, beats on revenue (May 9)
Mon, May 9, 4:23 PM
Sun, May 8, 5:35 PM
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Tue, Feb. 23, 10:49 AM
- Nautilus (NLS -11.8%) is down sharply despite posting Q4 results that were right on the money with analyst expectations.
- The company reported a 16% increase in direct revenue to $67M and a 21% jump in retal revenue to $41.8M. Royalty income was down 84% Y/Y amid a dispute with licensee. Nautilus says it has filed a breach of contract lawsuit against the party and will pursue all remedies for payment.
- Previously: Nautilus beats by $0.01, revenue in-line (Feb. 22 2016)
Mon, Feb. 22, 4:09 PM
- Nautilus (NYSE:NLS): Q4 EPS of $0.39 beats by $0.01.
- Revenue of $109.1M (+14.9% Y/Y) in-line.
Sun, Feb. 21, 5:35 PM
Wed, Jan. 20, 12:27 PM
- Nautilus (NLS +5.5%) trades higher after releasing preliminary Q4 results.
- The company expects to report revenue of $109M vs $109.2M consensus and EPS in a range of $0.37 to $0.39 vs. $0.35 consensus.
- New products helped drive sales during the quarter, according to CEo Bruce Cazenave.
Tue, Jan. 5, 10:41 AM
- Nautilus (NYSE:NLS) spikes 10% after yesterday's acquisition prompts a pair of investment firms to push out positive notes on the company.
- DA Davidson boosts its price target on Nautilus to $26 after factoring in the Octane Fitness purchase, while B. Riley backs its Buy rating.
- Previously: Nautilus snaps up Octane Fitness (Jan. 04 2016)
Mon, Jan. 4, 7:15 AM
- Nautilus (NYSE:NLS) announces it acquired Octane Fitness from P-E firm North Castle Partners for $115M.
- The addition of the fitness products company is expected to be accretive to Nautilus beginning in the current quarter. A one-time charge of $0.11 to $0.12 will be taken by Nautilus to account for acquisition costs.