Nautilus reports Q4 EPS 89c, consensus 75c
Reports Q4 revenue $189.3M, consensus $191.73M. The company said sales growth was driven primarily by continued demand for connected-fitness bikes, as well as "robust sales" of SelectTech weights and Bowflex Home Gyms. "Strong execution across the organization coupled with supply chain improvements that began earlier in the year drove these record results. Importantly, due to the severe shortage of shipping containers, some factory fulfilled orders, representing over $16 million in revenue, did not ship in late December. Container shortages, worsening global logistics disruptions, and continued factory capacity constraints resulted in $91.5 million of backlog," Nautilus said.