Scott Bailes hired by The Sports Facilities Management to oversee day-to-day operations at American’s Baseball Tournament Destination in Branson, MO
(Branson, MO) May 15, 2020 – With the first summer tournament only a few weeks away, the Ballparks of America staff is now ready to bring in teams for an exceptional 2020 season. After a national talent search, the four owners who oversee the project in partnership with Sports Facilities Management (SFM), have selected Scott Bailes as General Manager for the sports complex.
Upon high school graduation Bailes attended Missouri State University on a baseball scholarship. Later drafted by the Pittsburgh Pirates to play professional baseball in 1982 and after a trade in 1985 to the Cleveland Indians, Bailes started the 1986 season with the major league team. His major league career spanned nearly ten seasons, with stops in Cleveland, California and Texas. Upon retirement he founded Sports World, an indoor sports training facility while serving a four year term as a city councilman and currently serves on the Springfield-Greene County Parkboard.
Bailes worked with the Cardinals organization for eight seasons as Director of Development and continues today as the color commentator on all television broadcasts. In addition, Bailes serves as part owner of the locally famous Ebbets Field bar and restaurant. With his wealth of knowledge and reputation in the baseball world, SFM believes Bailes to be the perfect fit at Ballparks of America.
“Scott Bailes has a background in the major leagues and we knew he would be a great fit,” says Lori Moore, Account Executive of SFM. “We have seen his influence in his various roles not only as a professional baseball player but also after his retirement. We have no doubt he will exceed expectations as the General Manager of Ballparks of America.”
In regards to the opportunity to work for Ballparks of America, Bailes adds, “I am honored to work for SFM and to join the Ballparks team. I look forward to bringing my expertise to the complex and offering visitors to this national beacon an exceptional experience in baseball.”
As an SFM-managed property, Ballparks of America joins the SFM Network, the industry’s largest and fastest growing network of sports tourism properties in the U.S. The SFM Network hosts more than 25 million guests visits each year across associated venues and is forecast to produce more than $1 billion in economic impact in the next five years.
For more information about the weeklong Ballpark of America experience, to review availability, or register for a tournament; visit https://www.ballparksofamerica.com.
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Located in Branson, Missouri, Ballparks of America is an international baseball tournament destination. Our signature features are our on campus stay and play suites and our two-thirds scale replicas of 5 classic American ballparks, complete with the dimensions and elements that make each of these iconic stadiums unique. The latest technology in synthetic turf provides the most consistent playing surface throughout the summer season, complete with covered dugouts, bullpen areas, Musco lighting and stadium-style seating at various fields for an MLB experience. Learn more or register for your next tournament: www.ballparksofamerica.com
May 05, 2020 04:05 PM Eastern Daylight Time
VANCOUVER, Wash.–(BUSINESS WIRE)–Nautilus, Inc. (NYSE: NLS) today reported its unaudited operating results for the first quarter of 2020.
- Net sales were $93.7 million, up 11.0% compared to $84.4 million, driven primarily by strong demand for strength and cardio products, particularly the Bowflex® SelectTech® weights and the new connected-fitness bikes. Additionally, the Company was able to capture the accelerated demand for home fitness resulting from COVID-19 stay-at-home orders in the last few weeks of March through strong omni-channel execution.
- Operating expenses decreased by 21.4% to $36.2 million compared to $46.0 million, primarily due to increased expense discipline, particularly in advertising expenses which delivered strong ROI in Q1.
- Operating loss decreased by 94.5% to $0.6 million compared to loss of $10.2 million.
- Income from continuing operations increased to $2.3 million, or $0.08 per diluted share, compared to loss from continuing operations of $8.5 million, or $0.29 per diluted share, driven by higher revenue, expense discipline, and aided by the tax benefit related to the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).
- EBITDA from continuing operations increased to $2.3 million compared to an EBITDA loss of $8.1 million.
Management Comments
“In the first quarter of 2020, we achieved stronger than expected financial results, including revenue growth of 11%, our first positive sales comp since third quarter of 2018, and significantly exceeded our EBITDA estimates,” said Jim Barr, Nautilus Inc. Chief Executive Officer. “The continued momentum of our new connected fitness products and technology, as well as the strategic and operational changes instituted in the latter half of 2019 put us on track to deliver year-over-year improvement. However, when COVID-19 pandemic stay-at-home orders hit the last few weeks of the quarter, it was the agility and strong execution of the team that allowed us to maximize the opportunity provided by the surge in demand for at-home fitness products. It was rewarding to see the power of our brands, strength of our product portfolio, and reach of our omnichannel model in action when our customers needed us most. We delivered strong results across many of our brands including our Bowflex® and Schwinn® lines, in both strength and cardio products.”
“As we enter the second quarter and prepare for the remainder of 2020, we know we will be navigating a rapidly changing environment. We experienced the ripple effects of the supply chain disruption caused by COVID-19 early in the first quarter and then experienced a strong spike in demand across the product portfolio as the virus hit world-wide. Although we’ve expanded production in response to continued strong demand, we carry over a significant level of back-orders into the second quarter and believe we may not be fully caught up until the beginning of the third quarter. Additionally, while the consumer side of our business is surging, the commercial side, represented by our Octane Fitness brand, is experiencing softness, as gym closures have resulted in sales declines. Lastly, like many companies, we are closely monitoring the longer-term impact the shelter-in-place orders are having on consumer sentiment and demand.”
Mr. Barr continued, “I want to thank our dedicated employees and partners for how they’ve responded to the demands of the COVID-19 pandemic, rapidly changing our work model to remote work, dealing with disruptions in their lives, but still remaining focused on solutions to meet our customers’ needs. While delivering for customers in the short-term, our team is also balancing focus on longer-term challenges. It is important to remember that we are early in the long-term transformation of our company. We are actively gaining insights and continue to address the underlying issues that caused our multi-year revenue decline. While we believe we are making strong quarter-to-quarter progress, it is possible we will not yet produce consistent linear quarterly improvements, especially considering the array of uncertain outcomes from the longer-term impact of COVID-19. However, we believe that the company’s resolve, resilience, and agility are qualities that, when coupled with well-known brands and a strong product portfolio, will allow us to successfully implement the strategies that will return Nautilus to long-term profitable growth.”
First Quarter 2020 Segment Results Compared to First Quarter 2019
Direct Segment
- Net sales were $47.1 million, up 0.9%, from $46.7 million. Increased sales were driven primarily by strength products which grew 58.5% versus last year. Strength product sales were driven by Bowflex® SelectTech® weights and Bowflex® Home Gyms. Cardio product sales declined by 9.4% as strong demand for our connected-fitness bikes, the Bowflex® C6 and Schwinn® IC4, were not enough to fully offset declines in our Max Trainer sales.
- As of March 31, 2020, estimated revenue expected to be recognized in the future totaled $8.0 million, which represents unfulfilled consumer orders and are net of current promotional programs and sales discounts.
- Gross margin rate was 51.5%, down from 56.5%, primarily driven by unfavorable product mix and higher landed product costs. Sales declines in the higher margin Max Trainers line continue to pressure margins, while landed product costs were driven higher by tariffs and expediting shipments from our factories in Asia.
- Segment contribution income was $1.8 million, up 139.8%, compared to segment contribution loss of $4.5 million. The improvement in segment contribution was primarily driven by $6.5 million reduction in media spend, as gross profit was below last year. Advertising expenses were $13.2 million in first quarter of 2020 compared to $19.7 million first quarter of 2019.
Retail Segment
- Net sales were $45.6 million, up 23.9%, from $36.8 million with strong growth coming from both strength and cardio product sales. Strength sales up 54.6%, driven primarily by strong demand for Bowflex SelectTech® weights and Bowflex® Home Gyms. Cardio sales were up 17.7% driven by the Schwinn® IC4 connected-fitness bikes and partially offset by declines in Octane Fitness® products as gym closures have begun to affect sales of commercial-grade equipment. Although numerous retailers have temporarily closed store locations due to COVID-19, Bowflex® and Schwinn® experienced strong year-over-year sales increases through retail partners’ e-commerce and curbside pick-up platforms.
- As of March 31, 2020, estimated revenue expected to be recognized in the future totaled $5.8 million, primarily related to customer order backlog and including firm orders for future shipments. The estimated future revenues are net of contractual rebates and consideration payable for applicable Retail customers.
- We disclose retail customers whose sales are greater than 10% of total company net sales. Amazon.com accounted for 13.3% of total company net sales in the first quarter of 2020 and less than 10% of total company net sales in the first quarter of 2019.
- Gross margin was 22.6%, down from 23.3%, primarily driven by unfavorable sales mix and higher landed product costs. Landed product costs were driven higher by tariffs and expediting shipments from our factories in Asia.
- Segment contribution income was $2.4 million, up 430.9%, compared to segment contribution loss of $0.7 million. The improvement in segment contribution was primarily driven by higher net sales and reductions in operating expenses, partially offset by lower gross margin rates.
Tax Rate
- The tax rate for the first quarter was a positive 301.2%, primarily due to changes in the tax treatment of net operating losses as a result of the CARES Act. The Company anticipates carrying back 2019 and 2020 losses to the 2016 and 2017 tax years and recognized $3.2 million of tax benefit, representing the 14 point tax rate differential between 2019 and 2020 and carryback tax periods, as income in the first quarter of 2020.
Balance Sheet
As of March 31, 2020:
- Cash, cash equivalents and restricted cash were $26.5 million, and debt was $28.1 million, compared to cash and cash equivalents of $11.1 million and debt of $14.1 million as of December 31, 2019.
- $18.0 million was available for borrowing under the Wells Fargo Asset Based Lending Revolving Facility.
- Inventory was $34.9 million, compared to $54.8 million as of December 31, 2019. The decrease in inventory was primarily due to the seasonality of the business and to the surge in demand for home-fitness products.
- Working capital totaled $60.7 million versus $40.5 million at year-end 2019 as a result of reductions in trade payables and receivables.
- Trade payables were $34.2 million, compared to $74.3 million at year-end 2019 primarily due to the seasonality of the business.
- Capital expenditures totaled $1.7 million as of March 31, 2020. We are reiterating our full year capital guidance range of $8 million to $10 million for 2020.
Conference Call
Nautilus will discuss first quarter 2020 operating results during a live conference call and webcast on Tuesday, May 5, 2020 at 1:30 p.m. Pacific Time. The conference call can be accessed by calling (877) 425-9470 in North America. International callers may dial (201) 389-0878. Please note that there will be presentation slides accompanying the earnings call. The slides will be displayed live on the webcast and will be available to download via the webcast player or at http://www.nautilusinc.com/events. The webcast will be archived online within two hours after completion of the call and will be available for six months. Participants from the Company will include Jim Barr, Chief Executive Officer, Aina Konold, Chief Financial Officer and Bill McMahon, Special Assistant to the CEO.
A telephonic playback will be available from 4:30 p.m. PT, May 5, 2020 through 8:59 p.m. PT, May 19, 2020. Participants can dial (844) 512-2921 in North America and international participants can dial (412) 317-6671 to hear the playback. The passcode for the playback is 13701186.
Non-GAAP Presentation
In addition to disclosing its financial results determined in accordance with GAAP, Nautilus has presented in this release certain non-GAAP financial measures, which exclude the impact of certain items (as further described below) and provide supplemental information regarding operating performance. Nautilus presents non-GAAP financial measures as a complement to results provided in accordance with GAAP, and the non-GAAP financial measures should not be regarded as a substitute for GAAP. By disclosing these non-GAAP financial measures, management intends to provide investors with a supplemental comparison of operating results and trends for the periods presented. Management believes these measures are also useful to investors as such measures allow investors to evaluate performance using the same metrics that management uses to evaluate past performance and prospects for future performance. Nautilus strongly encourages you to review all its financial statements and publicly filed reports in their entirety and to not rely on any single financial measure.
For a quantitative reconciliation of our non-GAAP financial measures to the most comparable GAAP measures, see “Reconciliation of Non-GAAP Financial Measures” included with this release.
EBITDA from Continuing Operations
Nautilus defines EBITDA from continuing operations as its income from continuing operations, adjusted to exclude interest expense (income), income tax expense (benefit) of continuing operations, and depreciation and amortization expense. Nautilus uses EBITDA from continuing operations in evaluating its operating results and for financial and operational decision-making purposes such as budgeting and establishing operational goals. Nautilus believes that EBITDA from continuing operations helps identify underlying trends in its business that could otherwise be masked by the effect of the items that are excluded from EBITDA from continuing operations and enhances the overall understanding of the Company’s past performance and future prospects. Management believes that EBITDA is frequently used by investors, securities analysts and other interested parties in their evaluation of companies, many of which present EBITDA when reporting their results. Other companies may calculate EBITDA differently, and it may not be comparable.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global technology driven fitness solutions company that believes everyone deserves a fit and healthy life. With a brand portfolio including Bowflex ®, Nautilus®, Octane Fitness® and Schwinn ®, Nautilus, Inc. develops innovative products to support healthy living through direct and retail channels as well as in commercial channels. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.
SAN FRANCISCO, April 27, 2020 — Tonal, the world’s most intelligent home gym and personal trainer, today announced it is partnering with Theragun, the leader in percussive therapy. In addition to Theragun being available for purchase on Tonal.com starting in May and at select retail locations, Tonal is kicking off the partnership with an exclusive Mother’s Day offer that includes a Theragun G3 with Tonal purchases made before May 10th (while supplies last).
“We are very excited to be partnering with Theragun to help our customers discover the importance of recovery in building strength, which directly supports our goal of helping people be their strongest,” said Chris Stadler, CMO of Tonal. “There is also a natural brand synergy and similar core users, particularly fitness enthusiasts, strength trainers, and professional athletes looking to improve their performance, well being, and longevity.”
“Theragun University will be providing Tonal the educational content for its customers to use Theragun’s percussive therapy devices before, during, and after workouts; giving us the opportunity to promote complete whole-body wellness,” said Founder and Chief Wellness Officer of Theragun, Dr. Jason Wersland. “At Theragun, we prioritize education over anything and this partnership will not only showcase Tonal users how to properly utilize our products to the maximum potential, but also optimize the benefits in their everyday lives.”
Tonal is partnering with Theragun to bring customers the best at-home workout and recovery experience possible. Tonal is an all-in-one home gym that replaces dozens of traditional weight machines for a complete workout from home, and Theragun offers industry-leading percussive therapy for whole body healing, tension relief, recovery and performance enhancement. Bringing Tonal and Theragun together is the ultimate way to train and recover strong.
Additionally, all Tonal coaches will be trained by Theragun University to create customized recovery routines integrating Theragun’s percussive therapy devices into the overall Tonal experience. With master trainers in over 12 countries, Theragun University delivers certification courses in-person and through digital online classes. To date, Theragun has trained more than 1,000 professionals worldwide in live certification courses.
Theragun will be available for purchase on Tonal.com starting in May and at select retail locations, and future Theragun offers and recovery content will be available for existing Tonal members. In celebration of Mother’s Day, Tonal is offering a Theragun G3 ($399 value) with Tonal purchases until May 10th or while supplies last. Orders must be placed by midnight on May 3rd in order to receive the Theragun in time for Mother’s Day. More details can be found here.
About Tonal.
Tonal is the world’s most intelligent home gym and the first truly personalized approach to strength training. Tonal enables people to lead healthier lives by providing them with the equipment, technology, and guidance to effectively reach their fitness goals. Combining a cutting-edge, all-in-one design and personalized virtual coaching, it’s like having an entire gym and personal trainer, on demand, in the convenience of your home. Led by Aly Orady, a supercomputer engineer, the company makes strength training accessible to all. Tonal is backed by leading venture capital firms and investors in health and fitness. The company is headquartered in San Francisco, California.
About Theragun
Theragun, Inc. is a leading health and wellness company rooted in science and technology, helping people feel their best every day, naturally. Building on over a decade of research and development, Theragun’s portfolio of proprietary state-of-the-art products and services were created to effectively reduce tension, accelerate recovery, and improve whole-body wellness. Today, Theragun products are trusted by over 250 professional sports teams worldwide, physical therapists, trainers, chiropractors, celebrities, athletes, and everyday people in over 50 countries. Visitwww.theragun.com for the latest news and information about Theragun. Follow the brand on social media viaInstagram, Facebook, and Twitter.
Nautilus, Inc. Announces Preliminary First Quarter 2020 Sales Results
First Quarter 2020 Sales Increase by Approximately 11%, Driven by Strength of Bowflex and Schwinn Brands
Retail Segment Delivers Strong Sales Growth and Direct Segment Breaks Negative Streak
Company Raises First Quarter 2020 Guidance
VANCOUVER, Wash.–(BUSINESS WIRE)–Apr. 8, 2020– Nautilus, Inc. (NYSE: NLS) today reported preliminary first quarter 2020 sales results and offered a brief business update given the unprecedented environment related to the coronavirus disease 2019 (“COVID-19”).
First Quarter 2020 Preliminary Net Sales Results
Preliminary net sales for the first quarter of 2020 were approximately $94 million, up 11% versus the same quarter in 2019, the first time quarterly sales have grown year-over-year since Q3, 2018. This increase was driven by the power of the Bowflex and Schwinn brands, recent strategic and operational changes, disciplined execution, and a near-term trend toward home fitness.
Segment Sales
Direct Segment
· Preliminary Q1, 2020 net sales were approximately $47 million, up 1% compared to Q1 2019. This is the first quarter of year-over-year sales growth for the Direct segment since Q4, 2017. Top-selling direct-to-consumer items like the Bowflex® SelectTech® dumbbells and kettlebells and the Bowflex® C6 and Schwinn® IC4 bikes more than offset lower Max Trainer® sales. Both the Bowflex C6 and Schwinn IC4 connected-fitness bikes have been popular with consumers since they were first introduced in October 2019.
Retail Segment
· Preliminary Q1, 2020 net sales were approximately $46 million, up 24% compared to Q1 2019. Strong sales of Bowflex and Schwinn home fitness products more than offset weaker performance in the Octane Fitness commercial line. Like the Direct segment, the Retail segment was boosted by strong demand for Bowflex SelectTech 552 adjustable weights and Schwinn IC4 connected-fitness bikes. Although numerous retailers have temporarily closed store locations due to COVID-19, Bowflex and Schwinn experienced strong year-over-year sales increases through retail partners’ ecommerce and curbside pick-up platforms.
In addition to meeting strong customer demand, Nautilus is focused on the health and welfare of its employees. Before government orders were in place in the jurisdictions where Nautilus conducts business, the Company implemented its work from home policies for most employees world-wide, while continuing to provide leading customer care for Direct and Retail customers. The Company’s distribution centers remain open for both receiving and shipping with strict guidelines on social distancing and worker health and safety protocols.
Manufacturing and Supply Chain
A significant volume of Nautilus products is manufactured in China and most workers in the factories the Company utilizes have returned to work. Further, ground transportation to the ports, and shipping capabilities from China are improving daily. Management is working closely with partners across its entire supply chain to improve production and delivery timelines and has expedited deliveries to the U.S. and Europe to meet increased customer demand.
Management Comments
Jim Barr, Chief Executive Officer of Nautilus Inc., noted, “The power of our trusted brands, quality products, and strong execution in sales, marketing, and supply chain fueled significant growth and strong results in Q1. COVID-19 has created a heightened need for home-fitness products and our company was able to meet customer demand well, through both the Direct and Retail segments. We reversed five quarters of year-over-year sales declines and delivered sales growth of 11% in Q1, 2020 as customers gravitated to key products like the Bowflex SelectTech dumbbells, Bowflex C6 bike, and the Schwinn IC4 bike. Demand for many of our home-fitness products continues to outpace supply and we are pulling all levers to accelerate the manufacturing and delivery of key products. Our better than expected EBITDA is the result, in part, of the strategic and operational improvements we’ve made recently, combined with a dedicated and engaged employee base focused on consistent execution.
While these short-term results have exceeded expectations, it is prudent to realize the coming quarters may present added challenges for all businesses as we better understand the longer-term impacts of COVID-19. Short-term, it may remain a significant challenge to fully match the unplanned surge in demand with supply. Looking to the long term, like many companies, we will be evaluating the potential impact and duration of the pandemic on the overall macro-economic environment.”
Mr. Barr continued, “Our management team is very proud of our employees and how they faced this current adversity. We rapidly and profoundly changed our historical working model, well ahead of government mandates, and have created new solutions to ensure we are meeting our customers’ enhanced needs. Our supply chain and front-line customer care teams have been handling holiday-level volumes with very little time to prepare. I want to thank our employees and partners for their amazing efforts and for coming together as a team for our customers. We believe this challenge has brought out the best in our company, further demonstrating our resolve, resilience, and agility, qualities that make us stronger, and will serve us well in our efforts to return to long-term profitable growth.”
Raising First Quarter 2020 Guidance
The Company now expects EBITDA from continuing operations to be in the range of $0.0 million to positive $1.5 million. This information is preliminary and based upon information available as of the date of this release. While preliminary Q1 results have exceeded expectations, it is prudent to realize the coming quarters may present added challenges for Nautilus and other businesses as the longer-term impacts of COVID-19 are highly uncertain and cannot be predicted with confidence.
The Company does not plan to release preliminary financial information on an ongoing basis.
Liquidity
As of March 31, 2020, the Company had cash and cash equivalents of $26.5 million and debt of $28.0 million, compared to cash and cash equivalents of $11.1 million and debt of $14.1 million as of December 31, 2019. The Company had $19.3 million available for borrowing on its line of credit as of March 31, 2020.
The amounts and financial results described in this press release reflect the Company’s estimates based solely upon information available to it as of the date of this press release, which are not a comprehensive statement of its financial results or position as of March 31, 2020, and have not been reviewed or compiled by the Company’s independent registered public accounting firm. The actual amounts that the Company reports will be subject to its financial closing procedures and any final adjustments that may be made prior to the time its financial results for the period ended March 31, 2020 are finalized.
First Quarter Earnings Results Conference Call
Nautilus will host a conference call at 4:30 p.m. ET (1:30 p.m. PT) on Tuesday, May 5, 2020 to discuss the Company’s operating results for the first quarter ended March 31, 2020. The call will be broadcast live via the Internet hosted at http://www.nautilusinc.com/events and will be archived online within one hour after completion of the call. In addition, listeners may call (877) 425-9470 in North America and international listeners may call (201) 389-0878. Participants from the Company will include Jim Barr, Chief Executive Officer, Aina Konold, Chief Financial Officer, and Bill McMahon, Special Assistant to the CEO.
A telephonic playback will be available from 7:30 p.m. ET, May 5, 2020 through 11:59 p.m. ET, May 19, 2020. Participants can dial (844) 512-2921 in North America and international participants can dial (412) 317-6671 to hear the playback. The passcode for the playback is 13701186.
Non-GAAP Presentation
In addition to disclosing its financial results determined in accordance with GAAP, Nautilus has presented in this release certain non-GAAP financial measures, which exclude the impact of certain items (as further described below) and provide supplemental information regarding operating performance. Nautilus presents non-GAAP financial measures as a complement to results provided in accordance with GAAP, and the non-GAAP financial measures should not be regarded as a substitute for GAAP. By disclosing these non-GAAP financial measures, management intends to provide investors with a supplemental comparison of operating results and trends for the periods presented. Management believes these measures are also useful to investors as such measures allow investors to evaluate performance using the same metrics that management uses to evaluate past performance and prospects for future performance. Nautilus strongly encourages you to review all its financial statements and publicly filed reports in their entirety and to not rely on any single financial measure.
We have not reconciled guidance for non-GAAP financial measures to our most directly comparable GAAP measures because certain items that impact these measures are uncertain, out of our control and/or cannot be reasonably predicted or estimated at this time, such as net/income tax or benefit from continuing operations. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measures is not available without unreasonable effort.
EBITDA from Continuing Operations
Nautilus defines EBITDA from continuing operations as its income from continuing operations, adjusted to exclude interest expense (income), income tax expense (benefit) of continuing operations, and depreciation and amortization expense. Nautilus uses EBITDA from continuing operations in evaluating its operating results and for financial and operational decision-making purposes such as budgeting and establishing operational goals. Nautilus believes that EBITDA from continuing operations helps identify underlying trends in its business that could otherwise be masked by the effect of the items that are excluded from EBITDA from continuing operations and enhances the overall understanding of the Company’s past performance and future prospects. Management believes that EBITDA is frequently used by investors, securities analysts and other interested parties in their evaluation of companies, many of which present EBITDA when reporting their results. Other companies may calculate EBITDA differently, and it may not be comparable.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global technology driven fitness solutions company that believes everyone deserves a fit and healthy life. With a brand portfolio including Bowflex®, Nautilus®, Octane Fitness® and Schwinn®, Nautilus, Inc. develops innovative products to support healthy living through direct and retail channels as well as in commercial channels. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.
Forward-Looking Statements
This press release includes forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including: estimated, projected or forecasted financial and operating results for the first quarter of 2020, the expected impact of the COVID-19 pandemic on our operations and results; anticipated demand for the Company’s new and existing products; and statements regarding the Company’s prospects, resources or capabilities; planned investments, strategic initiatives and the anticipated or targeted results of such initiatives. Factors that could cause Nautilus, Inc.’s actual results to differ materially from these forward-looking statements include: weaker than expected demand for new or existing products; our ability to timely acquire inventory that meets our quality control standards from sole source foreign manufacturers at acceptable costs; an inability to pass along or otherwise mitigate the impact of raw material price increases and other cost pressures, including unfavorable currency exchange rates; experiencing delays and/or greater than anticipated costs in connection with launch of new products, entry into new markets, or strategic initiatives; our ability to hire and retain key management personnel; changes in consumer fitness trends; changes in the media consumption habits of our target consumers or the effectiveness of our media advertising; a decline in consumer spending due to unfavorable economic conditions; and softness in the retail marketplace. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the Securities and Exchange Commission, including the “Risk Factors” set forth in our Annual Report on Form 10-K, as supplemented by our quarterly reports on Form 10-Q. Such filings are available on our website or at www.sec.gov. You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent developments, events or circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200408005709/en/
Investor Relations:
John Mills
ICR, LLC
646-277-1254
[email protected]
Media:
John Fread
Nautilus, Inc.
360-859-5815
[email protected]
Carey Kerns
The Hoffman Agency
503-754-7975
[email protected]
Source: Nautilus, Inc.
Phoenix/AZ, March 17, 2020
Joe Keenan, who has served in various senior management positions since joining HEAD 9 years ago, has been promoted to VP of Sales, USA. In Keenan’s new role he will continue to manage our pro specialty sales efforts, tech rep program, as well as our key account strategy. In addition he will expand his role with a number of our key industry partners. “Joe is the consummate professional and has had success in every position he has held at HEAD. I have no doubt this will continue in his new and expanded role. He is widely respected within our industry and he is well equipped to lead our sales team forward,” said Kevin Kempin CEO & President, North America.
Additionally, Jeff Bardsley, a 27 year veteran of HEAD will be promoted to VP of Marketing, North America. Bardsley has held a variety of positions within HEAD Canada and was awarded the prestigious “HEAD Country of the Year” award leading the HEAD and Penn brands to #1 in Canada. “Jeff’s in depth knowledge of the North American market, his track record of success, and his innovative thinking will serve us well in this new role,” said Kempin.
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ABOUT HEAD
HEAD UK Ltd. is a leading global manufacturer and marketer of premium sports equipment and apparel.
Our business is organized into five divisions: Winter Sports, Racquet Sports, Diving, Sportswear and Licensing. We sell products under the HEAD (alpine skis, ski bindings, ski boots, snowboard and protection products, tennis, racquetball, paddle, squash and pickleball racquets/paddles, tennis balls and tennis footwear, sportswear and swimming products), Penn (tennis balls and racquetball balls), Tyrolia (ski bindings) and Mares, SSI and rEvo
(diving) brands.
The Company´s key products have attained leading market positions based on sales and reputation and have gained high visibility through their use by many of today´s top athletes.
MEDIA CONTACT:
Allison Barnett – Brand Manager
602-447-2324, [email protected]
Jamie Cox brings successful track record to Panama City Beach
PANAMA CITY BEACH, FL (February 25, 2020) – The premier sports tourism complex, Panama City Beach Sports Complex, spearheaded by Visit Panama City Beach and managed by Sports Facilities Management (SFM), has hired Jamie Cox as General Manager. Cox is an experienced sports tourism industry leader, coming from the high-performing and award-winning Hoover Metropolitan Complex.
SFM and Visit Panama City Beach engaged in a comprehensive and nation-wide hiring process. In addition to the external talent search and as an SFM Network facility, Panama City Beach Sports Complex has access to a database of more than 500 talented team members to recruit for open positions.
Cox shared his enthusiasm for the new role stating: “I am thrilled to join the talented team at Visit Panama City Beach and the Sports Complex. I appreciate the opportunity and look forward to building on the incredible momentum generated by the complex in pre-opening and in this first year of operation. I am honored to work within the SFM Network and I look forward to building on the success and adding new events to the ‘World’s Best Beaches’.”
Cox joins the Panama City Beach team with 15 years of experience in the sports industry. Cox spent the last three years in Hoover, Alabama opening and making the Hoover Metropolitan Complex one of the highest performing sports venues in the country. Cox was instrumental in leading the business development efforts culminating in $50 million dollars in visitor spending to the region in 2019. He has also served as a Sports and Wellness Director for both the Atlanta and Birmingham YMCA associations.
President and CEO of Visit Panama City Beach, Dan Rowe commented, “Jamie is an excellent addition to the team at the Sports Complex. We were impressed with his knowledge of the industry and successful booking statistics exhibited at Hoover Metropolitan Complex. We are confident in his ability to bring the same success to our complex and the Panama City Beach community at large.”
“Jamie is a winner, and it is a priviledge to see hard working team members rewarded.” added Jason Clement, CEO and Founder of SFM. “Jamie has been a tremendous asset to the Hoover team, serving high profile events like the SEC Baseball Tournament, Perfect Game, and numerous long field football, soccer, and lacrosse events to that community. His relationship building, work ethic, and accountability provide an example for all of us in the SFM Network. He will serve Panama City Beach well.”
If you would like more information about the Panama City Beach Sports Complex, or for inquiries on booking your tournament or event at the facility, please contact Jamie Cox at [email protected].
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About Sports Facilities Advisory and Management: Sports Facilities Advisory, LLC (SFA) and Sports Facilities Management, LLC (SFM) are both headquartered in Clearwater, FL. Founded in 2003, SFA has served more than 2,000 communities, produced more than $10 billion in institutional-grade financial forecasts, and provided funding strategies and solutions for more than 70+ youth and amateur sports and recreation complexes worldwide. SFM provides industry-leading, results-driven management solutions for sports, fitness, recreation, and event venues nationwide. SFM-affiliated venues have hosted more than 100 million visitors and generated hundreds of millions of dollars in economic impact. For more information, visit: sportadvisory.com and sfmnetwork.com.
Contact: Vice President, Ashley Whittaker
Company: Sports Facilities Management
Email: [email protected]
New ownership group for national baseball destination partners with SFM as outsourced management solution
(Branson, MO) February 25, 2020 – Thousands of baseball players and their families will flock to Branson, MO in 2020 to play baseball at the Ballparks of America sports complex. The landmark attraction, which opened in 2016, has recently been acquired by a group of four Springfield, MO businessmen. The group, comprised of Greg Snider, Paul Satterwhite, Dale Helle, and Steve Strobel, has elected to outsource the management of the facility including booking, marketing, and daily operations to the Sports Facilities Management (SFM), a nationally recognized provider of management services for youth sports, community recreation, events, and entertainment.
Satterwhite, one of the new partners and Springfield attorney says the team has plans for building upon the outstanding brand and reputation of the facility and enhancing the physical property. “We’re excited to usher in the next generation of players to Ballparks with enhanced guest experiences, upgraded facilities, and high quality tournaments,” said Satterwhite. “We believe SFM is the right partner to help us achieve our dual goals of a great baseball and family vacation experience while making a significant impact on the community.”
The Ballparks of America complex is best known for featuring two-thirds replicas of 5 classic ballparks including Chicago’s Wrigley Field, Boston’s Fenway Park, St. Louis’ Busch Stadium, Detroit’s Tiger Stadium, and Brooklyn’s Ebbets Field. Since opening, the facility has produced substantial economic impact to Branson through their week-long summer baseball tournaments and a variety of hosted events including the Cal Ripken/Babe Ruth Major 70 World Series.
“Ballparks of America is a well known destination in the industry providing a unique service highlighted by the dorm experience for teams and coaches,” says SFM CEO and Founder, Jason Clement. “By layering in SFM’s systems and our dedicated team, we are positioned to make 2020 their best year yet. Our values align perfectly with the Owners, and we are thrilled to partner in bringing their vision to life by maximizing the performance and guest experience of the facility.”
As an SFM-managed property, Ballparks of America joins the SFM Network, the industry’s largest and fastest growing network of sports tourism properties in the U.S. The SFM Network hosts more than 25 million guests visits each year across associated venues and is forecast to produce more than $1 billion in economic impact in the next five years.
“We wanted to surround ourselves with the best team possible,” says Ballparks of America co-owner Greg Snider. “We are not only passionate about putting on the nation’s best baseball tournaments, but the power of sport to positively impact kids’ lives. SFM shares those values and is going to help us take the facility and operation to the next level.”
For more information about the weeklong Ballpark of America experience, to review availability, or register for a tournament; visit https://www.ballparksofamerica.com.
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Located in Branson, Missouri, Ballparks of America is an international baseball tournament destination. Our signature features are our on campus stay and play suites and our two-thirds scale replicas of 5 classic American ballparks, complete with the dimensions and elements that make each of these iconic stadiums unique. The latest technology in synthetic turf provides the most consistent playing surface throughout the summer season, complete with covered dugouts, bullpen areas, Musco lighting and stadium-style seating at various fields for an MLB experience. Learn more or register for your next tournament: www.ballparksofamerica.com
FEBRUARY 20, 2020
Nautilus, Inc. (NYSE: NLS), the innovation leader in home fitness for over 40 years, announced that Octane Fitness recently completed its first hotel installation of the top-of-the-line Max Trainer® machine, the MT8000, with the new LG TV screen, at the redesigned Anaheim Marriott near the Disneyland® Resort in Anaheim, California. The hotel’s 2,000-square-foot fitness center, which was recently upgraded, now includes one MT8000 and two XT-4700 ellipticals from Octane Fitness, among other cardio and strength training machines.
Based on the success of Octane’s first commercial Max Trainer model, the MT8000 was specifically chosen for the Anaheim Marriott given its small footprint, unique biomechanics and wide variety of HIIT workouts.
The MT8000 is intuitive to use, with a broad range of resistance to accommodate steady-state routines and HIIT sessions. The Floors program builds endurance as users virtually climb the Empire State Building, once or multiple times, from 100 to 1000 floors. The Max 14 Interval workout is a 14-minute session that maximizes efficiency and effectiveness. Other HIIT regimens include the unique 30:30 Interval and MMA regimens.
Seamlessly integrating with Octane’s smart console, the new LG TV offers dynamic workout feedback, internet access and a multitude of TV and entertainment selections. The premium 15.6-inch touch screen features superior image quality, easy access to control buttons and broad tuner capabilities.
Priced beginning at $6,698, the MT8000 is available from Octane’s direct sales team and authorized specialty fitness dealers.
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For more information, contact the company at 888-OCTANE4 (888-628-2634) or www.octanefitness.com.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global technology-driven fitness solutions company that believes everyone deserves a fit and healthy life. With a brand portfolio including Bowflex®, Nautilus®, Octane Fitness®, and Schwinn®, Nautilus, Inc. develops innovative products to support healthy living through direct and retail channels as well as in commercial channels. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.
BALTIMORE, Feb. 5, 2020 – Today, Under Armour announced that Colin Browne has been appointed Chief Operating Officer (COO) and Paul Fipps has been named Chief Experience Officer (CXO), a newly created position. Effective February 17th, both positions will report directly to Under Armour’s President & CEO Patrik Frisk.
“Both Colin and Paul are proven leaders who have played significant roles in Under Armour’s ongoing strategic and operational transformation. As we continue work to instill greater efficiency and discipline across the brand to enable deeper connections with consumers, these leadership appointments further advance our ability to evolve as the Human Performance Company and successfully execute against our long-term strategies.” said Frisk.
Colin Browne – Chief Operating Officer (COO)
As COO, Browne has responsibility for the company’s supply chain and sourcing operations, demand planning, distribution, information technology, business process management, corporate real estate, asset protection and sustainability. Browne previously served as the company’s Chief Supply Chain Officer from 2017 to 2020 with responsibility for all global operations related to product sourcing and logistics after joining in 2016 as President of Global Sourcing. Prior to that, he was Vice President and Managing Director of Supply Chain at VF Corporation where he led all aspects of the company’s sourcing and product supply organization in Asia and Africa. Before VF Corporation, Browne was the Executive Vice President of Footwear and Accessories at Li & Fung, CEO of Pentland Brands in Asia, and held senior leadership positions at Reebok and Bally.
Paul Fipps – Chief Experience Officer (CXO)
As CXO, Fipps is responsible for the company’s overall consumer experience and digital strategy including its global retail and e-commerce business, Connected Fitness platform, software engineering, customer relationship management, human performance and data science functions. Previously, he served as Chief Digital Officer from 2018 through 2020 with responsibility for global e-commerce, digital products, software engineering, large-scale technology investments and Under Armour’s Connected Fitness business, and as Chief Technology Officer from 2017 through 2018, with responsibility for overseeing all aspects of the company’s web and mobile applications, engineering and information technology. Prior to this role, he served as the company’s Chief Information Officer and Executive Vice President of Global Operations after joining Under Armour in 2014 as Senior Vice President of Global Operations. Before Under Armour, Paul held several leadership roles at Breakthru Beverage Group including Chief Information Officer and Corporate Vice President of Business Services. He holds a B.S. and MBA from the University of Baltimore, is a graduate of The Wharton School’s Advance Management Program, and is a U.S. Army veteran.
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer and distributor of branded athletic performance apparel, footwear and accessories. Powered by one of the world’s largest digitally connected fitness and wellness communities, Under Armour’s innovative products and experiences are designed to help advance human performance, making all athletes better. For further information, please visit https://about.underarmour.com.
Position underpins global dynamic expansion of Troy product and partners
HOUSTON – January, 2020 – Troy Barbell and Fitness, the industry leader in quality and innovation, today announced the latest addition to their management team. New VP of Sales and Marketing, Robert Quast, brings with him nearly 30 years’ experience in the fitness industry across world-renowned brands.
With a reputation for industry-leading material quality, design and durability, Troy is committed to investing in new product innovation, research and development in order to continue to evolve and grow opportunities for customers, partners and the wider industry.
The appointment of Quast consolidates this strategy by bringing some serious worldwide fitness industry credentials to support channel growth and diversification as well as to create added value and customer solutions.
Mr. Louis Lien, President and Owner of Troy, comments, “We take pride in hiring the best and brightest employees. We respect and value each individual and how they play on the team as a whole. Robert’s approach to business is a perfect fit for us and he brings with him such a wealth of industry knowledge and expertise.”
Quast’s experience across key areas such as sales, product development, marketing, business development and education make him a key hire for Troy as they look to expand globally whilst staying true to their roots of quality, customer service and committed relationships.
Robert says, “I’m excited for the new challenge presented at Troy. They’re a business with great heritage and respected product. There’s a huge opportunity to connect with customers and partners in a new way and tell their story. I’m looking forward to meeting the extended Troy ‘family’ and to growing new partners and connections overseas.”
About Troy Barbell & Fitness
Founded in 1987, Troy has steadily grown to become one of the premier free-weight and accessory manufacturers in the fitness industry. Comprising of three brands – Troy (premium, quality, customisable free weights), VTX (speciality & functional fitness) and USA (best in class home fitness products), the Troy lines all set high standards. Headquartered in Houston, Texas, and supplemented with distribution warehouses in New Jersey and California, Troy Barbell & Fitness prides themselves on being uniquely positioned to be the one-stop free weight and accessory provider of choice.
713-957-2882
10600 Shadow Wood Dr #301, Houston, Texas 77043, USA