Tag Archives: Cliff Pemble

Garmin Ltd. announced it has completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions, including speakers, amplifiers, subwoofers and other audio components for marine, aftermarket automotive, powersports, home and RV customers. “We are thrilled to welcome JL Audio to the Garmin team. JL Audio has a strong reputation for providing premium audio quality, ...

Garmin Ltd. announced it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers. “JL Audio’s extensive audio experience will create new opportunities to provide premium audio features across a broad range of our markets and products. The JL Audio brand ...

Garmin Ltd. (NYSE: GRMN), announced results for the first quarter ended March 26, 2022. Highlights for first quarter 2022 include:• Record consolidated revenue of $1.17 billion, a 9% increase over the prior year quarter with threesegments posting double digit growth• Gross and operating margins were 56.5% and 19.5%, respectively• Operating income of $229 million, an 8% decrease compared to the ...

Garmin Ltd. recently announced results for the fourth quarter and fiscal year ended December 25, 2021 “2021 was another remarkable year as demand for our products led to strong double digit annual revenuegrowth in each of our five segments,” said Cliff Pemble, president and CEO of Garmin. “We are entering 2022with a great lineup of recently introduced products and have ...

Garmin recently announced results for the third quarter ended September 25, 2021. Highlights for third quarter 2021 include:• Total revenue of $1.19 billion, a 7% increase over the prior year quarter;• Gross and operating margin were 58.4% and 23.7%, respectively;• Operating income of $283 million, an 11% decrease compared to the prior year quarter;• GAAP EPS was $1.34 and pro ...

Garmin Ltd. recently announced results for the second quarter ended June 26, 2021. The company reported a total revenue of $1.33 billion, a 53% increase over the prior year quarter with double-digit growth in all segments. “Strong demand for active lifestyle products continued, and we experienced solid recovery within our aviationand auto segments resulting in record revenue and profits in ...

Garmin Ltd. recently announced results for the fourth quarter and fiscal year ended December 26, 2020. Revenue from the marine segment grew 48% in the fourth quarter across multiple categories led by chartplotters. Gross margin and operating margin were 56% and 24%, respectively, resulting in 92% operating income growth. The full report can be found here. On the marine side, ...

Garmin Ltd. announced results for the third quarter ended September 26. Highlights for third quarter 2020 include: Total revenue of over $1.1 billion, a 19% year-over-year increase, led by robust growth in marine, fitness and outdoorGross margin and operating margin were 60.2% and 28.6%, respectivelyOperating income of $317 million, increasing 21% over the prior year quarterGAAP diluted EPS was $1.63 ...

Garmin Ltd. recently announced results for the first quarter ended March 28, 2020. Highlights for first quarter 2020 include a total revenue of $856 million, a 12% increase, with fitness, marine, outdoor and aviation collectively increasing 17% over the prior year quarter. Other highlights include: a gross margin of 59.2% compared to 59.0% in the prior year quarter, with operating ...

Garmin Ltd. announced results for the fourth quarter and fiscal year ended Dec. 28, 2019. “2019 was another exciting year of growth thanks to our strong lineup of products and unique innovations,” said Cliff Pemble, president and chief executive officer of Garmin Ltd. “We entered 2020 with a great lineup of recently introduced products with more on the way. We ...