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Tag Archives: Cliff Pemble

Garmin mourns the loss of co-founder Gary Burrell

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), announced that Gary Burrell, aviation pioneer and co-founder of Garmin Ltd., passed away on June 12, 2019, at the age of 81. Burrell retired in 2002 and continued to serve as Garmin’s co-chairman until 2004 when he was named Chairman Emeritus. Mr. Burrell co-founded Garmin with Dr. Min Kao in 1989 ...

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Garmin announces Q4 FY 2018 results

Garmin Ltd. announced results for the fourth quarter and fiscal year ended Dec. 29, 2018. “2018 was another remarkable year of revenue and operating income growth driven by strong performance in our aviation, marine, outdoor and fitness segments,” said Cliff Pemble, president and chief executive officer of Garmin Ltd. “Entering 2019, we see many opportunities ahead and believe that we ...

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Garmin reports record Q1 revenue, double-digit earnings growth

Garmin Ltd. recently announced its results for the first quarter ended March 31, 2018. The company's 2018 Q1 highlights included a total revenue of $711 million, 11 percent over last year. Garmin’s marine segment posted revenue growth of 9 percent, driven by the recent Navionics acquisition. Gross margin increased year-over-year to 59 percent, while operating margin declined to 12 percent. ...

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Garmin releases Q4 Fiscal 2017 results

Garmin Ltd. (Nasdaq: GRMN) has announced results for the fourth quarter and fiscal year ended Dec. 30, 2017. “2017 was our second full year of sales and operating income growth driven by strong sales in our outdoor, aviation and marine segments,” said Cliff Pemble, president and chief executive officer of Garmin Ltd. “Entering 2018, we see additional growth opportunities ahead ...

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Garmin acquires OEM provider Trigentic

Garmin Ltd. has acquired Trigentic AB, a privately-held provider of intelligent products, solutions, and services in the areas of embedded systems, power supply, and power distribution for the marine and recreational vehicle (RV) market. The Trigentic components are marketed and sold under the EmpirBus brand. “The acquisition of Trigentic will allow Garmin to more completely serve marine and RV OEMs with ...

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