Tag Archives: Garmin International Inc.

Garmin reports record Q2

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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 ...

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Garmin reports Q1 FY21 results

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Garmin Ltd. recently announced results for the first quarter ended March 27, 2021. Highlights for first quarter 2021 include: Total revenue of $1.07 billion, a 25% increase over the prior year quarter led by double-digit growth in the fitness, outdoor, marine and auto segmentsGross margin improved to 59.8% compared to 59.2% in the prior year quarterOperating margin improved to 23.3% ...

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Garmin reports record Q4, full-year results

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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, ...

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Garmin named Manufacturer of the Year by NMEA

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Garmin International Inc. announced that it was named Manufacturer of the Year for the sixth consecutive year by members of the National Marine Electronics Association (NMEA) at its annual business meeting and awards presentation held virtually on Sept. 26. The coveted Manufacturer of the Year honor is given to the most recognized company in the marine electronics industry for excellence ...

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Garmin announces OnDeck remote connectivity solution

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Garmin International Inc. announced its new OnDeck™ System, a remote monitoring and management solution that gives boaters 24/7 access to critical and timely information about their vessel. When paired with the ActiveCaptain® app, OnDeck keeps users connected to their vessel by monitoring the boat’s battery status, bilge activity, door/hatch sensors, GPS location and more. For extra peace of mind, configurable ...

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Regulator adds Fusion to Garmin partnership

Garmin International, Inc. announced that Regulator Marine has selected Fusion to be its premier entertainment supplier to outfit its full line of offshore sportfishing center console boats beginning model year 2021. Regulator announced to its dealers last week that both Garmin electronics, and stereos, speakers and amplifiers from Fusion, a Garmin brand, will now be standard equipment on all Regulator ...

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Garmin reports strong growth for Q1

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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 ...

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Garmin launches new marine smartwatch

Garmin International Inc. announced the quatix 6, its next-generation marine GPS smartwatch series designed specifically for life on the water. More than a watch, the quatix 6 combines all of the features of Garmin’s flagship fēnix 6 GPS smartwatch with specialized boating, fishing, cruising and sailing capabilities, including comprehensive connectivity with compatible Garmin chartplotters and other marine electronics to offer ...

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Garmin named IBBI Supplier of the Year

Garmin International, Inc. announced that it was awarded the Supplier of the Year distinction for the second year in a row from the Independent Boat Builders, Inc. (IBBI). As the industry’s largest purchasing cooperative, the IBBI’s 18-member network of boat brands collectively builds nearly 25% of all boats sold in the U.S. The IBBI Supplier of the Year award recognizes ...

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Garmin reports strong revenue, operating income growth

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 ...

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