Tag Archives: Garmin International Inc.

Garmin International, Inc., a unit of Garmin Ltd., announced that it is working with Sea Tow Services, International, Inc. to provide members and franchise operators exclusive offers and product training aimed at improving boater safety. Sea Tow franchisees will receive access to special offers on a variety of Garmin marine electronics, including its flagship GPSMAP chartplotter series, full line of ...

Garmin International, Inc., a unit of Garmin Ltd., announced the LiveScope™ Plus System, the latest addition to Garmin’s live-scanning sonar lineup with brilliantly clear live scanning sonar returns and 35% improved target separation over the existing system. Now with sharper resolution, reduced noise, and Garmin’s clearest images, it’s easier than ever to see structure, bait and fish around the boat ...

Garmin Ltd. announced it has acquired Vesper Marine, a privately-held provider of AIS, VHF and vessel monitoring solutions for the marine industry. This acquisition is expected to bolster Garmin’s industry-leading lineup of marine products and technology designed to provide peace of mind and enhanced situational awareness for boaters. With almost 15 years of experience, Vesper has developed a suite of ...

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 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% ...

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 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 ...

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 ...

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 ...

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 ...