Tag Archives: Garmin International Inc.

Garmin reports strong growth for Q1

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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Garmin honored with two DAME Design Awards

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), announced it was honored with wins in two categories in the 2019 DAME Design Awards, an annual competition that celebrates marine equipment design. The Garmin Force trolling motor and the GPSMAP 86i marine handheld with inReach® satellite communication capabilities received top DAME accolades in the ‘Machinery, Propulsion, Mechanical and Electrical Systems ...

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Regulator partners with Garmin for offshore center consoles

Garmin International, Inc., a unit of Garmin Ltd., announced that Regulator Marine has selected Garmin to be its premier electronics supplier to outfit its full line of offshore sportfishing center console boats beginning model year 2020. Garmin electronics will be standard equipment on all Regulator boats ranging from 23 to 41 feet, including the new Regulator 26XO center console crossover, ...

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IBBI selects Fusion as marine stereo supplier, extends Garmin agreement

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), announced that Fusion, a Garmin brand providing marine entertainment, has been selected as a supplier of choice for the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative. Beginning Model Year 2020, this agreement will give members direct access to Fusion’s full line of audio entertainment products through 2024. Comprised ...

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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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IBBI names Garmin 2018 Supplier of the Year

Garmin International, Inc. announced that it received the prestigious Supplier of the Year distinction from the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative comprised of a 19-member network of leading boat brands that collectively build nearly 25 percent of all boats sold in the U.S. The IBBI Supplier of the Year award recognizes one company’s outstanding service ...

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Garmin introduces new ECHOMAP Ultra series

Garmin International, Inc. announced the ECHOMAP Ultra series, a new line of keyed-assist 10- and 12-inch touchscreen chartplotters designed to bring professional performance to inland and nearshore anglers. The ECHOMAP Ultra series has built-in support for Garmin’s Ultra High-Definition scanning sonar as well as the Panoptix LiveScope series, including the new single-array LVS12, that delivers live scanning sonar images of structure, bait ...

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