Tag Archives: Garmin International

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 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 International and Garmin Services, units of Garmin Ltd., announced the acquisition of substantially all the assets of GEOS Worldwide Limited and its subsidiaries. A privately held, industry leading provider of emergency monitoring and incident response services, GEOS Worldwide operates the International Emergency Response Coordination Center (IERCC), the nerve center for SOS rescue efforts triggered by Garmin’s inReach personal satellite ...

Garmin International, Inc. announced it has redesigned its Fusion-branded Signature Series marine speakers and subwoofers with LED lighting that delivers what the companies claim is an unprecedented spectrum of color variations to complement each unique boat and style. Building on the success of the Signature Series product line, the new Fusion Signature Series 3 combines traditional red, green and blue LEDs with ...

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 ...

Garmin Ltd. recently announced its results for the third quarter ended Sep. 28, 2019. Garmin said highlights for the 2019 quarter included revenue of $934 million, which was a 15% increase over the prior year quarter. All of the company’s segments — aviation, fitness, outdoor and marine collectively increased 24% over the prior year quarter. The company had a gross ...

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, ...

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 ...

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 ...

Garmin International, Inc., a unit of Garmin Ltd., announced the Panoptix LiveScope LVS12, a new transducer in the  Panoptix LiveScope series that offers both 30-degree forward and 30-degree down real-time scanning sonar views. The single-array LiveScope LVS12 transducer is an economical solution for inland and near-shore anglers without the need for a black box. With the active scanning capabilities of Panoptix ...