Tag Archives: Garmin Ltd

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 reports record results for Q3

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 ...

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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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Navionics launches South Florida post-Irma remapping effort

Navionics is partnering with fellow industry leaders and the South Florida boating community to remap marine and inland waterways impacted by Hurricane Irma. When the hurricane passed through the area in mid-September, marine resources were affected and some shorelines and bottom contours were changed. By working together, the remapping initiative will improve boater safety in these areas. The month-long event ...

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