Boating Industry Intelligence You Can Profit From
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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