Tag Archives: Garmin

Garmin releases Signature Series 3i marine speakers

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Garmin International, Inc. has announced the Signature Series 3i marine speakers from Fusion Entertainment, a Garmin brand. The series includes illuminated sport, non-illuminated sport, and classic styles. “The Signature Series 3i combines the modern style and superior sound boaters want with the added layers of marine protection they need. From center consoles and yachts to wake boats and pontoons, this ...

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Garmin, Sea Tow join forces for boating safety

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 ...

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Propspeed Foulfree topcoat endorsed by Garmin

Propspeed has announced that Garmin has endorsed its Propspeed Foulfree foul-release coating system. “We are proud to have worked closely with Garmin engineers to ensure compatibility with and maximum performance from their transducers,” said Chris Baird, CEO, Propspeed. “Garmin sonar systems are some of the most popular choices for anglers and we are confident that Foulfree will ensure peak performance ...

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Garmin releases first quarter earnings

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Garmin Ltd. (NYSE: GRMN), announced results for the first quarter ended March 26, 2022. Highlights for first quarter 2022 include:• Record consolidated revenue of $1.17 billion, a 9% increase over the prior year quarter with threesegments posting double digit growth• Gross and operating margins were 56.5% and 19.5%, respectively• Operating income of $229 million, an 8% decrease compared to the ...

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Garmin unveils LiveScope Plus

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 ...

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Garmin reports Q4, 2021 results

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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 ...

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Garmin, Navionics announce new cartography for chartplotters

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Garmin International, Inc. announced that Navionics, a Garmin brand, is releasing a new, streamlined catalog of Navionics+ and premium Platinum+ charts to refresh its lineup of marine cartography products. For easy transition between navigating inland and coastal waters, Navionics+ and Platinum+ charts now feature all-new aligned coverage regions as an all-in-one mapping solution that combines detail-rich inland and offshore content, ...

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Garmin acquires Vesper Marine

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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 ...

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Sea Tow Foundation presents 2021 industry safety awards

The Sea Tow Foundation and its Boating Safety Advisory Council announced six winners today of their National Boating Industry Safety Awards which recognizes the best boating safety work in the for-profit section of the recreational boating industry. Sponsored for the second year by KICKER Marine Audio, the six top contest winners were revealed in a special awards recognition segment held ...

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Garmin reports 7% revenue increase for Q3

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Garmin recently announced results for the third quarter ended September 25, 2021. Highlights for third quarter 2021 include:• Total revenue of $1.19 billion, a 7% increase over the prior year quarter;• Gross and operating margin were 58.4% and 23.7%, respectively;• Operating income of $283 million, an 11% decrease compared to the prior year quarter;• GAAP EPS was $1.34 and pro ...

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