Tag Archives: Garmin

Garmin Ltd. recently announced results for the fourth quarter and fiscal year ended December 26, 2020. Revenue from the marine segment grew 48% in the fourth quarter across multiple categories led by chartplotters. Gross margin and operating margin were 56% and 24%, respectively, resulting in 92% operating income growth. The full report can be found here. On the marine side, ...

By Adam Quandt The boat business has found itself booming over the last year. Sales are up across the board for both new and used boats. But what does that mean for the entertainment components designed to bring the boaters’ experience to the next level? Audio options offer one of the easiest points for boaters to make some simple upgrades ...

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 Ltd. announced results for the third quarter ended September 26. Highlights for third quarter 2020 include: Total revenue of over $1.1 billion, a 19% year-over-year increase, led by robust growth in marine, fitness and outdoorGross margin and operating margin were 60.2% and 28.6%, respectivelyOperating income of $317 million, increasing 21% over the prior year quarterGAAP diluted EPS was $1.63 ...

Garmin International Inc. announced that it was named Manufacturer of the Year for the sixth consecutive year by members of the National Marine Electronics Association (NMEA) at its annual business meeting and awards presentation held virtually on Sept. 26. The coveted Manufacturer of the Year honor is given to the most recognized company in the marine electronics industry for excellence ...

Garmin International, Inc. announced that Manitou Pontoon Boats will install marine audio packages from Fusion Entertainment, a Garmin Brand, as the standard-fit for select model year 2021 pontoon boats. Manitou exclusively offers the GarminECHOMAP UHD 73sv and GPSMAP chartplotters for its entire lineup and will add a range of Fusion Entertainment stereos, speakers and amplifiers for the upcoming boating season. ...

Garmin Ltd. announced results for the second quarter ended June 27, 2020. Highlights for second quarter 2020 include: Total revenue of $870 million, a 9% year-over-year decrease, as strength in fitness and marine partially offset declines in outdoor, aviation, and automotive.Gross margin and operating margin were 59.3% and 21.7%, respectively.Expanded an exclusive relationship with Regulator Marine, adding Fusion® Entertainment as ...

Garmin International, Inc., a unit of Garmin Ltd., announced that Avalon and Tahoe Manufacturing selected Fusion Entertainment to exclusively supply marine entertainment audio packages for its entire line of pontoons starting with model year 2021. Avalon announced to dealers that it will fully integrate Fusion Entertainment stereos, speakers, and amplifiers as a standard fit in each level of its high-performance, ...

Garmin International, Inc. announced that Regulator Marine has selected Fusion to be its premier entertainment supplier to outfit its full line of offshore sportfishing center console boats beginning model year 2021. Regulator announced to its dealers last week that both Garmin electronics, and stereos, speakers and amplifiers from Fusion, a Garmin brand, will now be standard equipment on all Regulator ...

By Adam Quandt Traditional is by no means a word to describe the audio elements going into today’s recreational boats. Though manufacturers are still playing some forms of catch up to features often found and expected in the automotive industry, marine audio providers are working hard to keep the party going on the water. “The expectations of consumers are way ...