Tag Archives: Garmin

Garmin acquires GEOS Worldwide

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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 ...

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Garmin reports record third quarter operating results

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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 ...

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Garmin named Manufacturer of the Year by NMEA

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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 ...

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Manitou selects Fusion for standard audio equipment for MY 2021

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. ...

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Garmin reports second quarter revenue

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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 ...

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Avalon and Tahoe select Fusion Entertainment for marine audio packages

Fusion Marine Audio

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, ...

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Regulator adds Fusion to Garmin partnership

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 ...

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Party on: Audio manufacturers bring new technologies to the water

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 ...

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Garmin reports strong growth for Q1

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Garmin Ltd. recently announced results for the first quarter ended March 28, 2020. Highlights for first quarter 2020 include a total revenue of $856 million, a 12% increase, with fitness, marine, outdoor and aviation collectively increasing 17% over the prior year quarter. Other highlights include: a gross margin of 59.2% compared to 59.0% in the prior year quarter, with operating ...

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Garmin launches new marine smartwatch

Garmin International Inc. announced the quatix 6, its next-generation marine GPS smartwatch series designed specifically for life on the water. More than a watch, the quatix 6 combines all of the features of Garmin’s flagship fēnix 6 GPS smartwatch with specialized boating, fishing, cruising and sailing capabilities, including comprehensive connectivity with compatible Garmin chartplotters and other marine electronics to offer ...

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