Tag Archives: Garmin

Garmin reports Q3 revenue and EPS growth; raises guidance

Garmin Ltd. (Nasdaq: GRMN – News) announced Wednesday results for the third quarter ended Sep. 24, 2016. Highlights for the third quarter 2016 include: Total revenue of $722 million, growing 6 percent over the prior year, with fitness, outdoor, marine and aviation collectively growing 24 percent over the prior year quarter and contributing 70 percent of total revenue; Gross margin ...

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ITC releases public opinion on Garmin appeal

The U.S International Trade Commission (ITC) released its public opinion this week to the Federal Appeals Court on an appeal filed by Garmin in its dispute with Navico. In December 2015, Navico said the ITC ruled that Garmin DownVu scanning sonar products violate Navico’s patents for DownScan Imaging Technology. Garmin released a service bulletin in response stating the company would ...

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Navico responds to Garmin’s comments on ITC order

In a statement released on Aug. 30, Navico offered a response to Garmin’s comments on the International Trade Commission’s (ITC) Aug. 18 order: In September of 2015, Navico first informed Garmin that its tilted “design around” infringes Navico’s patents for DownScan Imaging technology. On December 1, 2015, in accordance with normal International Trade Commission practice, the Commission informed Garmin that, “if ...

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Garmin responds to ITC order, Navico statements

Garmin International Inc., a unit of Garmin Ltd. on Monday announced its response to a modified order by the International Trade Commission on August 18, 2016, in the long-running investigation brought by Navico Holdings AS against Garmin. Navico issued its response last week. Garmin has said it disagrees with Navico's interpretation of the order. The modified ITC order did not ...

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Garmin plans $200 million campus expansion

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced Friday that it was breaking ground on a $200 million dollar facility expansion at its Olathe, Kansas campus. The campus expansion is designed to position the technology company for the future. “This is a significant investment in our associates and our company’s future,” said Cliff Pemble, Garmin CEO. “Our vision ...

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Navico: ITC confirms import ban on Garmin DownVü

Navico – the manufacturer of marine electronics and parent company to the Lowrance, Simrad, B&G and GoFree brands – said that on Aug. 18, the International Trade Commission (ITC) ruled that Garmin DownVü scanning sonar products may not be imported into the United States, because they violate Navico’s patents for DownScan Imaging technology, according to a press release from Navico. The ...

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Garmin reports second quarter revenue and EPS growth

Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the second quarter ended June 25, 2016. Highlights for the second quarter 2016 include: Total revenue of $812 million, growing 5 percent over the prior year, with fitness, outdoor, marine and aviation collectively growing 20 percent over the year ago quarter and contributing 70 percent of total revenue; Gross margin ...

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FUSION announces partnership with Buster Boats

FUSION announced Tuesday, in conjunction with long-time partner Buster Boats, a new infotainment system offered as standard equipment on most of Buster’s new models. Buster Boats recently developed Buster Q – a proprietary, smart touchscreen display integrated into the steering console of its aluminum boats, which complements and controls the FUSION components. Buster Q’s large touchscreen allows boaters to access ...

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Johnson Outdoors and Garmin announce patent litigation settlement

Johnson Outdoors Inc. (NASDAQ:JOUT) and Garmin International, Inc., a subsidiary of Garmin Ltd. (NASDAQ:GRMN) announced Friday the companies have reached agreement on a settlement which resolves litigation involving Johnson Outdoors’ patented side scan sonar technology. The announcement follows the International Trade Commission’s (ITC) rulings in the matter affirming infringement by Garmin of one Johnson Outdoors patent and non-infringement of two ...

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Garmin reports 29 percent growth in marine business

Garmin Ltd. this week announced results for the first quarter ended March 26, 2016. Highlights in the quarter include: Total revenue of $624 million, growing 7 percent over the prior year, with outdoor, fitness, aviation and marine collectively growing 17 percent over the year ago quarter and contributing 69 percent of total revenue Gross and operating margins of 54.5 percent ...

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