Garmin (GRMN) is leaving no stone unturned to strengthen its aviation segment on the back of strong inflight offerings.This is evident from the latest advancements in the FltPlan safety management system (SMS), which now comes with updated features of the Flight Risk Assessment Tool (FRAT).The company has made flight risk assessment submissions simple to save pilots’ time in data input so that they can quickly complete a FRAT before a flight. The new FRAT is designed to input data regarding a flight, such a ...

Garmin (GRMN 10.22%) stock was the leading gainer in the S&P 500 index in early trading today. The maker of wearables and other fitness and outdoor activity devices delivered a fourth-quarter and full-year earnings report that even beat its own expectations.Garmin shares were trading near the day's high, up by 10.9% at 11:10 a.m. ET. The stock has risen more than 40% over the past year.Rising revenue and EPSGarmin began 2023 telling investors that revenue was likely going to be flat for the year. But its es ...

Garmin Ltd. (GRMN) reported fourth-quarter 2023 pro-forma earnings of $1.72 per share, beating the Zacks Consensus Estimate by 22.9%. The bottom line improved 27.4% on a year-over-year basis.Net sales were $1.48 billion, which surpassed the Zacks Consensus Estimate by 5.6% and increased 13% from the year-ago quarter’s figure.The year-over-year growth in the top line was attributed to strength in the Outdoor, Fitness and Marine segments. The growing Auto OEM segment contributed well.Garmin’s strong focus on ...

Garmin (GRMN) reported $1.48 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.5%. EPS of $1.72 for the same period compares to $1.35 a year ago.The reported revenue represents a surprise of +5.58% over the Zacks Consensus Estimate of $1.4 billion. With the consensus EPS estimate being $1.40, the EPS surprise was +22.86%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Garmin (GRMN) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.86%. A quarter ago, it was expected that this maker of personal navigation devices would post earnings of $1.29 per share when it actually produced earnings of $1.41, delivering a surprise of 9.30%.Over the last four qua ...

EXHIBIT 99.1 Garmin announces fourth quarter and fiscal year 2023 results Company reports record full year revenue, proposes dividend increase, and announces share repurchase program Schaffhausen, Switzerland / February 21, 2024 / PR Newswire – Garmin ® Ltd. (NYSE: GRMN), today announced results for the fourth quarter ended December 30, 2023. Highlights for fourth quarter 2023 include: Highlights for fiscal year 2023 include: • Consolidated revenue of $1.48 billion, a 13% increase compared to the prior year ...

FORM 10-K [☒] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or [☐] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41118 GARMIN LTD. (Exact name of registrant as specified in its charter) Switzerland (State or other jurisdiction of incorporation or organi ...

Newest Forerunners add personalized training plans, advanced fitness metrics, wellness insights and more at an exceptional valueOLATHE, Kan., Feb. 20, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Forerunner® 165 Series, affordable GPS running smartwatches that help athletes of all skill levels meet their goals with personalized adaptive training plans plus popular health and fitness metrics—all on a bright AMOLED display. Available in two models, Forerunner 165 and Forerunner 165 Music, the ...

Dedicated associates are the driving force behind 35 years of award-winning innovationOLATHE, Kan., Feb. 19, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) has been awarded the No. 2 spot on Forbes' 2024 list of America's Best Large Employers, its strongest showing to date – and the highest ranking spot amongst technology companies – in the annual ranking celebrating companies that create best-in-class workplaces and invest in the well-being of their associates. Garmin earns No. 2 spot on Forbes' 2024 list of ...

Wall Street analysts expect Garmin (GRMN) to post quarterly earnings of $1.39 per share in its upcoming report, which indicates a year-over-year increase of 3%. Revenues are expected to be $1.4 billion, up 7.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial to consider re ...