Q3 2021 Earnings October 27, 2021 Safe Harbor Statement These materials include projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2021 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expected segmen ...

Garmin Ltd. (NYSE:GRMN) Q3 2021 Earnings Conference Call October 27, 2021 10:30 AM ET Company Participants Teri Seck - Manager, Investor Relations Cliff Pemble - President and Chief Executive Officer Doug Boessen - Chief Financial Officer and Treasurer Conference Call Participants Paul Chung - JPMorgan Ben Bollin - Cleveland Research Will Power - Baird Ivan Feinseth - Tigress Financial Partners Nik Todorov - Longbow Research Erik Woodring - Morgan Stanley Operator Good day and thank you for standing by. Wel ...

Garmin Ltd. (NYSE:GRMN) Q2 2021 Earnings Conference Call July 28, 2021 10:30 AM ET Company Participants Teri Seck – Manager-Investor Relations Cliff Pemble – President and Chief Executive Officer Doug Boessen – Chief Financial Officer and Treasurer Conference Call Participants Paul Chung – JPMorgan Ben Bollin – Cleveland Research Jeffrey Rand – Deutsche Bank Will Power – Baird Nik Todorov – Longbow Research Ivan Feinseth – Tigress Financial Derek Soderberg – Colliers Securities Erik Woodring – Morgan Stanle ...

Q2 2021 Earnings July 28, 2021 Safe Harbor Statement These materials include projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2021 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expected segment r ...

Garmin Ltd (NYSE:GRMN) Q1 2021 Earnings Conference Call April 28, 2021 10:30 AM ET Company Participants Teri Seck - Manager, IR Cliff Pemble - President, CEO & Director Doug Boessen - CFO & Treasurer Conference Call Participants Erik Woodring - Morgan Stanley Nikolay Todorov - Longbow Research Paul Chung - JPMorgan Chase & Co. William Power - Robert W. Baird & Co. Ivan Feinseth - Tigress Financial Ben Bollin - Cleveland Research Jeffrey Rand - Deutsche Bank Derek Soderberg - Colliers Securities Operator Tha ...

Q1 2021 Earnings April 28, 2021 GARMIN. Safe Harbor Statement 2 These materials include projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2021 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expecte ...

Financial Data and Key Metrics Changes - Revenue increased 23% in Q4 2020, exceeding $1.3 billion, driven by strong growth in Fitness, Outdoor, and Marine segments [8] - Gross margin improved to 58.5%, operating income increased 34% to $371 million, and operating margin expanded to 27.5% [9] - For the full year 2020, revenue reached nearly $4.2 billion, a record, with a gross margin of 59.3% and operating income over $1 billion [12] Business Line Data and Key Metrics Changes - Fitness segment revenue increased 26%, with operating income growth of 66% [14] - Outdoor segment revenue increased 23%, with operating income growth of 32% [16] - Aviation segment revenue decreased 15%, while Marine segment revenue increased 29% [19][23] - Auto segment revenue decreased 16%, with an operating loss of $19 million [27] Market Data and Key Metrics Changes - Q4 2020 saw double-digit growth across all segments, with Marine leading at 48% growth [36] - EMEA and APAC regions grew by 32%, while the Americas grew by 13% [36] - For the full year 2020, consolidated growth was 11%, with strong growth in Marine, Fitness, and Outdoor segments [37] Company Strategy and Development Direction - The company plans to leverage trends in Health and Fitness, with a focus on advanced wearables and cycling products [15] - In the Outdoor segment, the company aims to capitalize on the growing interest in outdoor activities [17] - The company is investing in Auto OEM programs, expecting revenue growth in the Auto segment [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing trends in health and fitness, despite uncertainties related to the pandemic [11][61] - The company anticipates 2021 revenue to be approximately $4.6 billion, a 10% increase over the prior year [32] - Management noted that the general aviation market is stabilizing, with expectations for growth in 2021 [22] Other Important Information - The company plans to increase its annual dividend by 10% to $2.68 per share [13] - Free cash flow for 2020 was approximately $950 million, with expectations of $725 million for 2021 [41] Q&A Session Summary Question: Guidance on operating margin for 2021 - Management indicated that the increase in operating expenses, particularly in R&D for Auto OEM investments, is expected to impact operating margins [48][50] Question: Market growth versus market share improvement - Management noted that both market size increase and market share gains contributed to the strong performance in the Marine segment [52] Question: Semiconductor shortages - Management acknowledged some supply tightness but stated that they have managed to work through constraints effectively [53][54] Question: Impact of vaccine rollout on demand - Management believes normalization will take time and that lifestyle changes may have lasting effects on consumer behavior [60][61] Question: Auto OEM program ramp-up - Management confirmed that significant ramp-up is expected for new programs with Daimler and BMW [62] Question: Fitness segment gross margin outlook - Management expects Fitness gross margins to remain in the mid- to upper-50s percentage range [63] Question: Subscription services growth potential - Management sees significant potential for growth in inReach and other subscription services [72][73] Question: Capital structure and cash deployment - Management emphasized the importance of maintaining cash reserves while also increasing dividends and investing in growth [121][122]

Q4 2020 Earnings February 17, 2021 Safe Harbor Statement 2 These materials include projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2021 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expected seg ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 26, 2020 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 0-31983 GARMIN LTD. (Exact name of registrant as specified in its charter) Switzerland (State or other jurisdiction of incorporation or organiza ...

Garmin Ltd. (NYSE:GRMN) Q3 2020 Earnings Conference Call October 28, 2020 10:30 AM ET Company Participants Teri Seck - Investor Relations Cliff Pemble - President and Chief Executive Officer Doug Boessen - Chief Financial Officer and Treasurer Conference Call Participants Paul Chung - JPMorgan Charlie Anderson - Colliers Securities Will Power - Baird Ben Bollin - Cleveland Research Nik Todorov - Longbow Research Ivan Feinseth - Tigress Financial Partners Erik Woodring - Morgan Stanley Operator Ladies and ge ...