Garmin reports strong revenue and operating income growth for first quarter 2020; withdraws fiscal 2020 guidance due to COVID-19 economic uncertainty
Garmin Ltd. (GRMN)
Last garmin ltd. earnings: 4/29 07:00 am
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US:NASDAQ Investor Relations:
garmin.com/en-us/company/investors
Company Research
Source: Business Wire
SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the first quarter ended March 28, 2020.Highlights for first quarter 2020 include:Total revenue of $856 million, a 12% increase, with fitness, marine, outdoor and aviation collectively increasing 17% over the prior year quarterGross margin of 59.2% compared to 59.0% in the prior year quarterOperating margin improved to 20.7% compared to 19.8% in the prior year quarterOperating income of $177 million, increasing 17% over the prior year quarterGAAP EPS was $0.84 and pro forma EPS(1) was $0.91, representing 25% growth over the prior year quarterStrong balance sheet with no debt and $2.6 billion of cash and marketable securitiesGarmin ADS-B solution selected for British Airways’ franchise partner SUN-AIR’s Dornier 328 aircraftRecognized as an exceptional marine and aviation OEM supplier, winning several awards in the quarterWith the assistance of Panoptix LiveScope, Garmin sponsore
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GRMN
News
- Garmin (NYSE:GRMN) was upgraded by analysts at Longbow Research from a "neutral" rating to a "buy" rating.MarketBeat
- Year in review: Garmin releases 2025 Garmin Connect Data ReportPR Newswire
- Built for the backcountry: Garmin introduces inReach Mini 3 Plus satellite communicator with voice, text and photo sharingPR Newswire
- Garmin G5000H selected for Brazilian Air Force UH-60 Black Hawk helicoptersPR Newswire
- Garmin OnBoard System wins 2025 DAME Design AwardPR Newswire
GRMN
Earnings
- 10/29/25 - Beat
GRMN
Sec Filings
- 12/4/25 - Form 4
- 12/1/25 - Form 4
- 11/17/25 - Form 4
- GRMN's page on the SEC website