News Releases: Corporate

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  • 9/8/17 3:07 pm CDT
    Corporate
    OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced today that a jury verdict was reached in a patent lawsuit brought by Navico against Garmin in the Eastern District of Texas. The jury found that Garmin had willfully infringed two Navico “downscan” patents and awarded damages in the amount of $38 million. The court awarded judgment in favor of Garmin on a false advertising claim filed by Navico. “Wemore...
  • 9/1/17 10:13 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ: GRMN) board of directors has established September 29, 2017 as the payment date for the next dividend installment of $0.51 per share with a record date of September 14, 2017. At the 2017 annual shareholders’ meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.04 per share (subject to possible adjustment based on the total amount of the dividend in Swissmore...
  • 8/2/17 6:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) today announced results for the second quarter ended July 1, 2017. Highlights for the second quarter 2017 include: Total revenue of $817 million, growing 1% over the prior year, with outdoor, aviation, marine and fitness collectively growing 8% over the prior year quarter and contributing 74% of total revenue Gross margin improved to 58.5% compared to 57.0% in the priormore...
  • 7/20/17 9:34 am CDT
    Corporate

    Developer of cycling aerodynamics testing and measurement

    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN), today announced that it has acquired Alphamantis Technologies Inc., a privately held designer of aerodynamics testing and measurement technology for the cycling industry. “Alphamantis is on the leading edge of aerodynamics analysis in the cycling world, and that makes the company a perfect fit for our robust suite of bike products,” said Cliff Pemble, Garmin’s president and CEO. “Aerodynamics is another waymore...
  • 7/5/17 11:33 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its second quarter 2017 earnings conference call that will be broadcast over the Internet on Wednesday, August 2, 2017 at 10:30 a.m. ET, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on August 2, 2017. What: Garmin Ltd. Second Quarter 2017 Earnings Callmore...
  • 6/13/17 12:18 pm CDT
    Corporate

    Navico’s patent claims determined to be invalid by the Federal Circuit

    OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced today that the Court of Appeals for the Federal Circuit (Federal Circuit) reversed a December 2015 finding by the International Trade Commission (ITC) that Garmin had infringed Navico patents related to downscan sonar. Specifically, the Federal Circuit ruled that two of Navico’s patents were invalid and that Garmin’s DownVü sonar does not infringe a third Navico patentmore...
  • 6/9/17 1:29 pm CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--At Garmin Ltd.’s (NASDAQ:GRMN) annual shareholders’ meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $2.04 per share (subject to possible adjustment based on the total amount of the dividend in Swiss Francs as approved at the annual meeting), payable in four equal installments. The board has determined that the June installment of the dividend will be paidmore...
  • 5/26/17 10:30 am CDT
    Corporate
    OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced today that an Administrative Law Judge (ALJ) at the International Trade Commission (ITC) made an initial determination in the enforcement proceeding brought by Navico, Inc. against Garmin. The ALJ’s initial determination concluded that Garmin’s sale of certain DownVü sonar products violated the ITC’s December 2015 orders arising from a previous Navico-Garmin ITCmore...
  • 5/11/17 10:06 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland & CASTINE, Maine--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN) today announced that it has acquired Active Corporation, a developer of crowd sourced rich content for boaters, marketed as ActiveCaptain™. ActiveCaptain is a community-based, electronic marine database that contains near real-time information about marinas, anchorages, local points of interest, and marine hazards – most of which is user-generated – for cruising and sailing destinations around the world. Themore...
  • 5/3/17 6:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the first quarter ended April 1, 2017. Highlights for the first quarter 2017 include: Total revenue of $639 million, growing 2% over the prior year, with marine, outdoor, aviation and fitness collectively growing 12% over the prior year quarter and contributing 75% of total revenue Gross margin improved to 58.3% compared to 54.5% in themore...
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