News Releases: Corporate

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  • 6/8/18 1:32 pm CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--At Garmin Ltd.’s 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 $2.12 per share (subject to adjustment in the event that the Swiss Franc weakens more than 35% relative to the USD), payable in four equal installments. The Board has determined that the June installment of the dividend will be paid as indicated below and currentlymore...
  • 5/2/18 6:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) today announced results for the first quarter ended March 31, 2018. Highlights for the first quarter 2018 include: Total revenue of $711 million, growing 11% over the prior year, with outdoor, fitness, aviation, and marine collectively growing 18% over the prior year quarter and contributing 80% of total revenue Gross margin improved to 60.0% compared to 58.1% in the priormore...
  • 3/29/18 10:35 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its first quarter 2018 earnings conference call that will be broadcast over the Internet on Wednesday, May 2, 2018 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 May 2, 2018. What: Garmin Ltd. First Quarter 2018 Earnings Callmore...
  • 3/2/18 5:32 pm CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) today announced that Dr. Min H. Kao, the company’s co-founder and Executive Chairman, has established a pre-arranged trading plan to sell a portion of his shares in the company over a designated period. The plan was adopted in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934. Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when theymore...
  • 2/21/18 6:00 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) today announced results for the fourth quarter and fiscal year ended December 30, 2017. Highlights for the fourth quarter 2017 include: Total revenue of $888 million, growing 3% over the prior year quarter, with outdoor, fitness, marine and aviation collectively growing 9% over the prior year quarter and contributing 78% of total revenue Gross margin improved to 56.2%more...
  • 2/20/18 6:00 am CST
    Corporate

    Supplier of digital switching components for boats and recreational vehicles

    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN), today announced that it has acquired Trigentic AB, a privately-held provider of intelligent products, solutions and services in the areas of embedded systems, power supply and power distribution for the marine and recreational vehicle (RV) market. The Trigentic components are marketed and sold under the EmpirBus brand. “The acquisition of Trigentic will allow Garmin to more completely serve marine andmore...
  • 2/7/18 6:00 am CST
    Corporate
    OLATHE, Kan. & EGERSUND, Norway--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN) and Navico, parent company to the Lowrance®, Simrad® and B&G® brands, today announced that they have ended a three-year-long dispute relating to sonar and auto guidance patents. The agreement includes a broad cross licensing of patents and other intellectual property, which will allow both companies to bring new innovations to the market faster and benefit all marine customersmore...
  • 1/22/18 10:43 am CST
    Corporate
    SOUTHAMPTON, UK--(BUSINESS WIRE)--Garmin (Europe) Limited, a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that it has prevailed in an intellectual property dispute regarding Garmin’s Elevate™ wrist-based heart rate monitoring technology. The UK High Court of Justice ruled that Garmin’s technology did not infringe two Registered Community Designs owned by PulseOn Oy anywhere in the EU. PulseOn had previously discontinued during the trial its claim that Garmin copied itsmore...
  • 1/17/18 6:30 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2017 earnings conference call that will be broadcast over the Internet on Wednesday, February 21, 2018 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 February 21, 2018. What: Garmin Ltd. Fourth Quarter 2017 Earnings Callmore...
  • 12/1/17 9:13 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ: GRMN) board of directors has established December 29, 2017 as the payment date for the next dividend installment of $0.51 per share with a record date of December 15, 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...
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