News Releases: Corporate

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  • 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...
  • 4/3/17 1:44 pm CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its first quarter 2017 earnings conference call that will be broadcast over the Internet on Wednesday, May 3, 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 May 3, 2017. What: Garmin Ltd. First Quarter 2017 Earnings Callmore...
  • 2/22/17 6:00 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) today announced results for the fiscal-year ended December 31, 2016. Highlights for the fourth quarter 2016 include: Total revenue of $861 million, growing 10% over the prior year, with outdoor, fitness, marine and aviation collectively growing 25% over the prior year quarter and contributing 74% of total revenue Gross margin improved to 54.7% compared to 52.9% in the prior yearmore...
  • 2/21/17 6:00 am CST
    Corporate
    OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced sponsorship of nine professional cycling teams in 2017, including five world tour teams and four mountain biking teams. Garmin will continue to sponsor the Cannondale-Drapac Pro Cycling Team and the Movistar Team, and welcomes the Astana Pro Team, FDJ Pro Team and Team Dimension Data for Qhubeka this year. Additionally, Garmin will continue its support ofmore...
  • 1/12/17 11:24 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2016 earnings conference call that will be broadcast over the Internet on Wednesday, February 22, 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 February 22, 2017. What: Garmin Ltd. Fourth Quarter 2016 Earnings Callmore...
  • 12/14/16 6:00 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (GRMN) board of directors authorized an extension through December 31, 2017 of its current $300 million Share Repurchase Program. There is currently $80.4 million remaining for share repurchases under this current $300 million Share Repurchase Program. The amount and timing of the repurchases are determined by management and depend on market and business conditions. Garmin Ltd. adopted a Rule 10b5-1 plan (the “Plan”) inmore...
  • 12/1/16 6:00 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ: GRMN) board of directors has established December 30, 2016 as the payment date for the next dividend installment of $0.51 per share with a record date of December 14, 2016, per the approval previously provided at the 2016 annual shareholders’ meeting. At the 2016 annual meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.04 per share (subject tomore...
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