News Releases: Corporate

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  • 4/27/16 6:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the first quarter ended March 26, 2016. Highlights in the quarter include: Total revenue of $624 million, growing 7% over the prior year, with outdoor, fitness, aviation and marine collectively growing 17% over the year ago quarter and contributing 69% of total revenue Gross and operating margins of 54.5% and 16.6%, respectivelymore...
  • 4/4/16 10:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its first quarter 2016 earnings conference call that will be broadcast over the Internet on Wednesday, April 27, 2016 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 the market opening on April 27, 2016. What: Garmin Ltd. First Quarter 2016 Earnings Callmore...
  • 4/4/16 6:00 am CDT
    Corporate
    OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a subsidiary of Garmin Ltd. (NASDAQ: GRMN), today announced that it prevailed on summary judgment in a purported class action lawsuit filed in the U.S. District Court for the District of Kansas in Meyers v. Garmin International, Inc. Case No. 13-CV-2416. The plaintiff alleged that the lithium ion batteries in certain Garmin personal navigation devices were prone to fail prematurely. The court grantedmore...
  • 3/3/16 6:00 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland & YARMOUTH, Maine--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN), announced today that it has completed the acquisition of DeLorme, a privately-held company that designs and markets consumer-based satellite tracking devices with two-way communication and navigational capabilities. “We are pleased to have the DeLorme team join the Garmin family,” said Cliff Pemble, president and CEO of Garmin. “We are looking forward to leveraging the outstanding expertise and skills of themore...
  • 2/17/16 6:00 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the fourth quarter ended December 26, 2015. Highlights in the quarter include: Total revenue of $781 million with outdoor, fitness, aviation and marine collectively growing 11% over the year ago quarter and contributing 66% of total revenue Gross and operating margins were 52.9% and 18.7%, respectively Pro forma EPS(1more...
  • 2/11/16 6:00 am CST
    Corporate

    Innovators in Satellite Communication and Mapping

    SCHAFFHAUSEN, Switzerland & YARMOUTH, Maine--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN) today announced that it has entered into an agreement to acquire substantially all of the assets of DeLorme, a privately-held company that designs and markets consumer-based satellite tracking devices with two-way communication and navigational capabilities. The completion of the acquisition, which is subject to customary conditions, is expected to occur within 30 to 60 days. One of the most compellingmore...
  • 1/13/16 6:00 am CST
    Corporate
    SCHAFFHAUSEN, Switzerland & BEND, Ore.--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN) today announced that its subsidiary, Garmin International, Inc., has completed its acquisition of PulsedLight, Inc., a privately-held designer of optical distance measurement technology located in Bend, Oregon. The company makes sensor boards that are highly accurate, smaller, and more lightweight, compared to most other optical distance measurement devices. PulsedLight developed and owns the intellectualmore...
  • 1/6/16 1:10 pm CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2015 earnings conference call that will be broadcast over the Internet on Wednesday, February 17, 2016 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 17, 2016. What: Garmin Ltd. Fourth Quarter 2015 Earnings Callmore...
  • 12/2/15 3:49 pm CST
    Corporate
    OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that the International Trade Commission (ITC) issued a final determination in the investigation brought by Navico Holdings AS against Garmin. The ITC reversed an earlier decision by an administrative law judge and concluded that first generation Garmin DownVüTM scanning sonar products were too similar to at least one patented aspect of Navico DownScan technology.more...
  • 12/1/15 6:01 pm CST
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ:GRMN) board of directors has established December 31, 2015 as the payment date for the next dividend installment of $0.51 per share with a record date of December 15, 2015, per the approval previously provided at the 2015 annual shareholders’ meeting. At the 2015 annual meeting Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.04 per share (subject to possiblemore...
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