News Releases: Corporate

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  • 9/1/16 10:38 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ: GRMN) board of directors has established September 30, 2016 as the payment date for the next dividend installment of $0.51 per share with a record date of September 15, 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...
  • 8/26/16 8:03 am CDT
    Corporate

    New facilities support long-term growth initiatives

    OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that it was breaking ground on a $200 million dollar facility expansion at its Olathe, Kansas campus. The campus expansion is designed to position the technology company as a leading innovator well into the future. “This is a significant investment in our associates and our company’s future,” said Cliff Pemble, Garmin CEO. “Our vision is to be an enduringmore...
  • 7/27/16 6:00 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the second quarter ended June 25, 2016. Highlights for the second quarter 2016 include: Total revenue of $812 million, growing 5% over the prior year, with fitness, outdoor, marine and aviation collectively growing 20% over the year ago quarter and contributing 70% of total revenue Gross margin expanded to 57.0% compared to 54.2% in the priormore...
  • 6/29/16 8:20 am CDT
    Corporate
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its second quarter 2016 earnings conference call that will be broadcast over the Internet on Wednesday, July 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 market open on July 27, 2016. What: Garmin Ltd. Second Quarter 2016 Earnings Callmore...
  • 6/10/16 1:24 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 bemore...
  • 5/6/16 8:14 am CDT
    Corporate
    Garmin International, Inc. and Johnson Outdoors Inc. today announced the companies have reached agreement on a settlement which resolves litigation involving Johnson Outdoors’ patented side scan sonar technology. Today’s announcement follows the International Trade Commission’s (ITC) rulings in the matter affirming infringement by Garmin of one Johnson Outdoors’ patent and non-infringement of two Johnson Outdoors’ patents.  The agreement, which includes the licensing of these patentsmore...
  • 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...
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