Garmin Ltd. (OQ:GRMN)

Sector:  Technology Industry:  Communications & Networking
See Regulatory Filings on SEC
Company Contact
Address: Muehlentalstrasse 2
Tel: 1-913-3978200
IR: See website
Key People
Min Hwan Kao
Executive Chairman of the Board
Clifton A. Pemble
President, Chief Executive Officer, Director
Douglas G. Boessen
Chief Financial Officer, Treasurer
Andrew R. Etkind
Vice President, General Counsel, Secretary
Business Overview
Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in fitness and activity tracking. Its aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles and unmanned aerial vehicles.
Financial Overview
For the 13 weeks ended 28 March 2020, Garmin Ltd. revenues increased 12% to $856.1M. Net income increased 15% to $161.2M. Revenues reflect Fitness segment increase of 24% to $223.6M, Marine segment increase of 22% to $163M, Americas segment increase of 13% to $427.4M, EMEA segment increase of 15% to $299.9M. Net income benefited from Marine segment income increase of 58% to $40.2M, Fitness segment income increase of 71% to $31M.
Employees: 15,000 as of Dec 28, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $17,106M as of Mar 28, 2020
Annual revenue (TTM): $3,848M as of Mar 28, 2020
EBITDA (TTM): $1,082M as of Mar 28, 2020
Net annual income (TTM): $973.49M as of Mar 28, 2020
Free cash flow (TTM): $302.48M as of Mar 28, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 191,017,000 as of Mar 28, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization