Garmin Ltd. (OQ:GRMN)

Business Focus: Communication & Satellite Equipment

Sector:  Industrials Industry:  Aerospace & Defense
See Regulatory Filings on SEC
Company Contact
Address: Muehlentalstrasse 2
Tel: 1-913-4402182
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
Patrick Desbois
Executive Vice President - Operations
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 30 March 2019, Garmin Ltd. revenues increased 8% to $766.1M. Net income increased 8% to $140.2M. Revenues reflect Aviation segment increase of 17% to $170.8M, Marine segment increase of 18% to $134M, Americas segment increase of 10% to $379.5M, EMEA segment increase of 6% to $260M, Number of Units Sold increase of 8% to 3.2M. Net income also reflects Marine segment income increase of 94% to $25.5M.
Employees: 13,000 as of Dec 29, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $14,743M as of Mar 30, 2019
Annual revenue (TTM): $3,403M as of Mar 30, 2019
EBITDA (TTM): $884.58M as of Mar 30, 2019
Net annual income (TTM): $704.88M as of Mar 30, 2019
Free cash flow (TTM): $306.32M as of Mar 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 189,847,000 as of Apr 29, 2019
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization