Garmin Ltd (N:GRMN)
Business Focus: Communications & Networking
| Sector: Technology | Industry: Communications & Networking |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Muehlentalstrasse 2 SCHAFFHAUSEN 8200 |
| Tel: | 1-913-3978200 |
| Website: | https://www.garmin.com |
| IR: | See website |
| Key People | ||
| Min Hwan Kao Executive Chairman of the Board | Clifton Albert Pemble President, Chief Executive Officer, Director | Douglas G. Boessen Chief Financial Officer, Treasurer |
| Andrew Russell Etkind Vice President, General Counsel, Secretary | Joshua H. Maxfield Vice President, General Counsel, Assistant Secretary | |
| Business Overview |
| Garmin Ltd. (Garmin) is a Switzerland-based entity. The Company and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments: fitness, outdoor, aviation, marine and auto. 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 Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. Garmin offers various products designed for use in fitness and activity tracking. Company's 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. Company operates worldwide. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, Garmin Ltd revenues increased 8% to $5.23B. Net income increased 32% to $1.29B. Revenues reflect Fitness segment increase of 21% to $1.34B, Outdoor segment increase of 14% to $1.7B, Americas segment increase of 8% to $2.61B, EMEA segment increase of 9% to $1.78B, Number of Units Sold, Total increase of 8% to 16.2M. Net income benefited from Fitness segment income increase from $104.7M to $232.2M. |
| Employees: | 19,900 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $25,362M as of Dec 30, 2023 |
| Annual revenue (TTM): | $5,228M as of Dec 30, 2023 |
| EBITDA (TTM): | $1,270M as of Dec 30, 2023 |
| Net annual income (TTM): | $1,290M as of Dec 30, 2023 |
| Free cash flow (TTM): | $622.47M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 191,777,417 as of Feb 16, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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