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Garmin Ltd (GRMN.OQ)

GRMN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Garmin sees FY 2017 revenue about $3.02 bln
Wednesday, 22 Feb 2017 07:00am EST 

Garmin Ltd : Garmin ltd - expect outdoor to continue to be a growth segment in 2017 . Garmin reports solid fiscal 2016 revenue and operating income growth . Q4 pro forma earnings per share $0.73 . Q4 GAAP earnings per share $0.72 . Sees FY 2017 revenue about $3.02 billion . Garmin Ltd sees 2017 EPS (pro forma) of about $2.65 . Q4 earnings per share view $0.57 -- Thomson Reuters I/B/E/S . Q4 revenue $861 million versus I/B/E/S view $792.9 million . Garmin Ltd sees 2017 gross margin of about 56% .Fy2017 earnings per share view $2.66, revenue view $2.97 billion -- Thomson Reuters I/B/E/S.  Full Article

Garmin posts Q3 earnings of $0.66/share
Wednesday, 26 Oct 2016 07:00am EDT 

Garmin Ltd: Garmin reports third quarter revenue and EPS growth; raises guidance . Q3 pro forma earnings per share $0.75 . Q3 GAAP earnings per share $0.66 . Q3 revenue $722 million versus I/B/E/S view $680.3 million . Q3 earnings per share view $0.54 -- Thomson Reuters I/B/E/S . Garmin sees 2016 revenue of approximately $2.95 billion . Garmin sees 2016 full year pro forma EPS will be approximately $2.65 based on gross margin of approximately 55% .Fy2016 earnings per share view $2.52, revenue view $2.91 billion -- Thomson Reuters I/B/E/S.  Full Article

Garmin Co has completed acquisition of Iiyonet Inc
Friday, 30 Sep 2016 07:00am EDT 

Garmin Ltd : Co has completed acquisition of Iiyonet Inc .Terms of acquisition were not disclosed.  Full Article

Garmin International responds to investigation brought by Navico
Monday, 29 Aug 2016 07:00am EDT 

Garmin International Inc: Garmin International responds to modified order by International Trade Commission on Aug. 18, in investigation brought by Navico as against Garmin . Modified itc order did not address Garmin's new tilted downvü scanning sonar transducer design shipping since last Dec. .Status of new tilted transducer design relative to any of Navico's patents is still pending before courts, government agencies.  Full Article

Garmin Ltd - to embark on $200 mln campus expansion
Friday, 26 Aug 2016 09:03am EDT 

Garmin Ltd : To embark on $200 million campus expansion . New facilities support long-term growth initiatives .Breaking ground on a $200 million facility expansion at its Olathe, Kansas campus.  Full Article

Garmin posts Q2 earnings of $0.85/share
Wednesday, 27 Jul 2016 07:00am EDT 

Garmin Ltd: Garmin reports second quarter revenue and EPS growth; raises guidance . Q2 pro forma earnings per share $0.87 . Q2 GAAP earnings per share $0.85 . Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S . Sees FY earnings per share about $2.50 . Q2 revenue $812 million versus i/b/e/s view $763 million . Sees anticipate revenue of approximately $2.9 billion for fY . Fy2016 earnings per share view $2.29 -- Thomson Reuters I/B/E/S .Fy2016 revenue view $2.84 billion -- Thomson Reuters I/B/E/S.  Full Article

Garmin introduces D2 bravo Titanium aviator watch
Tuesday, 17 May 2016 07:00am EDT 

Garmin Ltd :Garmin introduces d2 bravo titanium aviator watch; d2 bravo titanium available for a suggested retail price of $899.00.  Full Article

Garmin Ltd gives FY 2016 outlook
Wednesday, 17 Feb 2016 07:00am EST 

Garmin Ltd:Expects FY 2016 revenue of about $2.82 billion as growth in all non-auto segments offsets ongoing declines in the PND market.Forecasts Fy 2016 EPS of about $2.25.Says this includes about $0.05 of negative impact in 2016 due to acquisitions.  Full Article

Garmin Ltd signs purchase agreement to acquire Delorme
Thursday, 11 Feb 2016 07:00am EST 

Garmin Ltd:Garmin signs purchase agreement to acquire Delorme.Says entered into an agreement to acquire substantially all of the assets of Delorme.Says financial terms of the purchase agreement and acquisition will not be released.Will retain most associates of Delorme, will continue operations at its existing location in Yarmouth after completion of deal.  Full Article

Garmin Ltd completes acquisition of PulsedLight
Wednesday, 13 Jan 2016 07:00am EST 

Garmin Ltd:Says financial terms of the acquisition will not be released.Says completed its acquisition of pulsedlight, inc.  Full Article

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