Key Developments: Garmin Ltd (GRMN.O)

GRMN.O on Nasdaq

55.02USD
31 Jul 2014
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$0.61 (+1.12%)
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Latest Key Developments (Source: Significant Developments)

Garmin Ltd raises FY 2014 guidance
Wednesday, 30 Jul 2014 07:00am EDT 

Garmin Ltd:Raising revenue and EPS guidance for FY 2014 to $2.75 - $2.85 billion of revenue and $2.95 - $3.05 of pro forma EPS.FY 2014 revenue of $2.71 billion and EPS of $2.77 - Thomson Reuters I/B/E/S.  Full Article

Garmin Ltd completes acquisition of Fusion Electronics
Monday, 30 Jun 2014 07:00am EDT 

Garmin Ltd:Completes the acquisition of Fusion Electronics Ltd and its subsidiaries.New company will be known as Garmin New Zealand Limited, a wholly owned subsidiary of Garmin Ltd and will operate as "Fusion Entertainment.Financial terms of the acquisition will not be released.  Full Article

Garmin Ltd announces partnership with MyFitnessPal
Thursday, 19 Jun 2014 01:00pm EDT 

Garmin Ltd:Says partnership with MyFitnessPal.By linking their Garmin Connect or Garmin Connect Mobile and MyFitnessPal accounts, vĂ­vofit and Forerunner 15 users can easily view calories burned and consumed.Also can see their net count for the remainder of the day based on calorie goals set in MyFitnessPal.  Full Article

Garmin names Doug Boessen as next CFO
Monday, 2 Jun 2014 07:00am EDT 

Garmin Ltd:Names Doug Boessen as Chief Financial Officer and Treasurer beginning July 31.Boessen will succeed Kevin Rauckman, who has served as CFO and treasurer of Garmin since 1999.  Full Article

Garmin Ltd to acquire assets of Fusion Electronics Ltd
Wednesday, 14 May 2014 07:00am EDT 

Garmin Ltd:Enters into an agreement to acquire substantially all assets of Fusion Electronics Limited and its subsidiaries.Completion of the acquisition is expected to occur on June 30.Financial terms of the acquisition will not be released.  Full Article

Garmin Ltd reaffirms FY 2014 guidance - Conference Call
Tuesday, 13 May 2014 01:45pm EDT 

Garmin Ltd:Expects FY 2014 revenue in the range of $2.6 billion to $2.7 billion.Expects FY 2014 operating income up to $565 million.Expects FY 2014 bottom line of about $2.50 to $2.60 of EPS.FY 2014 revenue of $2.7 billion - Thomson Reuters I/B/E/S.  Full Article

Garmin Ltd recommended cash dividend
Wednesday, 30 Apr 2014 07:00am EDT 

Garmin Ltd:Recommended cash dividend in amount of $1.92 per share.  Full Article

Garmin Ltd 's Garmin International Inc introduces marine instruments
Thursday, 10 Apr 2014 07:00am EDT 

Garmin Ltd:GNX 20 and GNX 21marine instrumentation lineup.GNX 20 and GNX 21 provide most pivotal marine information for both sail and power boating.  Full Article

Garmin Ltd gives FY 2014 guidance in line with analysts' estimates
Wednesday, 19 Feb 2014 07:00am EST 

Garmin Ltd:Expects fiscal 2014 revenue of $2.6-$2.7 bln.Expects fiscal 2014 operating income (EBIT) of $530-$565 mln.Expects fiscal 2014 EPS (pro forma) of $2.50-$2.60.Fiscal 2014 revenue of $2.6 bln - Thomson Reuters I/B/E/S.Fiscal 2014 EBIT of $549 mln - Thomson Reuters I/B/E/S.Fiscal 2014 EPS of $2.56 - Thomson Reuters I/B/E/S.  Full Article

Garmin Ltd proposes dividend Increase; announces CFO transition
Wednesday, 19 Feb 2014 07:00am EST 

Garmin Ltd:Recommends a cash dividend of $1.92 per share, payable in four equal installments of $0.48 per share on dates to be determined by the board.The board currently anticipates the scheduling of the dividend in four installments as follows.Dividend date of June 30 and record date of June 17.Dividend date of Sept. 30 and record date of Sept. 15.Dividend date of Dec. 31 and record date of Dec. 15.Dividend date of Mar. 31, 2015 and record date of Mar. 16, 2015.Says Kevin Rauckman CFO and treasurer will leave Garmin within the next year.  Full Article

Weak action camera sales weigh on Garmin

- Garmin Ltd , a maker of GPS-based products, no longer expects sales to grow in its outdoor business after its new action camera, Virb, failed to resonate with customers.

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