Garmin Ltd. (GRMN) Tops Q1 EPS by 2c; Maintains Outlook

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Go back to Garmin Ltd. (GRMN) Tops Q1 EPS by 2c; Maintains Outlook

Garmin reports first quarter revenue and profit growth

May 1, 2019 7:00 AM EDT

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (Nasdaq: GRMN) today announced results for the first quarter ended March 30, 2019.

Highlights for the first quarter 2019 include:

Record first quarter revenue of $766 million, an 8% increase, with marine, aviation, fitness and outdoor collectively increasing 12% over the prior year quarter Gross margin of 59.0% compared to 60.0% in the prior year quarter Operating margin of 19.8% compared to 20.0% in the prior year quarter Operating income of $151 million, increasing 6% over the prior year quarter... More