Garmin (GRMN) Tops Q3 EPS by 16c, Offers Guidance

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Go back to Garmin (GRMN) Tops Q3 EPS by 16c, Offers Guidance

Garmin announces third quarter results

October 27, 2021 7:00 AM EDT

Company reports record third quarter revenue

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin® Ltd. (NASDAQ: GRMN), today announced results for the third quarter ended September 25, 2021.

Highlights for third quarter 2021 include:

Total revenue of $1.19 billion, a 7% increase over the prior year quarter Gross and operating margin were 58.4% and 23.7%, respectively Operating income of $283 million, an 11% decrease compared to the prior year quarter GAAP EPS was $1.34 and pro forma EPS(1) was $1.41 Named Manufacturer of the Year by the National Marine Electronics Association for the seventh... More