Garmin Ltd. (GRMN) Tops Q4 EPS by 18c

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Go back to Garmin Ltd. (GRMN) Tops Q4 EPS by 18c

Garmin announces fourth quarter and fiscal year 2021 results

February 16, 2022 7:00 AM EST

Company reports record full year revenue and operating income and proposes dividend increase

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin® Ltd. (NYSE: GRMN), today announced results for the fourth quarter and fiscal year ended December 25, 2021.

Highlights for fourth quarter 2021 include:

Record consolidated revenue of $1.39 billion, a 3% increase over the prior year quarter with three of our segments posting strong double digit growth Gross and operating margins were 55.5% and 22.6%, respectively Operating income of $315 million, a 15% decrease compared to the prior year... More