Garmin Ltd. (GRMN) Reports In-Line Q1 EPS; Maintains FY Outlook
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Garmin announces first quarter 2022 results
April 27, 2022 7:00 AM EDTCompany reports record first quarter revenue and announces share repurchase plan
SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin® Ltd. (NYSE: GRMN) today announced results for the first quarter ended March 26, 2022.
Highlights for first quarter 2022 include:
Record consolidated revenue of $1.17 billion, a 9% increase over the prior year quarter with three segments posting double digit growth Gross and operating margins were 56.5% and 19.5%, respectively Operating income of $229 million, an 8% decrease compared to the prior year quarter GAAP EPS was $1.09 and pro forma... More