Garmin (formerly known as ProNav) is a multinational technology company known for its specialization in GPS technology development. The Company designs, develops, manufactures, markets and distributes a diverse family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products.

Type
Public
HQ
Olathe, US
Founded
1989
Size (employees)
11,600 (est)
Website
garmin.com
Garmin was founded in 1989 and is headquartered in Olathe, US
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Key People/Management at Garmin

Clifton Pemble

Clifton Pemble

President and CEO
Min Kao

Min Kao

Executive Chairman
Doug Boessen

Doug Boessen

Chief Financial Officer and Treasurer
Andrew Etkind

Andrew Etkind

Vice President, General Counsel and Secretary

Garmin Office Locations

Garmin has offices in Olathe, Southampton, Xizhi District and Salem
Olathe, US (HQ)
1200 E 151st St
Salem, US
2345 Turner Rd SE
Xizhi District, TW
Zhangshu 2nd Rd
Southampton, GB
Liberty House, Bulls Copse Road, Hounsdown Business Park
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Garmin Financials and Metrics

Garmin Financials

Garmin's revenue was reported to be $3.09 b in FY, 2017 which is a 2.3% increase from the previous period.
USD

Revenue (FY, 2017)

3.1 b

Revenue growth (FY, 2016 - FY, 2017), %

2.3%

Gross profit (FY, 2017)

1.8 b

Gross profit margin (FY, 2017), %

57.8%

Net income (FY, 2017)

695 m

EBIT (FY, 2017)

668.9 m

Market capitalization (20-Apr-2018)

11.1 b

Cash (30-Dec-2017)

891.5 m
Garmin's current market capitalization is $11.1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.9 b2.8 b3 b3.1 b

Revenue growth, %

9%(2%)7%2%

Cost of goods sold

1.3 b1.3 b1.3 b1.3 b

Gross profit

1.6 b1.5 b1.7 b1.8 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

585.4 m773.8 m679.7 m624 m811.6 m722.3 m638.5 m816.9 m743.1 m

Cost of goods sold

241.3 m354.6 m317.5 m284.2 m348.7 m316.3 m266.4 m339 m309.4 m

Gross profit

344.1 m419.3 m362.2 m339.9 m463 m406 m372.1 m477.9 m433.7 m

Gross profit Margin, %

59%54%53%54%57%56%58%58%58%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.2 b833.1 m846.9 m891.5 m

Accounts Receivable

570.2 m531.5 m527.1 m590.9 m

Prepaid Expenses

48.6 m81.6 m89.9 m153.9 m

Inventories

48.6 m81.6 m484.8 m517.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

1.2 b938.2 m914.9 m857.7 m801.5 m912.6 m833.6 m859.6 m891.3 m

Accounts Receivable

425.7 m502 m431.9 m408.3 m510.3 m461.4 m391.3 m514.9 m457.4 m

Prepaid Expenses

57.6 m83.7 m72.7 m96.4 m93.8 m90.7 m94.3 m106.8 m107.3 m

Inventories

470.4 m458.5 m503.2 m517.8 m508.2 m534.7 m533.2 m525.2 m107.3 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

364.2 m456.2 m510.8 m695 m

Depreciation and Amortization

48.4 m51.3 m55.8 m59.9 m

Inventories

(76 m)(120 m)(2.5 m)(38.6 m)

Accounts Payable

9 m36.1 m(11.5 m)(17.2 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2017

Net Income

66.8 m204.5 m323.8 m88.1 m249.2 m374.2 m237.8 m408.8 m556.2 m

Depreciation and Amortization

18.9 m38.1 m58.4 m20.2 m41.5 m62.5 m21.7 m42.8 m43.4 m

Inventories

(56.9 m)(45.6 m)(111 m)(18.9 m)(16.7 m)(41 m)(41.4 m)(34.6 m)(86.6 m)

Accounts Payable

(26 m)(7.1 m)16.9 m(45.5 m)(32.3 m)(40.7 m)(44.2 m)(20.9 m)(24.5 m)
USDY, 2017

Revenue/Employee

266.1 k

Financial Leverage

1.3 x
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Garmin Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017

Patents Issued

880 950 1.05 k1.10 k

Trademarks

610 640 700 750
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Garmin Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Navionics October 27, 2017
Alphamantis Technologies July 20, 2017
ActiveCaptain May 11, 2017
Iiyonet September 30, 2016
DeLorme March 03, 2016
PulsedLight January 13, 2016
iKubu January 14, 2015
Fusion Electronics June 30, 2014
Nexus Marine AB September 13, 2012
Garmin Chile Lda. December 22, 2011
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Garmin News and Updates

Garmin Introduces GFC 600H Helicopter Flight Control System

The new attitude-based flight control system, derived from attitude and heading reference systems, is designed to reduce pilot workload and improve mission safety, and includes a number of safety features specifically tailored for helicopters.

Satellite-based Automatic Identification Systems arket Trends & Forecast to 2025- Industry Analysis by Geographical Regions

ReportsWeb.com has added a new report titled “Global Satellite-based Automatic Identification Systems Report”, to the database, the report focuses on Product Price, Profit, Capacity, Production, Capacity Utilization, Supply, Demand and Industry Growth. Posted via Industry Today. Follow us on Twitter…

Automotive Over the Air (OTA) Updates Global Market 2018: Key Players – Blackberry Limited, Garmin Ltd, Harman International Industries, NXP Semiconductors, Verizon Communications

Automotive Over the Air (OTA) Updates -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Cycle Computer Global Market 2018: Key Players – Garmin, CatEye, Pioneer Electronics, VDO Cyclecomputers, Sigma Sport

Cycle Computer -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Helmet Cameras Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2022

“Global Helmet Cameras Market Professional Survey Report 2018” newly adds in ReportsWeb.com database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenue and specification. Posted via Industry Today. Follow us on Twitter…
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