Garmin
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Garmin

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    • Manufacturing & IndustrialTechnologyconsumer electronicsgeolocationnavigationsatellitewearableswireless

    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.

    Revenue(FY, 2017)
    $3.1 B
    Market capitalization(2018-09-20)
    $13.2 B
    TypePublic
    HQOlathe, US
    Founded1989
    Size (employees)12,300 (est)+7%
    Websitegarmin.com
    Garmin was founded in 1989 and is headquartered in Olathe, US
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    Key People/Management at Garmin

    Min Kao

    Min Kao

    Executive Chairman
    Clifton A. Pemble

    Clifton A. Pemble

    President and CEO
    Doug Boessen

    Doug Boessen

    Chief Financial Officer and Treasurer
    Andrew Etkind

    Andrew Etkind

    Vice President, General Counsel and Secretary
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    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 Revenue

    Embed Graph
    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 (Q2, 2018)

    		1.6 b

    Gross profit (Q2, 2018)

    		949.8 m

    Gross profit margin (Q2, 2018), %

    		59.2%

    Net income (Q2, 2018)

    		319.7 m

    EBIT (Q2, 2018)

    		359.7 m

    Market capitalization (20-Sep-2018)

    		13.2 b

    Closing stock price (20-Sep-2018)

    		69.7

    Cash (30-Jun-2018)

    		946.7 m
    Garmin's current market capitalization is $13.2 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, 2017Q1, 2018Q2, 2018

    Revenue

    		585.4 m773.8 m679.7 m624 m811.6 m722.3 m638.5 m816.9 m743.1 m710.9 m1.6 b

    Cost of goods sold

    		241.3 m354.6 m317.5 m284.2 m348.7 m316.3 m266.4 m339 m309.4 m284.3 m655.5 m

    Gross profit

    		344.1 m419.3 m362.2 m339.9 m463 m406 m372.1 m477.9 m433.7 m426.5 m949.8 m

    Gross profit Margin, %

    		59%54%53%54%57%56%58%58%58%60%59%
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    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, 2017Q1, 2018Q2, 2018

    Cash

    		1.2 b938.2 m914.9 m857.7 m801.5 m912.6 m833.6 m859.6 m891.3 m899 m946.7 m

    Accounts Receivable

    		425.7 m502 m431.9 m408.3 m510.3 m461.4 m391.3 m514.9 m457.4 m409.7 m533.1 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 m547.4 m501.5 m
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    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, 2017Q1, 2018Q2, 2018

    Net Income

    		66.8 m204.5 m323.8 m88.1 m249.2 m374.2 m237.8 m408.8 m556.2 m129.4 m319.7 m

    Depreciation and Amortization

    		18.9 m38.1 m58.4 m20.2 m41.5 m62.5 m21.7 m42.8 m43.4 m23.1 m48.2 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)(26.5 m)(4.7 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)(36.7 m)1.6 m
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    USDY, 2018

    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
    NavionicsOctober 27, 2017
    Alphamantis TechnologiesJuly 20, 2017
    ActiveCaptainMay 11, 2017
    IiyonetSeptember 30, 2016
    DeLormeMarch 03, 2016
    PulsedLightJanuary 13, 2016
    iKubuJanuary 14, 2015
    Fusion ElectronicsJune 30, 2014
    Nexus Marine ABSeptember 13, 2012
    Garmin Chile Lda.December 22, 2011
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    Garmin Revenue Breakdown

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    Garmin revenue breakdown by business segment: 16.2% from Aviation, 24.3% from Auto, 12.1% from Marine, 24.7% from Fitness and 22.6% from Outdoor

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    Competitors

    Fitbit
    Healthcare - Public
    Trimble
    Manufacturing & Industrial - Public
    Monster Digital
    Manufacturing & Industrial - Public
    Track Group
    Manufacturing & Industrial - Public
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    Garmin Online and Social Media Presence

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    Garmin News and Updates

    August 23, 2018

    What will be the growth of Smart Wearable Lifestyle Devices Market? Players evolve: Apple, Fitbit, Garmin, Jawbone (Aliph)

    HTF MI released a new market study on Global Smart Wearable Lifestyle Devices Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete …
    August 22, 2018

    Gym/Club Fitness Trackers Global Market Top Key Players – Fitbit, Samsung, XiaoMi, Garmin, Jabra, Atlas Wearables and Forecast to 2023

    Wiseguyreports.Com Added New Market Research Report On -“Gym/Club Fitness Trackers Market 2018 Manufacturers, Applications and Future Demand Forecast to 2023 ”. Posted via Industry Today. Follow us on Twitter @IndustryToday
    August 14, 2018

    PoS Devices Market Excellent Growth by 2023| Comprehensive Study on Key Players: Garmin, Esterline, Honeywell Aerospace, Avidyne Corp

    PoS Devices Market Latest Developments by Type, by End-Users/Application, by Region - Forecast and Business Outlook Posted via Industry Today. Follow us on Twitter @IndustryToday
    August 09, 2018

    Rapid Growth of Physical Education Technology Market | Key Vendors (Garmin ,Jawbone ,Konami ,Motorola Mobility ,Nike ,Pebble) | Global Forecasts Till 2025

    The physical education technology market is highly dynamic as it is still in its nascent stage, with many vendors still exploring ways to converge technology with physical education activities while ensuring educational institutions do not incur substantial additional expenditure. Posted via Industr…
    August 06, 2018

    12 of the best GPS devices for your car

    While today's smartphones are loaded with Google Maps or Apple Maps, they are merely quick solutions for traveling short distances. Believe it or not, getting a dedicated GPS device for your car or truck is still the best way to get to your destination safely and with ease.  SEE ALSO: 11 of the be…
    August 03, 2018

    Fish Finders Market to Rise at 6.0% CAGR between 2018 and 2023, Widening Application Base to Boost Growth

    Fish Finders Market Report contains complete information about manufacturers, suppliers, distributors, traders, customers, investors and major types as well as applications. Fish Finders market report provides an in-depth overview of Product Specification, technology, product type and production ana…
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    Garmin Company Life and Culture

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