Garmin
Garmin was founded in 1989 and is headquartered in Olathe, US
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Key People/Management at Garmin
Min Kao
Executive Chairman
Clifton A. Pemble
President and CEO
Doug Boessen
Chief Financial Officer and Treasurer
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
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 (Q1, 2018) | 710.9 m |
Gross profit (Q1, 2018) | 426.5 m |
Gross profit margin (Q1, 2018), % | 60% |
Net income (Q1, 2018) | 129.4 m |
EBIT (Q1, 2018) | 142.2 m |
Market capitalization (18-Jul-2018) | 12.1 b |
Closing share price (18-Jul-2018) | 64.1 |
Cash (31-Mar-2018) | 899 m |
Garmin's current market capitalization is $12.1 b.
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 585.4 m | 773.8 m | 679.7 m | 624 m | 811.6 m | 722.3 m | 638.5 m | 816.9 m | 743.1 m | 710.9 m |
Cost of goods sold | 241.3 m | 354.6 m | 317.5 m | 284.2 m | 348.7 m | 316.3 m | 266.4 m | 339 m | 309.4 m | 284.3 m |
Gross profit | 344.1 m | 419.3 m | 362.2 m | 339.9 m | 463 m | 406 m | 372.1 m | 477.9 m | 433.7 m | 426.5 m |
Gross profit Margin, % | 59% | 54% | 53% | 54% | 57% | 56% | 58% | 58% | 58% | 60% |
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.2 b | 938.2 m | 914.9 m | 857.7 m | 801.5 m | 912.6 m | 833.6 m | 859.6 m | 891.3 m | 899 m |
Accounts Receivable | 425.7 m | 502 m | 431.9 m | 408.3 m | 510.3 m | 461.4 m | 391.3 m | 514.9 m | 457.4 m | 409.7 m |
Prepaid Expenses | 57.6 m | 83.7 m | 72.7 m | 96.4 m | 93.8 m | 90.7 m | 94.3 m | 106.8 m | 107.3 m | |
Inventories | 470.4 m | 458.5 m | 503.2 m | 517.8 m | 508.2 m | 534.7 m | 533.2 m | 525.2 m | 107.3 m | 547.4 m |
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2018 | Q2, 2018 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 66.8 m | 204.5 m | 323.8 m | 88.1 m | 249.2 m | 374.2 m | 237.8 m | 408.8 m | 556.2 m | 129.4 m |
Depreciation and Amortization | 18.9 m | 38.1 m | 58.4 m | 20.2 m | 41.5 m | 62.5 m | 21.7 m | 42.8 m | 43.4 m | 23.1 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) |
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) |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 1.2 x |
Garmin Acquisitions / Subsidiaries
| Acquired Company | Date | Deal 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 |
Garmin Revenue Breakdown
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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Garmin Online and Social Media Presence
150.07k Twitter followers
Garmin has 150.07k number of Twitter Followers. The number of followers has decrease 0.4% month over month and grown 0.4% quarter over quarter
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Garmin News and Updates
July 12, 2018
Motorcycle Infotainment System Market- increasing demand with Industry Professionals: Harman, Garmin, TomTom & Clarion
HTF MI recently introduced new title on “Global Motorcycle Infotainment System Market Size, Status and Forecast 2025” from its database. The report provides study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2025. Posted via Indust…
July 10, 2018
Insights on the Growth of Wearable Tracking Devices Market - Know About Technology Aspects, Analysis by Regions, Future Outlook, Competitive Analysis – Forecast to 2027
Wearable Tracking Devices Market report explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment. Posted via Industry To…
July 04, 2018
Fitness Tracker Consumption Market Application and Growth Analysis 2018 by Top Key Players(Apple, Epson, Garmin, Jawbone, Nike, Nike, XiaoMi, Fitbit, Under Armour, Samsung and Others)
Fitness Tracker Consumption Market report offers a detailed Outlook and future prospects of the Fitness Tracker Consumption Industry with analysis of major players that helps Industry experts, analysts and business decision makers to decide their business strategies and achieve proposed business aim…
July 03, 2018
Ship Radar Market Trends Outlook to 2023 by Top Companies - Furuno, Navico, JRC (Alphatron Marine), Garmin, SAM Electronics, Transas Marine International, Raymarine, Raytheon and Others
Ship Radar Market report offers a detailed Outlook and future prospects of the Ship Radar Industry with analysis of major players that helps Industry experts, analysts and business decision makers to decide their business strategies and achieve proposed business aims. Posted via Industry Today. Foll…
June 29, 2018
Garmin Edge 1030 vs. the iPhone X
Our lead bike reviewer set out to answer the question: Do you really need all the fancy riding tech, or will a smartphone suffice?
June 23, 2018
Garmin just unveiled a new series of $700 smartwatches for serious athletes — here's what they can do (GRMN)
Garmin's line of high-end smartwatches just got a major upgrade.
On Monday, Garmin unveiled its series of Fenix 5 Plus smartwatches. The three watches — the Fenix 5S Plus, the Fenix 5 Plus, and the Fenix 5X Plus — are upgrades to Garmin's Fenix 5 line, which it launched last year.
The new watches …
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Garmin Company Life and Culture
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