Garmin Ltd (GRMN)

[MCArmel1]

Garmin misses by $0.01, beats on revenue

Feb 18 2015, 07:09 ET | About: Garmin Ltd. (GRMN) | By: Jignesh Mehta, SA News Editor

Garmin (NASDAQ:GRMN): Q4 EPS of $0.77 misses by $0.01.
Revenue of $803.31M (+5.7% Y/Y) beats by $13.37M.
Press Release

http://seekingalpha.com/news/2304996-garmin-misses-by-0_01-beats-on-revenue?auth_param=ano5b:1ae90b2:c34b1d16a0e3feb96f074a78483dd033&uprof=45#email_link


Garmin Reports Strong Fiscal 2014 Revenue and Pro Forma EPS Growth; Proposes Dividend Increase and Announces Share Repurchase Plan
Wed February 18, 2015 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the fiscal year and quarter ended December 27, 2014.

Highlights in the quarter include:
• Total revenue of $803 million in fourth quarter 2014 with non-automotive/mobile segments of outdoor, fitness, aviation and marine delivering 58% of total revenues
• Gross and operating margins of 54% and 22%, respectively
• Gained market share across a broad range of product categories including activity trackers and PNDs

Highlights for the fiscal year include:
• Total revenue of $2,871 million in 2014 with non-automotive/mobile segments of outdoor, fitness, aviation and marine growing a combined 23% over 2013 and contributing 57% of total revenue
• Gross and operating margins of 56% and 24%, respectively, improving from 2013 levels
• Continued diversification of revenue and profitability sources as we entered new product categories, broadened our range of offerings and grew market share
• Returned $602 million of cash to shareholders with quarterly dividends totaling $360 million and share repurchases of $242 million

More...

http://seekingalpha.com/pr/12549006-garmin-reports-strong-fiscal-2014-revenue-and-pro-forma-eps-growth-proposes-dividend-increase-and-announces-share-repurchase-plan