Q2 2019

@MarkFord
em 31/07/2019 14:21

Highlights for the second quarter 2019 include:
Record second quarter revenue of $955 million, a 7% increase, with aviation, marine, fitness and outdoor collectively increasing 12% over the prior year quarter
Gross margin of 60.3% compared to 58.5% in the prior year quarter
Operating margin of 26.8% compared to 24.3% in the prior year quarter
Operating income of $256 million, increasing 18% over the prior year quarter
GAAP diluted EPS was $1.17 and pro forma diluted EPS(1) was $1.16, increasing 17% over the prior year quarter
Aviation segment continues to capitalize on the ADS-B opportunity with strong unit market share
Recently announced the innovative ForceTM trolling motor and won Best of Show at ICAST, the world’s largest sportfishing trade show
Launched the refreshed line of Forerunner® running watches, providing both smartwatch features and enhanced running dynamics for all runners

Garmin reports record second quarter revenue and profits; raises guidance | Garmin International

#1 de 6

@MarkFord
em 31/07/2019 17:27

Garmin Ltd. (NASDAQ:GRMN) issued its quarterly earnings results on Wednesday, July, 31st. The scientific and technical instruments company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.15. The scientific and technical instruments company had revenue of $955 million for the quarter, compared to the consensus estimate of $930.98 million. Garmin had a net margin of 20.72% and a return on equity of 17.60%. The business's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS.