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Mar 26, 2022
Garmin Q1 2022 Earnings Report
Reported record first quarter revenue and announced share repurchase plan.
Key Takeaways
Garmin Ltd. announced record consolidated revenue of $1.17 billion, a 9% increase over the prior year quarter with three segments posting double digit growth. GAAP EPS was $1.09 and pro forma EPS was $1.11.
Record consolidated revenue of $1.17 billion, a 9% increase over the prior year quarter with three segments posting double digit growth
Gross and operating margins were 56.5% and 19.5%, respectively
Operating income of $229 million, an 8% decrease compared to the prior year quarter
GAAP EPS was $1.09 and pro forma EPS was $1.11
Garmin
Garmin
Garmin Revenue by Segment
Garmin Revenue by Geographic Location
Revenue by Segment
Fitness Revenue
CapyFin.comOutdoor Revenue
CapyFin.comAviation Revenue
CapyFin.comMarine Revenue
CapyFin.comAuto OEM Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
We are maintaining our 2022 guidance for revenue of approximately $5.5 billion and pro forma EPS of $5.90
Revenue & Expenses
Visualization of income flow from segment revenue to net income