Garmin is helping investors run toward financial freedom. Garmin (GRMN -0.45%) may not be a household name for some investors, but perhaps that should change. Plenty of outdoor enthusiasts know the company's products well, including boaters, runners, hunters, golfers, and pilots. Those hobbies and activities help explain the growing popularity of Garmin's GPS-enabled wearables and other devices. Garmin's leading technologies and use of artificial intelligence (AI) for adaptive training plans and workouts al ...

Garmin Response extends emergency response coordination services to Pixel 9 series OLATHE, Kan., Aug. 14, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the integration of its satellite SOS emergency response coordination service into Google's Android smartphone ecosystem, beginning with the latest Pixel 9 smartphones in the U.S. Under the agreement, Pixel users in the U.S. may be able to connect with Garmin ResponseSM emergency response coordination services when cellular and Wi-Fi coverage is no ...

Runway Occupancy Awareness, or ROA, provides enhanced situational awareness in the busy airport environment OLATHE, Kan., Aug. 14, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the certification of Runway Occupancy Awareness (ROA), marking the first certified software solution utilizing the Surface Indications and Alert (SURF-IA) technology. ROA uses ADS-B traffic to alert the crew of potential runway incursions caused by nearby airborne aircraft, aircraft on the ground and ground vehicles. The i ...

Premium, purpose-built trucking headsets offer Active Noise Cancellation, a built-in LED flashlight and up to 60 hours of continuous talk time OLATHE, Kan., Aug. 13, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the new dēzl™ Headset 110 and dēzl Headset 210, high-performance wireless trucking headsets that provide a superior audio experience and all-day comfort for long-haul drivers. Available in single-ear or two-in-one convertible options, the headsets introduce a dual-color LED flashlight for ...

High-resolution GPS truck navigators include satellite imagery for expert arrival planning and new communitybased guidance to keep drivers informed on their routes OLATHE, Kan., Aug. 13, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the next-gen dēzl™ OTR series, its latest lineup of GPS trucking navigators. Delivering Garmin's trusted trucking navigation, the new series is the first to integrate with the dēzl community1, providing insights and ratings from thousands of fellow drivers to help use ...

Dublin, Aug. 09, 2024 (GLOBE NEWSWIRE) -- The "UK Wearable Medical Devices Market Size, Share & Trends Analysis Report By Product (Diagnostic, Therapeutic), By Site, By Grade Type, By Application (Sports & Fitness, Remote Patient Monitoring), By Distribution Channel, And Segment Forecasts, 2024 - 2030" report has been added to ResearchAndMarkets.com's offering. The UK wearable medical devices market is anticipated to reach USD 6.25 billion by 2030 and is anticipated to expand at a CAGR of 26.3% The continuo ...

This tech-stock rally could be due for a detour. Shares of Garmin (GRMN 0.15%) have been a big winner this year, up more than 30%. The global-technology leader, recognized for its navigation and communications devices, has benefited from an ongoing diversification of its product lineup. Indeed, the company's latest-quarterly update was highlighted by solid growth and record profitability. The headlines are positive, but is that enough to keep the rally going? Here's what you need to know before buying Garmi ...

The latest apps are available to purchase in the Connect IQ marketplace using Garmin Pay OLATHE, Kan., Aug. 6, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that customers can now make purchases in the Connect IQ™ Store using Garmin Pay™. This seamless integration rewards developers for their innovative designs while also providing Garmin customers with access to premium watch faces and apps from brands like Disney, GoPro®, Porsche and TaylorMade—with even more options to come. Garmin customers c ...

财务表现 - Garmin在2024年第二季度实现了14%的年同比收入增长，达到15.1亿美元[5] - Fitness部门在2024年第二季度实现了28%的年同比收入增长，达到4.28亿美元[8] - Outdoor部门在2024年第二季度实现了2%的年同比收入下降，达到4.4亿美元[11] - Aviation部门在2024年第二季度实现了0%的年同比收入增长，达到2.18亿美元[14] - Marine部门在2024年第二季度实现了26%的年同比收入增长，达到2.73亿美元[17] - Auto OEM部门在2024年第二季度实现了41%的年同比收入增长，达到1.47亿美元[20] 地区收入 - Garmin在2024年第二季度实现了15%的年同比美洲地区收入增长，达到7.41亿美元[26] - Garmin在2024年第二季度实现了18%的年同比EMEA地区收入增长，达到5.42亿美元[26]

财务数据和关键指标变化 - 公司第二季度收入增长14%至15.07亿美元,创下第二季度新纪录 [14] - 毛利率为57.3%,经营利润率扩大至22.7%,经营利润增长20%至3.42亿美元 [14] - 非公认会计准则每股收益为1.58美元,同比增长9% [14] 各条业务线数据和关键指标变化 - 健身业务收入增长28%至4.28亿美元,毛利率和经营利润率分别为57%和25% [7] - 户外业务收入下降2%至4.4亿美元,毛利率和经营利润率分别为65%和31% [8][9] - 航空业务收入基本持平,毛利率和经营利润率分别为74%和23% [10] - 航海业务收入增长26%至2.73亿美元,毛利率和经营利润率分别为54%和22% [11] - 汽车OEM业务收入增长41%至1.47亿美元,毛利率为16%,经营亏损减少 [12] 各个市场数据和关键指标变化 - 美洲地区收入增长15%,欧洲中东非洲地区增长18%,亚太地区增长1% [15] 公司战略和发展方向及行业竞争 - 公司在健身、航海等领域推出多款创新产品,持续保持领先地位 [7][11] - 公司在航空和汽车OEM领域获得多家客户的认可,展现出良好的合作关系 [10][12] - 公司在户外和健身领域持续保持强劲增长,预计未来将进一步加速 [8][9][7] 管理层对经营环境和未来前景的评论 - 管理层对公司在第二季度的出色表现感到自豪,并对全年业绩保持乐观态度 [6][7][8][9][10][11][12][13] - 管理层表示公司将继续投资研发,以支持创新和保持竞争优势 [21][39] - 管理层认为公司的产品线和客户群定位较高端,目前尚未看到明显的消费者支出下降迹象 [67] 其他重要信息 - 公司全球员工人数超过20,000人,并获得多项最佳雇主奖项 [6] - 公司在第二季度回购了1000万美元的股票,并支付了1.44亿美元的股息 [17] - 公司预计2024年全年自由现金流约为9亿美元,资本支出约为3.5亿美元 [16] 问答环节重要的提问和回答 问题1 **Joseph Cardoso 提问** 询问公司全年业绩指引中,第二半年的收入增长与利润率的关系 [20][21] **Douglas Boessen 回答** 解释说第二半年毛利率下降主要是由于产品结构变化,以及持续的研发投入 [21][26][29] 问题2 **Erik Woodring 提问** 询问公司全年业绩指引上调是否仅反映了第一季度的超预期表现,还是第二半年也有改善 [25][26] **Clifton Pemble 回答** 表示各业务线表现不同,健身业务表现超预期,而海事业务则采取更谨慎的态度 [26][27] 问题3 **David MacGregor 提问** 询问汽车OEM业务的毛利率水平及未来的发展前景 [37][38][39] **Clifton Pemble 回答** 解释说目前该业务毛利率较低,主要是由于产品结构变化,未来随着规模效应的发挥,预计将有所改善 [38][39]