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Garmin Reports Record First Quarter Revenue

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Garmin Reports Record First Quarter Revenue

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  • Garmin Reports Record First Quarter Revenue

    Garmin Reports Record First Quarter Revenue

    Schaffhausen, May 8th, 2018 – Garmin Ltd. announced results for the first quarter ended March 31.:
    Highlights for the first quarter 2018 inlcude:
    Total revenue of $711 million, growing 11% over the prior year, with outdoor, fitness, aviation, and marine collectively growing 18% over the prior year quarter and contributing 80% of total revenue Gross margin improved to 60.0% compared to 5