Welcome to our dedicated page for Garmin news (Ticker: GRMN), a resource for investors and traders seeking the latest updates and insights on Garmin stock.
Garmin Ltd. (NYSE: GRMN) is a globally recognized leader in the development of GPS-enabled hardware and software across five verticals: fitness, outdoors, auto, aviation, and marine. Established in 1989 in Kansas City, Garmin has grown exponentially, maintaining its entrepreneurial spirit while fostering a culture where every voice counts. This ethos drives the company’s innovative spirit, making technology accessible and meaningful to a global audience.
Garmin’s product portfolio includes a wide range of devices tailored to meet the needs of various niche activities such as scuba diving, sailing, and off-road adventures. The company’s GPS systems are known for their reliability and precision, making them favorites among athletes, outdoor enthusiasts, and professionals alike. Garmin's presence is truly global, with operations in over 100 countries and a diverse network of distributors and original equipment manufacturer (OEM) partnerships.
Recently, Garmin has made significant strides in expanding its offerings and enhancing product capabilities. For instance, the company’s Unified Cabin™ automotive suite was showcased at CES 2024, featuring advanced technologies like Dolby Atmos audio, zoned voice assistance, and improved device connectivity. Garmin's collaboration with leading automobile manufacturers such as BMW, Daimler, Ford, and Honda further underscores its commitment to innovation and quality.
In the marine segment, Garmin launched the Panoptix™ PS70, a groundbreaking live sonar device capable of providing real-time views at depths of up to 1,000 feet. This technology offers a video-like experience with rapid updates, setting a new standard for deep-sea sportfishing. The company's marine products continue to revolutionize the industry, earning accolades and solidifying Garmin's position as a market leader.
Financially, Garmin is robust, consistently achieving record revenue in multiple segments. In 2023, the company reported record full-year revenue across three of its five segments, driven by the successful launch of new products and strong market demand. Garmin’s financial health is further highlighted by its significant operating cash flow and a well-maintained dividend policy, ensuring long-term value for shareholders.
Garmin’s future projects and partnerships are indicative of its forward-looking strategy. The company continues to collaborate with industry leaders like Kawasaki and Vuzix to integrate advanced technologies into its offerings, ensuring that it remains at the forefront of innovation in the tech world.
Garmin (NYSE: GRMN) has been awarded the 2024 National Boating Safety Award by the Sea Tow Foundation for the fourth consecutive year. The award, presented on October 2, 2024, recognizes Garmin's outstanding commitment to promoting safe and responsible boating practices.
Garmin received top honors in the Gear and Equipment Manufacturer category for its efforts during National Safe Boating Week 2024. The company's initiatives included educational social media posts, informative blog content, and a special marine webinar demonstrating the use of Garmin electronics and emphasizing the importance of map updates.
Jarrod Seymour, Garmin Vice President and Marine Segment Leader, expressed pride in the company's commitment to creating products that support safe boating practices. Garmin's range of marine products, including inReach satellite communicators, charts, AIS monitoring, and marine radars, have long provided boaters with enhanced situational awareness and peace of mind.
Garmin (NYSE: GRMN) has been named the Most Innovative Marine Company for the second consecutive year by Soundings Trade Only, a leading trade publication for the recreational boating industry. The award was announced at the International BoatBuilders' Exhibition and Conference (IBEX) held Oct. 1-3. This marks Garmin's seventh consecutive year in the Top 5 companies.
The awards program evaluates companies in key innovation categories, including altruism/social awareness, development & technology, workforce culture, manufacturing process/supply chains, start-up mentality, and sustainability. Judges commended Garmin's commitment to purpose-driven innovations in people, processes, and products.
Garmin's Vice President and Marine Segment Leader, Jarrod Seymour, expressed pride in the team's dedication to providing continuous value through new ideas and game-changing technologies.
Garmin (NYSE: GRMN) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, October 30, 2024, at 10:30 a.m. EDT. The call will coincide with the company's earnings release, which will be distributed before the market opens on the same day. Shareholders, investors, and analysts are invited to participate in the live webcast available at Garmin's investor relations website. Those in the U.S. and Canada who prefer to join by phone, as well as analysts wishing to participate in the Q&A session, can dial 1.800.715.9871. It is recommended to join 10 minutes before the event start. An archive of the webcast will be accessible until October 29, 2025. For any inquiries, participants can contact investor.relations@garmin.com.
Garmin (NYSE: GRMN) has unveiled the Lily 2 Active, its smallest smartwatch with built-in GPS. This fashion-forward device features a metal watch case, two buttons, and a hidden display with a unique patterned lens. The Lily 2 Active boasts up to 9 days of battery life in smartwatch mode and 9 hours in GPS mode.
Key features include 24/7 health monitoring, women's health tracking, morning reports, and a meditation activity. The watch offers new sports apps for tennis, pickleball, indoor cycling, and golf. It's compatible with both iPhone and Android smartphones, allowing users to receive notifications directly on the watch. The Lily 2 Active is available in two colorways: Lunar Gold and Bone or Silver and Purple Jasmine, with a suggested retail price of $299.99.
Garmin has unveiled the new Fusion Apollo Marine Speakers and Subwoofers, combining premium sound quality with enhanced visual features. The series offers:
- Dual-hue LED lighting rings and interchangeable grilles
- High-fidelity sound and crystal-clear bass
- Easy integration with Fusion stereos and amplifiers
- Customizable appearance with removable grilles in various colors
- Size options for coaxial speakers (6.5", 7.7", 8.8") and subwoofers (10", 12")
- IP66 and IP67 rated for dust and water protection
- 3-year consumer warranty
The Apollo series is designed for superior durability and easy installation, with prices ranging from $549.99 to $949.99.
Garmin announced the winners of the 2024 Garmin Health Awards at its annual Health Summit in Prague, celebrating innovative digital health solutions. VigiLife, Inc. won the Expert's Choice award for their SafeGuard® platform, while Metluma secured the People's Choice award for their menopause care model. The event also marked Garmin Health's 10th anniversary and a significant milestone of supporting over 1,000 research studies worldwide.
Professor Josip Car from King's College delivered a keynote on the future potential of wearables in digital health. Garmin also signed an agreement with Apollo Health Axis to offer fitness trackers as part of select health plans in India. The Summit provided networking opportunities and expert sessions on topics such as the Garmin Health connected ecosystem, research, insurance, and employee wellness benefits.
Garmin (NYSE: GRMN) has been named Manufacturer of the Year in the large manufacturer category for the 10th consecutive year by the National Marine Electronics Association (NMEA). This milestone achievement is unmatched by any other manufacturer. Garmin also received six Product of Excellence awards in various categories, including multi-function display, autopilot, multimedia entertainment, automatic identification system, satellite communication antenna, and marine apps.
The company's winning products include the GPSMAP 9227, Reactor 40 Hydraulic Autopilot, Fusion Apollo RA770 Marine Stereo, Cortex M1 Hub, inReach Mini 2 Marine Bundle, and the ActiveCaptain app. These awards highlight Garmin's commitment to innovation and quality in marine electronics, as well as their dedication to customer service and support.
Garmin (NYSE: GRMN) has introduced the inReach Messenger Plus, a new satellite communicator with enhanced features including photo and voice messaging. This device offers global two-way texting, location sharing, and SOS capabilities beyond cell coverage. Key features include:
- Durable design with IPX7 water resistance
- Long battery life lasting weeks to months
- Group text messaging with up to 1,600 characters
- Interactive SOS with Garmin Response 24/7 assistance
- Weather reports and forecasts
- Off-grid navigation when paired with Garmin Explore app
The inReach Messenger Plus is priced at $499.99 and requires an active satellite subscription starting at $14.99 per month.
Garmin (NYSE: GRMN) has received certification for its G5000 integrated flight deck for Cessna Citation XLS+ and XLS Gen2 aircraft, expanding its successful upgrade program. The G5000 suite modernizes the cockpit, reduces operational costs, and enhances situational awareness. Key features include:
- Three landscape-oriented flight displays with split-screen capability
- Two intuitive touchscreen controllers
- Fully digital Automatic Flight Control System (AFCS)
- Emergency Descent Mode (EDM) and Underspeed protection (USP)
- PBN/RNP 0.3 certification for improved approach capabilities
- Enhanced Synthetic Vision Technology (SVT) with 3D airport views
- ADS-B In/Out compliance with new safety features
- GWX 8000 StormOptix weather radar
- Connectivity options including PlaneSync and Connext global datalink services
Garmin (NYSE: GRMN) co-founders Dr. Min Kao and the late Gary Burrell have been inducted into the National Aviation Hall of Fame (NAHF). This recognition coincides with Garmin's 35th anniversary and honors their significant contributions to the aviation industry. Under their leadership, Garmin developed numerous innovative products that advanced aviation safety and capabilities, including:
- The GPS 100AVD in 1991, the first panel-mounted GPS navigator for general aviation
- The GPS 155 in 1994, the world's first certified GPS receiver for instrument approaches
- The GNS 430/530 family in 1998, combining GPS navigation with color moving maps and VHF communication
- The G1000 integrated flight deck in 2004, setting a new standard for cockpit innovation
- The Electronic Stability and Protection system in 2010, enhancing flight safety
- Garmin Autoland in 2020, the first certified autonomous landing system
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