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 has launched the epix™, a premium multisport smartwatch featuring a vibrant AMOLED display. Designed for an active lifestyle, the watch boasts up to 16 days of battery life, advanced health monitoring features, and customizable training plans. It offers a durable design with a sapphire lens and titanium bezel, making it suitable for both workouts and everyday wear. The epix provides smart features like music storage, notifications, and Garmin Pay, aimed at enhancing the user experience. Priced starting at $899.99, it caters to both fitness enthusiasts and everyday users.
Garmin Ltd. (NYSE: GRMN) is set to hold its fourth quarter 2021 earnings conference call on February 16, 2022, at 10:30 a.m. EST. This conference call will follow the earnings release, which is scheduled for distribution prior to market open on the same day. Investors can access the call via the company's website or by phone. A replay of the call will be available until February 15, 2023. Garmin, incorporated in Switzerland, continues to innovate across various sectors, including aviation and fitness.
Garmin, a leading tech firm, has announced a sponsorship deal for 2022 with over 15 professional cycling teams and numerous athletes. This partnership will see these teams utilize Garmin and Tacx products for training and competitions. Key products include Forerunner running watches and Edge cycling computers, designed to enhance performance through detailed metrics. Notable teams such as Quick Step-Alpha Vinyl and INEOS Grenadiers will fully integrate Garmin's ecosystem into their training. This initiative underscores Garmin's commitment to supporting athletes at every level while promoting its innovative product offerings.
Garmin has launched the 2022 Garmin Tacx Mash Down Tour, starting on January 20, covering 11 cities across the U.S. This event will showcase Garmin and Tacx products through hands-on demos and competitive challenges on Zwift. Each tour stop will allow participants to test various Garmin cycling products, including Tacx trainers and Edge GPS cycling computers. Attendees can also enter to win prizes, including Tacx trainers. This initiative aims to promote Garmin's ecosystem among cyclists, enhancing brand visibility and product engagement.
Garmin released its 2021 Global Garmin Connect Fitness Report, showcasing record activity levels among smartwatch users amid ongoing COVID-19 challenges. In 2021, indoor fitness activities surged by 20.54%, with Pilates and yoga leading the growth. Outdoor activities also increased by 9.52%, driven by gravel cycling and winter sports. Key highlights include a 108.30% rise in Pilates sessions and significant growth in breathwork and gravel rides. The report reflects Garmin's commitment to enhancing fitness experiences for its users and demonstrates resilience in a global pandemic environment.
Garmin has launched three new rugged devices in the Tread series: Tread XL Overland Edition, Tread Overland Edition, and Tread SxS Edition. Designed for off-road enthusiasts, these devices feature a glove-friendly touchscreen, turn-by-turn trail navigation, and built-in inReach technology for global satellite communication. The Tread devices come in vibrant 10-inch and 8-inch displays, with prices ranging from
Garmin has launched the vívomove Sport, a hybrid smartwatch combining the classic look of an analog watch with modern health and fitness tracking features. Priced at $179.99, this new addition includes Body Battery energy monitoring, stress tracking, sleep monitoring, and various built-in sports apps. The design features real ticking watch hands that reveal a hidden touchscreen display. Garmin aims to attract users looking for a stylish yet functional wellness accessory.
Garmin has launched the Venu 2 Plus, a new GPS smartwatch that allows users to make calls and use voice assistants directly from their wrist. Key features include heart rate monitoring, advanced sleep tracking, and a battery life of up to 9 days. The smartwatch supports over 25 sports apps and provides health insights through tools like Body Battery and Health Snapshot. Priced at
Garmin Ltd. (NYSE:GRMN) has acquired Vesper Marine, a company specializing in AIS, VHF, and vessel monitoring solutions for the marine industry. This acquisition aims to enhance Garmin's existing marine product lineup, providing improved situational awareness for boaters. Vesper Marine's Cortex system merges VHF radio with smartAIS technology, featuring alarms for potential hazards. The integration will leverage Garmin's established market presence, though financial terms remain undisclosed. The acquisition is expected to strengthen Garmin's position as a leader in marine technology.
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