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 International, a unit of Garmin Ltd. (NASDAQ: GRMN), has won a trade lawsuit against Philips North America and Koninklijke Philips NV. An Administrative Law Judge (ALJ) determined that Philips’ patents were invalid and did not infringe on Garmin's wearable devices. Garmin expressed satisfaction with the ruling, emphasizing its commitment to contesting unfounded patent lawsuits. This initial determination can be reviewed by the International Trade Commission.
Garmin has launched the Lily smartwatch, designed specifically for women, combining fashion with functionality. Available in Classic ($249.99) and Sport ($199.99) models, Lily features a 34mm case, stylish design, and health-tracking capabilities including menstrual cycle and pregnancy monitoring. With a battery life of up to 5 days, it offers smart notifications and activity tracking. The launch reflects Garmin's dedication to women's wellness and fashion-forward technology.
Garmin has announced that its GI 275 electronic flight instrument has received EASA approval for installation in over 1,000 single-engine and multi-engine aircraft. This modern instrument serves as a replacement for legacy flight instruments, offering features like a high-resolution touchscreen display, Synthetic Vision Technology, and compatibility with multiple GPS sources. The GI 275 is designed to enhance cockpit functionality while also being lightweight and compact, simplifying installation. It is available immediately and comes with a two-year warranty and 24/7 technical support.
Garmin International Inc. has been awarded the 2020 On-Time Delivery Award by Airbus Helicopters, marking its second consecutive year receiving this recognition. This award acknowledges Garmin's commitment to timely product delivery for its avionics systems used in Airbus Helicopters like the H125, H130, H135, and H145. Garmin's aviation segment continues to be a key provider for OEM and aftermarket solutions, signifying strong operational performance and strategic partnerships, particularly with Airbus.
Garmin Ltd. (Nasdaq: GRMN) will host its fourth quarter 2020 earnings conference call on February 17, 2021, at 10:30 a.m. ET. The call will precede the earnings release, which will be made available before market open on the same day. Shareholders and investors can join the call online or via phone by dialing 855-757-3897. A replay of the call will be accessible on Garmin's website until February 16, 2022. The company continues to focus on innovation across various sectors, including aviation, automotive, and fitness.
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), has received its 11th Supplier of the Year award from Embraer for its G3000 Prodigy Touch flight deck systems. The recognition came in the Electric and Electronic Systems category, highlighting Garmin's commitment to innovation and customer satisfaction. This award emphasizes the strong collaboration with Embraer, which has resulted in enhanced in-flight experiences for customers. Garmin continues to be a leading provider in the aviation sector, with a focus on quality and reliability.
Garmin International Inc. has launched the RV 1090, the largest addition to its RV-specific GPS navigator series. Featuring a 10-inch high-resolution touchscreen, the RV 1090 offers enhanced visibility for travelers, customizable RV routing, and preloaded travel content including RV parks and services. Notable features include Bluetooth hands-free calling, a voice assistant, and easy trip planning through the Garmin Drive app. The RV 1090 is priced at $699.99 and aims to provide a seamless navigation experience for RV enthusiasts.
Garmin International announced that its innovative Autoland system won the first Top Flight Award from Aviation International News in the Contribution to Safety category. Autoland is the first certified system that can autonomously land an aircraft in emergencies, aiding pilot incapacitation scenarios. This recognition affirms Garmin's commitment to aviation safety through advanced technology. Autoland has received FAA certification for various aircraft, including the Piper M600 and Daher TBM 940, enhancing the operational safety of single-pilot operated planes.
Garmin Ltd. (NASDAQ: GRMN) has acquired the assets of GEOS Worldwide Limited, a leader in emergency monitoring and incident response services. This acquisition enhances Garmin's inReach® personal satellite communicators' SOS response capabilities via the International Emergency Response Coordination Center (IERCC). Since 2007, IERCC has managed over 83,000 emergencies, including 5,000 from Garmin users. The financial terms remain undisclosed. Garmin aims to improve safety for its customers through this strategic acquisition, leveraging GEOS's expertise to continue providing top-tier emergency services.
Garmin International has announced that its FltPlan.com platform has integrated runway analysis service from AeroData. This feature allows pilots to calculate performance data during flight planning, streamlining the process and improving accuracy. AeroData serves over 135 airlines and now extends its offerings to business aviation, enabling tailored performance calculations and obstacle clearance procedures. Key benefits include time savings, maximized aircraft performance, and automatic fuel load calculations. This integration aims to enhance operational safety and efficiency for pilots in business aviation.
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