Garmin

Garmin Ltd. is a group of companies that designs, manufactures, markets and sells navigation, communication and information devices and applications, most of which are enabled by GPS technology.

GNK 20 (left) and GNK 21.

Garmin debuts two new products

Garmin International today announced the GNX 20 and GNX 21, the newest offerings in the company’s marine instrumentation lineup.

Garmin reports 4Q, year-end earnings

Garmin Ltd. reported lower fourth-quarter revenue, but profits climbed 27 percent as rising sales in the company’s marine segment helped offset a revenue decline in the company’s automotive and mobile business.

Garmin teams up with Mastervolt on new technology

Garmin International today announced a fully integrated vessel solution for its GPS MAP Glass Helm series as a result of a collaboration with Mastervolt, the manufacturer of CZone intelligent technology, which seeks to make the boating experience more automated and fluent at the helm.

Garmin reports 3Q results

Garmin Ltd. today announced stronger-than-expected revenue for the third quarter, leading the company to raise its earnings-per-share guidance for the full year to $2.40 to $2.45 from $2.30 to $2.40. Revenue was $644 million for the quarter that ended Sept. 28, with outdoor, fitness, aviation and marine delivering 50 percent of total revenue and growing…more

Garmin enters the action-camera market

Garmin International, a unit of Garmin Ltd., today announced the introduction of VIRB, the satellite navigation manufacturer’s first true HD 1080p action camera series. Meant for outdoor shooting in challenging elements, VIRB features a rugged and waterproof (IPX-7 waterproof rating) housing and a 1.4-inch Chroma color display. The camera features digital image stabilization and lens…more

Garmin faces investor lawsuit over failed LightSquared project

Investors filed a $1.9 billion lawsuit against three GPS receiver manufacturers, including Garmin International, over LightSquared, a now bankrupt company that still hopes to build a wireless broadband network across the United States. The investors, led by Harbinger Capital Partners, are seeking compensation for losses incurred when the Federal Communications Commission denied LightSquared permission to…more

Garmin reports 2Q results

Garmin Ltd. today reported lower revenue and profits in the second quarter, but its results topped Wall Street estimates and the company said its 2013 guidance remains largely unchanged. Garmin reported net income for the quarter that ended June 29 of $172.5 million, or 88 cents a share, down 7.2 percent from $185.9 million, or…more

Garmin reports 1Q results

Total revenue dropped 4 percent for Garmin to $532 million in the first quarter from $557 million in the first quarter of 2012. The company announced that the marine segment saw one of the largest dips, falling 10 percent, to $50 million, because of heavily discounted products necessary to maintain market share. “In the marine…more

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