Garmin Ltd Q3 FY2021 Earnings Call

Garmin Ltd (GRMN)

Earnings Call FY2021 Q3 Call date: 2021-10-27 Concluded

Quarter scorecard

Revenue

$1.19B

+7.5% YoY

Diluted EPS

$1.34

-17.8% YoY

Gross margin

58.4%

-1.8 pp YoY

Net income

$259.04M

-17.4% YoY

Fitness Segment $342.32M

+4.2%

Outdoor Segment $323.86M

-3.3%

Marine Segment $207.53M

+25.4%

Aviation Segment $180.16M

+19.2%

Auto Segment $138.10M

+6.8%