Garmin Ltd Q3 FY2022 Earnings Call

Garmin Ltd (GRMN)

Earnings Call FY2022 Q3 Call date: 2022-10-26 Concluded

Quarter scorecard

Revenue

$1.14B

-4.3% YoY

Diluted EPS

$1.09

-18.7% YoY

Gross margin

58.8%

+0.4 pp YoY

Net income

$210.85M

-18.6% YoY

Outdoor Segment $406.83M

+25.6%

Fitness Segment $279.88M

-18.2%

Marine Segment $196.51M

-5.3%

Aviation Segment $188.04M

+4.4%

Auto OEM Segment $69.18M