Garmin Ltd Q1 FY2024 Earnings Call

Garmin Ltd (GRMN)

Earnings Call FY2024 Q1 Call date: 2024-05-01 Concluded

Quarter scorecard

Revenue

$1.38B

+20.4% YoY

Diluted EPS

$1.43

+36.2% YoY

Gross margin

58.1%

+1.2 pp YoY

Net income

$275.96M

+36.4% YoY

Outdoor Segment $366.19M

+11.4%

Fitness Segment $342.89M

+40.1%

Marine Segment $326.74M

+17.1%

Aviation Segment $216.85M

+1.5%

Auto OEM Segment $128.97M

+58.3%