Garmin Ltd Q2 FY2024 Earnings Call

Garmin Ltd (GRMN)

Earnings Call FY2024 Q2 Call date: 2024-07-31 Concluded

Quarter scorecard

Revenue

$1.51B

+14.1% YoY

Diluted EPS

$1.56

+4% YoY

Gross margin

57.3%

-0.2 pp YoY

Net income

$300.63M

+4.4% YoY

Outdoor Segment $439.87M

-1.8%

Fitness Segment $428.40M

+27.9%

Marine Segment $272.95M

+26.5%

Aviation Segment $218.25M

+0.4%

Auto OEM Segment $147.19M

+40.8%

Dividend / share

$0.75

ex Sep 13