Garmin Ltd Q3 FY2024 Earnings Call

Garmin Ltd (GRMN)

Earnings Call FY2024 Q3 Call date: 2024-10-30 Concluded

Quarter scorecard

Revenue

$1.59B

+24.1% YoY

Diluted EPS

$2.07

+54.5% YoY

Gross margin

60.0%

+3.0 pp YoY

Net income

$399.11M

+55.1% YoY

Outdoor Segment $526.55M

+21.3%

Fitness Segment $463.89M

+31.4%

Marine Segment $222.24M

+21.9%

Aviation Segment $204.63M

+3.3%

Auto OEM Segment $168.71M

+53.2%

Dividend / share

$0.75

ex Dec 13