GRMN Q1 2020 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$45B

Q1 2020 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$856M+11.8% YoY

Gross Profit

$507M59.2% margin

Operating Income

$177M20.7% margin

Net Income

$161M18.8% margin

EPS (Diluted)

$0.84

QoQ Revenue Growth

-22.3%

Cash Flow

Operating Cash Flow

$226M

Free Cash Flow

$184M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$1.1B

Stockholders' Equity

$4.9B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$856M	$766M	+11.8%
Gross Profit	$507M	$452M	+12.2%
Operating Income	$177M	$151M	+17.2%
Net Income	$161M	$140M	+15.0%

Revenue Segments

Fitness

$224M26%

Aviation

$189M22%

Outdoor

$175M20%

Marine Segment

$163M19%

Automotive Mobile

$106M12%

Geographic Segments

Americas

$427M50%

EMEA

$300M35%

Asia Pacific

$129M15%