GRMN Q1 2022 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q1 2022 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.2B+9.4% YoY

Gross Profit

$662M56.5% margin

Operating Income

$229M19.5% margin

Net Income

$212M18.0% margin

EPS (Diluted)

$1.09

QoQ Revenue Growth

-15.7%

Cash Flow

Operating Cash Flow

$186M

Free Cash Flow

$125M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$7.7B

Total Liabilities

$1.5B

Stockholders' Equity

$6.2B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+9.4%
Gross Profit	$662M	$642M	+3.3%
Operating Income	$229M	$250M	-8.5%
Net Income	$212M	$220M	-3.8%

Revenue Segments

Outdoor

$385M33%

Marine Segment

$254M22%

Fitness

$221M19%

Aviation

$175M15%

Automotive Mobile

$138M12%

Geographic Segments

Americas

$571M49%

EMEA

$397M34%

Asia Pacific

$205M17%