GRMN Q1 2024 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q1 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.4B+20.4% YoY

Gross Profit

$802M58.1% margin

Operating Income

$298M21.6% margin

Net Income

$276M20.0% margin

EPS (Diluted)

$1.43

QoQ Revenue Growth

-6.8%

Cash Flow

Operating Cash Flow

$435M

Free Cash Flow

$402M

Stock-Based Comp.

$31M

Balance Sheet

Total Assets

$8.6B

Total Liabilities

$1.4B

Stockholders' Equity

$7.2B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.1B	+20.4%
Gross Profit	$802M	$653M	+22.9%
Operating Income	$298M	$197M	+51.5%
Net Income	$276M	$202M	+36.4%

Revenue Segments

Outdoor

$366M27%

Fitness

$343M25%

Marine Segment

$327M24%

Aviation

$217M16%

Automotive Mobile

$129M9%

Geographic Segments

Americas

$716M52%

EMEA

$463M34%

Asia Pacific

$202M15%