GRMN Q3 2020 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$45B

Q3 2020 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.1B+18.7% YoY

Gross Profit

$668M60.2% margin

Operating Income

$317M28.6% margin

Net Income

$313M28.3% margin

EPS (Diluted)

$1.63

QoQ Revenue Growth

+27.5%

Cash Flow

Operating Cash Flow

$274M

Free Cash Flow

$235M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$1.4B

Stockholders' Equity

$5.1B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$934M	+18.7%
Gross Profit	$668M	$567M	+17.7%
Operating Income	$317M	$261M	+21.3%
Net Income	$313M	$228M	+37.5%

Revenue Segments

Outdoor

$335M30%

Fitness

$328M30%

Marine Segment

$165M15%

Aviation

$151M14%

Automotive Mobile

$129M12%

Geographic Segments

Americas

$522M47%

EMEA

$408M37%

Asia Pacific

$179M16%