Welcome to our dedicated page for Garmin news (Ticker: $GRMN), a resource for investors and traders seeking the latest updates and insights on Garmin stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Garmin's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Garmin's position in the market.
Garmin announced the call for entries for the 2024 Garmin Health Awards, recognizing innovative solutions that integrate Garmin wearable technology into health and wellness programs. The awards include two categories, judged by industry experts and Summit attendees, with winners receiving Garmin wearables worth up to $10,000. Submissions are accepted until May 31, 2024, with finalists presenting at the Garmin Health Summit in June.
Garmin has been recognized as the Best Supplier by Embraer for the ninth consecutive year, showcasing their excellence in the Electrical & Electronic Systems category. This award highlights Garmin's commitment to quality, customer support, and on-time delivery. The collaboration between Embraer and Garmin has been strong, leading to this prestigious recognition.
Garmin announced record first-quarter results for 2024, with consolidated revenue reaching $1.38 billion, a 20% increase from the previous year. The company reported strong growth in all segments, with gross margin and operating margins expanding significantly. Operating income grew by 51%, reaching $298 million. Garmin achieved GAAP EPS of $1.43 and pro forma EPS of $1.42, showcasing a 39% growth in pro forma EPS year-over-year. The company was named the 2024 Supplier of the Year by Independent Boat Builders, Inc. Garmin also highlighted the importance of its Garmin inReach devices in remote communications and emergency response coordination.
