Garmin Stock Price, News & Analysis

Garmin announced the launch of the LiveScope Ice Fishing Bundle LI, a state-of-the-art chartplotter and transducer package featuring advanced Panoptix LiveScope sonar technology. This bundle includes a lightweight lithium battery, offering a significant advantage with up to 65% more battery life compared to traditional lead-acid batteries. The bundle is designed for real-time fish tracking with two sonar modes and comes equipped with a large ECHOMAP UHD 93sv touchscreen, preloaded with detailed lake maps. Retailing at $2,999.99, the product will be available in September 2021.

Garmin Ltd. (Nasdaq: GRMN) announces its second quarter 2021 earnings conference call scheduled for July 28, 2021, at 10:30 a.m. ET. Executives will discuss earnings details, which will be released prior to market open on the same day. Interested parties can join the call via a dedicated website link or by phone. The event aims to provide insights into Garmin's financial performance for the quarter.

Archive access for the call will be available until July 27, 2022. For additional information, visit Garmin's investor relations site.

Garmin International announced TXi engine indication system (EIS) support for select twin turboprop aircraft, enhancing cockpit modernization. Key features include engine timers, exceedance recordings, and wireless data logging, leading to improved efficiency and reduced maintenance costs. The TXi EIS will be available for Cessna 425, King Air 90 series, and select Piper Cheyenne variants. Enhancements also cover dynamic markings and electronic ignition support, set to be released in July via Garmin dealers, backed by a two-year warranty.

Garmin announced that pro angler Hank Cherry Jr. won the Academy Sports + Outdoors Bassmaster Classic, marking his second consecutive victory. Cherry achieved a weight total of 50 pounds 15 ounces, making him one of only four anglers to win back-to-back Classics in its 51-year history. He relied on Garmin's ECHOMAP Ultra chartplotters and Panoptix LiveScope sonar to secure his win. David Dunn, Garmin's senior director of marine sales, praised Cherry's achievement, celebrating Garmin's presence in the tournament with 14 anglers competing, including others who placed in the top five.

Garmin announced its new 2021 voice-controlled Dash Cam series, featuring models Mini 2, 47, 57, and 67W. These compact dash cams capture incidents and store videos in Garmin's online Vault. Key features include HD recording, Live View monitoring, and advanced alerts for parked vehicles. The series offers pricing from $129.99 to $259.99. The Dash Cams are equipped with Garmin Clarity HDR optics and voice control in multiple languages, enhancing user experience. Available now, these devices aim to bolster driver safety and peace of mind.

Garmin announced the 2021 Garmin Health Awards, recognizing innovative uses of its wearable technology in health and wellness programs. The awards feature three categories: Health Care, Insurance, and Engagement. Winners will be revealed at the Garmin Health EMEA Summit on Oct. 28-29, with each recipient awarded 50 Venu Sq smartwatches valued at approximately $10,000. The submission period runs from June 8 to July 31, 2021. Garmin emphasizes the importance of integrating physiological data with solutions, aiming to foster long-term health benefits.

Garmin Ltd. (NASDAQ:GRMN) announced at its annual shareholders’ meeting the approval for a cash dividend of $2.68 per share, payable in four quarterly installments. The first installment of $0.67 will be paid on June 30, 2021, with a record date of June 15, 2021. Subsequent dividends are scheduled for September 30, December 31, and March 31 of 2022, maintaining the same dividend amount. Shareholders are advised that the dividend is subject to adjustments if the Swiss Franc weakens significantly against the USD.

Garmin has been awarded the prestigious 2020 Robert J. Collier Trophy for its groundbreaking Autoland system, recognized as the first certified autonomous technology that can safely land an aircraft without human intervention. The system provides critical safety enhancements, especially during emergencies such as pilot incapacitation. Several aircraft have received Type Certification for Autoland, including Piper Aircraft's M600 SLS and Cirrus Aircraft's Vision Jet. The award highlights Garmin's commitment to innovation in aviation safety.