Garmin announces second quarter 2022 results
Schaffhausen, Switzerland / July 27, 2022/ Business Wire – Garmin® Ltd. (NYSE: GRMN), today announced
results for the second quarter ended June 25, 2022.
Highlights for second quarter 2022 include:
Consolidated revenue of $1.24 billion, a 6% decrease compared to the strong, pandemic-driven prior
year quarter
The year-over-year strengthening of the U.S. Dollar relative to other major currencies unfavorably
impacted consolidated revenue by approximately $57 million
Gross and operating margins were 58.7% and 23.6%, respectively
Operating income of $293 million, a 21% decrease compared to the prior year quarter
GAAP EPS was $1.33 and pro forma EPS(1) was $1.44
Celebrated a milestone of more than 25,000 integrated flight deck deliveries
Launched the Forerunner 955 Solar and Edge 1040 Solar, our first fitness devices with integrated solar
charging capability
Entered a new product category with the launch of our dēzl headset for professional truck drivers
Garmin auto OEM
Schaffhausen, Switzerland / July 27, 2022/ Business Wire – Garmin® Ltd. (NYSE: GRMN), today announced
results for the second quarter ended June 25, 2022.
Highlights for second quarter 2022 include:
Consolidated revenue of $1.24 billion, a 6% decrease compared to the strong, pandemic-driven prior
year quarter
The year-over-year strengthening of the U.S. Dollar relative to other major currencies unfavorably
impacted consolidated revenue by approximately $57 million
Gross and operating margins were 58.7% and 23.6%, respectively
Operating income of $293 million, a 21% decrease compared to the prior year quarter
GAAP EPS was $1.33 and pro forma EPS(1) was $1.44
Celebrated a milestone of more than 25,000 integrated flight deck deliveries
Launched the Forerunner 955 Solar and Edge 1040 Solar, our first fitness devices with integrated solar
charging capability
Entered a new product category with the launch of our dēzl headset for professional truck drivers
Garmin auto OEM
__________________
Dein Geld ist nicht weg, es hat nur jemand anders.
Werbelink: mein Broker -->Interactive Brokers <-- Werbelink: mein Broker
Die Charts in meinen Beiträgen stammen von Seeking Alpha
Werbelink: mein Broker -->Interactive Brokers <-- Werbelink: mein Broker
Die Charts in meinen Beiträgen stammen von Seeking Alpha