Garmin Ltd.

News and overview for Garmin Ltd.

Garmin Makes Custom Maps Free and Easy, Merging Paper and Digital Maps with GPS Handhelds [Press Release]
Business Wire | 5 days 7 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced the availability of Custom Maps, a free, simple process that helps users transform the maps they currently have – in paper or digital form – into downloadable maps for compatible Garmin GPS outdoor handhelds.


Garmin Unveils Next Generation Network MFD Chartplotters with G Motion Technology for Instant, Virtually Seamless Chart Redraw [Press Release]
Business Wire | 6 days 20 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced its next generation in large-format multi-function displays – the GPSMAP® 6000 and GPSMAP 7000 series with Garmin G Motion technology that represents a graphic breakthrough in speed, smoothness and clarity, delivering ultra-smooth map panning and zooming with virtually seamless graphical updating in all dimensions. These new chartplotters also feature an unmatched low-le...


Garmin Announces the AIS 600 for Vessel Tracking and Collision Avoidance [Press Release]
Business Wire | 6 days 20 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today the AIS 600 – the company’s first transceiver that allows boaters to receive and transmit Automatic Identification System (AIS) data, giving mariners a new way to identify and avoid other large sea vessels at long range in virtually any visibility.


Garmin Reports Strong Third Quarter Results on Sequential Growth in Revenues and Operating Margin Resulting in Year-over-Year EPS Growth [Press Release]
Business Wire | 19 days 7 hours 59 minutes ago
Garmin Ltd. (Nasdaq: GRMN) today announced third quarter results for the period ended September 26, 2009.


Garmin s Touchscreen aera Series Takes Pilots from Runway to Roadway [Press Release]
Business Wire | 21 days 11 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today the aera, Garmin’s newest aviation handheld series that is touchscreen and multi-mode so that it can transition between aviation to automotive mode with one touch. The aera series includes four different models – aera 500, aera 510, aera 550 and aera 560 – and all have unprecedented ease of use that is derived from Garmin’s 20 years of expertise in the aviation and autom...


Garmin Enhances Black Box Navigator for Automotive OEMs [Press Release]
Business Wire | 21 days 6 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today the GVN 54, a next-generation version of its OEM-configurable “black-box” GPS navigation system, featuring the company’s latest advanced features and user interface refinements. The GVN 54 can be customized to include built-in GPRS/EDGE connectivity to utilize Garmin Connected services, offering OEMs a plethora of powerful services such as internet-based local search, wh...


Garmin Announces G1000 Retrofit Program for Cessna CitationJet [Press Release]
Business Wire | 34 days 23 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation, announced today that it is in the midst of a Supplemental Type Certificate (STC) program that will allow installation of Garmin’s G1000 integrated flightdeck on the Cessna CitationJet (Model 525, serial numbers 0001-0359). Once completed, the STC will pave the way for CitationJet owners to visit a Cessna Owned Citation Service Centers for installation of the Garmin G1000 avionics suite.


Garmin s G3000 Integrated Flightdeck Brings Touchscreen and Widescreens to the Cockpit [Press Release]
Business Wire | 34 days 23 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation, announced today the Garmin G3000, the first touchscreen-controlled integrated flightdeck for light turbine aircraft. The G3000 is designed specifically for Part 23 turbine aircraft, and was announced at the National Business Aviation Association Convention.


Regal Boats Will Showcase Garmin Marine Electronics in 2010 [Press Release]
Business Wire | 42 days 8 hours 59 minutes ago
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced that it has been selected by Regal Boats as the exclusive electronics provider for their 2010 product line of luxury performance runabouts, cruisers and sport yachts. This new OEM partnership is being announced in conjunction with the International Boatbuilders’ Exhibition and Conference.


Garmin Reports Surge in 3Q Profit
NewsFactor Network | 8 days 11 hours 23 minutes ago
Garmin makes devices that use Global Positioning System technology for drivers, boaters, pilots and outdoors enthusiasts. The company's shares have been pressured since Google used the Droid smartphone to unveil new mapping software that could challenge such standalone personal navigational devices, or PNDs.


Garmin reports surge in 3Q profit
Yahoo! | 19 days 1 hour ago
KANSAS CITY, Mo. – Navigational device maker Garmin Ltd. reported a 24 percent increase in third-quarter profit as lower costs offset a drop in sales.


Garmin reports 24 pct rise in 3rd-qtr profit on lower costs, but sales and shares drop
Sun (Baltimore), The | 19 days 1 hour 12 minutes ago
Navigational device maker Garmin Ltd. reported a 24 percent increase in third-quarter profit as lower costs offset a drop in sales.


Garmin nuvi(R) 1690 and nuLink!(SM) to Connect Drivers to Real Time Data Through AT&T Wireless Network [Press Release]
PRNewswire | 67 days 7 hours 56 minutes ago
...Garmin International Inc., a unit of Garmin Ltd. , and AT&T* announced today...International Inc. is a subsidiary of Garmin Ltd. , the global leader in satellite...aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands...


Garmin to release third-quarter earnings
Richmond Times-Dispatch (Va.) | 19 days 7 hours 28 minutes ago
OLATHE, Kan. (AP) -- Navigational device maker Garmin Ltd. is expected to report lower third-quarter profits and revenues from a year ago.





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Company Overview


Company: Garmin Ltd.
Industry: Satellite & Broadcast Network Equipment
Website: http://www.garmin.com

You may not know where you're headed, but Garmin can tell you where you are. The company manufactures navigation products that use global positioning system (GPS) technology to wirelessly deliver geographic location data through satellite communications. Its portable products incorporate electronic maps and navigational charts. Garmin also makes communications devices which combine cellular and GPS technology. Boat maker Ranger and airplane maker New Piper incorporate Garmin equipment into their vehicles. The company sells its consumer products through retailers including Bass Pro Shops, Best Buy, and Wal-Mart. Chairman and CEO Min Kao owns about 23% of Garmin.


Key Numbers

Sales in U.S. Dollars (mil.) 3,494.1 (2008)
One-year % Growth in Sales 9.9 (2008)
Net Income in U.S. Dollars (mil.) 732.8 (2008)
One-year % Growth in Net Income -14.3 (2008)
Number of Employees 8,919 (2008)
One-year % Growth in Number of Employees 5.8 (2008)
Fiscal Year-End December