Garmin Ltd.
News and overview for Garmin Ltd.
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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 |