Garmin Ltd.
Garmin Ltd. Reports Strong Q4 and Fiscal Year 2023 Results, Announces Dividend Increase and Share Repurchase Program
Summary
Garmin Ltd. reported a 13% increase in consolidated revenue for Q4 2023, reaching $1.48 billion, and an 8% increase for the fiscal year 2023, with consolidated revenue of $5.23 billion. The company announced a dividend increase to $3.00 per share, payable in four installments, and authorized a new share repurchase program of up to $300 million through December 26, 2026. The financial results and strategic initiatives are detailed in the press release attached as Exhibit 99.1.
Profitelligence Alerts
Get alerts for GRMN
Be first to know when Garmin Ltd. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Garmin Ltd.
Garmin Ltd. is a global leader in the design and manufacture of navigation, communication, and information devices. Primarily recognized for its GPS technology, Garmin’s offerings span various sectors, including aviation, marine, automotive, fitness, and outdoor recreation. The company's products cater to diverse customers by providing innovative solutions like satellite navigation systems for cars, wearable fitness trackers for health enthusiasts, fish finders for marine applications, and avionics for aircraft. Founded in 1989 and headquartered in Switzerland, Garmin's commitment to highly precise and user-friendly products has cemented its role in enhancing personal navigation and fitness monitoring. Its influence extends across sectors by not only improving safety and efficiency but also by promoting active lifestyles globally. Garmin's strategic integration of advanced technology with practical applications makes it a pivotal player in both consumer electronics and professional device markets.
Official SEC Documents
Advertisement