Garmin Ltd.
Garmin Announces Record Full-Year Revenue and Proposes Dividend Increase
Summary
Garmin Ltd. reported record full-year revenue of $6.30 billion for 2024, a 20% increase compared to 2023. The company also announced a 20% increase in its dividend, recommending a cash dividend of $3.60 per share for 2025, payable in four equal installments. Detailed financial results and forward-looking guidance were provided in the press release and exhibits.
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Exhibits (1)
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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.
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