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Garmin Investor News

Garmin announced its first quarter earnings on Wednesday, April 27, 2022.

Garmin Announces Move to New York Stock Exchange

Garmin Reports Sixth Consecutive Year of Revenue Growth

Garmin announced strong 2021 full-year results on Feb. 16, with record consolidated revenue of $4.98 billion, a 19% increase over the prior year.

“2021 was another remarkable year as demand for our products led to strong double-digit annual revenue growth in each of our five segments,” said Garmin President and CEO Cliff Pemble. “We are entering 2022 with a great lineup of recently introduced products and have more exciting product introductions planned throughout the year. I am very proud of what we have accomplished in 2021 and look forward to the opportunities and challenges of the new year.”

Garmin reported record operating income of $1.22 billion, up 16% over 2020. GAAP EPS was $5.61 and pro forma EPS(1) was $5.82, representing 13% growth over the prior year pro forma EPS. For detailed information about the full-year and fourth quarter 2021 results, you may read the full press release here.