Garmin Reports Record First Quarter Revenue
Schaffhausen, May 8th, 2018 – Garmin Ltd. announced results for the first quarter ended March 31.:
Highlights for the first quarter 2018 inlcude:
Total revenue of $711 million, growing 11% over the prior year, with outdoor, fitness, aviation,
and marine collectively growing 18% over the prior year quarter and contributing 80% of total
revenue
Gross margin improved to 60.