secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0000950170-22-001304
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garmin reports record FY2021 revenue $4.98B, Q4 EPS $1.48; proposes dividend increase
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- Q4 consolidated revenue $1.39B (+3% YoY); GAAP EPS $1.48 (down 14% YoY); pro forma EPS $1.55.
- FY2021 record revenue $4.98B (+19% YoY); record operating income $1.22B (+16%); GAAP EPS $5.61 (+9%).
- Q4 operating income $315M, down 15% YoY; gross margin 55.5% vs 58.5% prior year.
- Segment: Auto +21%, Marine +14%, Aviation +13%, Fitness flat, Outdoor -8%.
- Board proposes dividend increase; also acquired Vesper Marine (marine communication equipment).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022001304/0000950170-22-001304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022001304/grmn-20220216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-001304

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