secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000950170-22-006272
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garmin Q1 revenue $1.17B record (+9% YoY); EPS $1.09 down 4%; authorizes $300M buyback
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- GAAP diluted EPS of $1.09 vs $1.14 last year, down 4%; pro forma EPS $1.11 vs $1.18.
- Operating income $229M, down 8% YoY; gross margin 56.5% vs 59.8%.
- Outdoor segment revenue $384.6M (+50% YoY); Fitness $220.9M (-28% YoY).
- Board authorized $300M share repurchase through Dec 29, 2023.
- Marine revenue $254.1M (+21% YoY); Auto $138.3M (+11%); Aviation $174.8M (+1%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022006272/0000950170-22-006272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022006272/grmn-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-006272

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer