secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K/A
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000950170-22-006333
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 record $1.17B (+9%), EPS down 4%; authorizes $300M buyback
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- Record Q1 revenue of $1.17B (+9% YoY); GAAP EPS $1.09 (-4%), pro forma EPS $1.11 (-6%).
- Outdoor segment surged 50% to $384.6M; Fitness dropped 28% to $220.9M; Marine +21%, Auto +11%.
- Gross margin 56.5% (down from 59.8%); operating margin 19.5% (down from 23.3%).
- Board authorized $300M share repurchase through Dec 29, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022006333/0000950170-22-006333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017022006333/grmn-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-006333

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