Garmin Q3 2023 revenue $1.28B (+12%), operating income $270M (+13%)

GARMIN LTD

2023-Q3 EPS reported $3.90 revenue$3,745,751,000

Consolidated revenue $1.28B, up 12% YoY; operating income $270M, up 13%.
GAAP diluted EPS $1.34; pro forma diluted EPS $1.41, up 14% YoY.
Fitness revenue $353M (+26%), Auto OEM $110M (+59%); Marine declined 7%.
Record Q3 revenue in Fitness, Outdoor, Aviation, and Auto OEM segments.
Completed acquisition of JL Audio; generated $312M free cash flow.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GARMIN LTD reported the fiscal third quarter ended September 30, 2023 results: revenue $1,277,531, EPS GAAP diluted EPS $ 1.34.

Period: the fiscal third quarter ended September 30, 2023
Revenue: $1,277,531
EPS: GAAP diluted EPS $ 1.34
Result: reported results

Exact text from the filing

except per share information) 13-Weeks Ended 39-Weeks Ended September 30, September 24, YoY September 30, September 24, YoY 2023 2022 Change 2023 2022 Change Net sales $ 1,277,531 $ 1,140,434 12% $ 3,745,751 $ 3,553,931 5% Fitness 352,976 279,875 26% 932,561 772,867 21% Outdoor 433,997 406,832 7% 1,210,773 1,318,810 (8)% Aviation 198,160 188,043 5% 629,195

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Source: SEC EDGAR

accession 0000950170-23-057112

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