secwatch.observer — SEC 8-K summary
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Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057112
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017023057112/0000950170-23-057112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017023057112/grmn-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057112

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