Garmin reports record FY revenue $5.23B (+8% YoY); Q4 EPS $2.82

GARMIN LTD

2023-FY EPS reported $6.71 revenue$5,228,252,000

Q4 revenue $1.48B (+13% YoY); GAAP EPS $2.82, pro forma EPS $1.72 (+27%).
FY 2023 record revenue $5.23B (+8%); GAAP EPS $6.71, pro forma EPS $5.59 (+9%).
Q4 operating income $340M (+27%); gross margin 58.3% vs 57.0% prior year.
Auto OEM Q4 revenue +54%, Fitness +22%; Aviation, Marine, Auto OEM each posted FY record revenue.
Company proposes dividend increase and announces share repurchase program (amounts undisclosed).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GARMIN LTD reported financial results for the fiscal fourth quarter and fiscal year ended December 30, 2023.

Period: the fiscal fourth quarter and fiscal year ended December 30, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, Garmin Ltd. (“the Company”) issued a press release announcing its financial results for the fiscal fourth quarter and fiscal year ended December 30, 2023.

View on SEC.gov

Browse all earnings releases →

GARMIN LTD filing history →

Source: SEC EDGAR

accession 0000950170-24-017560

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.