secwatch.observer — SEC 8-K summary
======================================

Issuer:     GARMIN LTD (GRMN)
CIK:        0001121788
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-050880
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garmin Q1 2024 revenue $1.38B (+20% YoY), EPS $1.43, record first-quarter revenue in four segments
--------------------------------------------------------------------------------

- Consolidated revenue of $1.38B, up 20% YoY; record first-quarter revenue in four segments.
- Gross margin expanded to 58.1% (vs 56.9%); operating income $298M, up 51%.
- GAAP diluted EPS $1.43 (up 36%); pro forma diluted EPS $1.42 (up 39%).
- Segment revenue: Fitness +40%, Auto OEM +58%, Marine +17%, Outdoor +11%, Aviation +2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1121788/000095017024050880/0000950170-24-050880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1121788/000095017024050880/grmn-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050880

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