Wed, Apr 30, 11:01 AM (12 days ago)
**Garmin Ltd. (GRMN) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $1,535,099,000 (up 11% YoY) - **Gross Profit:** $884,545,000 (up 10% YoY) - **Operating Income:** $332,824,000 (up 12% YoY) - **Net Income:** $332,769,000 (up 21% YoY) - **EPS (Diluted):** $1.72 (up 19% YoY) **Profit Margins:** - **Gross Margin:** 58% - **Operating Margin:** 22% - **Net Margin:** 22% **Cash Flow:** - **Operating Cash Flow:** $420,788,000 (down 3% YoY) - **Investing Cash Flow:** -$132,602,000 (up 259% YoY) - **Financing Cash Flow:** -$204,808,000 (up 31% YoY) **Segment Performance (Revenue in 000s):** - **Fitness:** $384,722 (up 12% YoY) - **Outdoor:** $438,496 (up 20% YoY) - **Aviation:** $223,114 (up 3% YoY) - **Marine:** $319,438 (down 2% YoY) - **Auto OEM:** $169,329 (up 31% YoY) **Trends & Uncertainties:** - Strong demand for advanced wearables and adventure watches. - Aviation and marine segments face headwinds due to timing of promotions and OEM customer production schedules. - Global economic and geopolitical conditions pose operational uncertainties. - Foreign currency fluctuations impact financial results. **Future Operations Impact:** - Continued investment in R&D and strategic acquisitions. - Share repurchase program with $209,805,000 remaining. - Dividends approved for fiscal 2024 at $3.00 per share. - Focus on maintaining liquidity and maximizing yield on investments. **Market Risks:** - Sensitivity to changes in interest rates, foreign currency exchange rates, and global economic conditions. - Potential impacts from trade regulations and restrictions. **Controls & Procedures:** - Effective disclosure controls and procedures in place. - No material changes in internal control over financial reporting. **Legal & Risk Factors:** - Various legal claims and actions in progress, but not expected to have a material adverse effect. - Risks related to changes in trade regulations and restrictions.