Gary Burrell and Min Kao believed GPS was going to change the face of navigation when they founded Garmin in 1989. They were right.
Even through a period of slowing revenues, we have remained a highly profitable company with an enviable balance sheet enabling long-term investment. We have been able to deliver strong returns to our shareholders through our growing dividend as well as stock performance.
Receive the Annual Report, Proxy Statement and related materials electronically. Enroll Now.
2011 was a profitable year with $2.76 billion in revenue. Our gross margin finished at 49 percent and our operating margin closed at 20 percent — very strong numbers for a consumer electronics company.