Quarterly & Annual Earnings

Garmin Reports Third Quarter Results with Revenue, Operating Margin, EPS Growth; Raises Full Year EPS Guidance

Garmin Ltd. reported revenue and earnings per share (EPS) for the third quarter, which ended Sept. 29, 2012.

The total revenue of $672 million is up 1 percent from $667 million in the third quarter of 2011:

• Automotive/mobile segment revenue was flat at $384 million
• Outdoor segment revenue increased 11 percent to $105 million
• Fitness segment revenue decreased 6 percent to $65 million
• Aviation segment revenue increased 3 percent to $73 million
• Marine segment revenue decreased 7 percent to $45 million

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