Olathe's Garmin shows wide gains in revenue to start 2012
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In the same, marine gear grew 9 percent and outdoor gear 16 percent, for a combined $133 million. s operating allowance increased to 16 percent, topping the 15 percent rate it saw a year ago.
The earnings report notorious that Garmin had secured its first deal to supply factory-installed navigation systems with automaker Suzuki. s first quarter earnings account released Wednesday said earnings dropped 9 percent from a year ago, to $86.
Garmin also reported $116 million in uninhibited cash flow —.
Min noted that Garmin’. , the Olathe-headquartered navigation company, reported increased returns across the board in the first three months of this year, and its stock rose nearly 4 percent. Min Kao, Garmin’.
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Garmin said it sold 2.
The performers saw far stronger growth in gadgets sold to fitness enthusiasts, with revenue growing 26 percent to $71 million in the cantonment. 7 million units in the quarter, up 7 percent from a year ago, including a milestone, its 100-millionth offshoot. Garmin shares closed at $49.
Garmin also might have benefited from a “. Garmin Ltd. Revenue in that sector hit $280 million, a rise of 6 percent. grew 5 percent over a year ago to $73 million. s heart business remains in North America, where revenue reached $296 million, or an uptick of 6 percent. European net income grew most rapidly, at a clip of 16 percent, to $199 million. s a 10 percent jump from the first compassion of 2011 and beat analysts’. s stock is up nearly 40 percent in the past 12 months, and TomTom’. Take from Asia rose 8 percent to $62 million.
Source: Kansas City Star