Garmin Posts Solid Q4 Growth in All Active Lifestyle Segments; EPS Up 27 Percent

February 21, 2024

Garmin, Ltd. reported that consolidated revenue for the fourth quarter was $1.48 billion, a 13 percent increase compared to the prior-year quarter, with growth across all segments except Aviation.

Operating income was $340 million, a 27 percent increase compared to the prior-year quarter. Operating margin was 23.0 percent compared to 20.5 percent in the prior-year quarter. SGB