Garmin Ltd.

Name:	Garmin Ltd.
Industries:	Consumer Goods
Revenue:	$2.95B ¹
Profit:	$703.95M ¹
Employees:	8,919
Headquarters:	PO BOX 10670, GRAND CAYMAN KY1-1006 STE. 3206B, 45 MARKET ST., GARDENIA CT. CAMANA BAY KY1-1006 Cayman Islands
Website:
www.garmin.com

Lists:

#10	Worst Performers In Consumer Goods

¹ TTM figures for 26-Dec-2009

When you need some direction in your life, turn to this company. Founded in 1989 and headquartered in Grand Cayman, Cayman Islands, Garmin Ltd. (NASDAQ: GRMN), as the global leader in satellite navigation, designs, manufactures and markets navigation and communications equipment. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Its products use global positioning system (GPS) technology to wirelessly deliver geographic location data through satellite communications. Its portable products incorporate electronic maps and navigational charts. The company also makes communications devices which combine cellular and GPS technology. Products are available through retailers such as Bass Pro Shops, Best Buy and Wal-Mart. Its principal subsidiaries are located in the US, Taiwan and the UK. The company had 2008 revenue of about $3.5 billion and had about 8,920 employees.

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17 hours:

Contrary to Initial Reports on CNBC, Garmin Dividend Hike a ...

Despite reports on CNBC yesterday that GPS maker Garmin (GRMN) had doubled its annual dividend from $0.75 to $1.50 per share, a thorough reading of the company's press release shows that this increase is “one-time” in nature, meaning that Garmin has decided to add $0.75 to its dividend this ... - read more at Chad Brand

tags: Apple Diamond Offshore (DO)

3/17/10:

Windows Phone 7 Series preview, MIX10 edition

We just spent some quality time with the MIX10 build of Windows Phone 7 Series running on the same prototype hardware sourced from Garmin-Asus that we saw at MWC -- and apart from a few Murphy's Law-style demo hiccups, we loved what we saw. One thing that immediately caught our attention was the fact ... - read more at Engadget

tags: Windows

3/17/10:

Garmin wants to move its incorporation to Switzerland

Garmin Ltd.'s board wants shareholders to approve changing the company's incorporation location to Switzerland, a location that gives Garmin more of a foothold amid its burgeoning European markets. - read more at BizJournals

3/17/10:

Garmin to move incorporation to Switzerland

Navigation device maker Garmin Ltd. said Wednesday that it will shift the location of its incorporation from the Cayman Islands to Switzerland. The board approved the move and the company will ask shareholders to vote in favor of the proposed change on May... Garmin - Cayman Islands - Caribbean - Business ... - read more at San Francisco Chronicle

3/17/10:

Garmin to Move Incorporation to Switzerland

Garmin to move place of incorporation to Switzerland from Cayman Islands Cayman Islands - Garmin - Caribbean - Business and Economy - Global Positioning System - read more at ABC News

3/17/10:

Garmin Ltd. (GRMN) Doubles Dividend, Moving To Switzerland

Garmin Ltd. (Nasdaq: GRMN) announced Wednesday that it would double its annual dividend one time from 75 cents to $1.50. Garmin Ltd. will pay the dividend on April 30 to shareholders of record as of April 15. The maker of GPS-enabled products and other electronic devices also announced plans to move ... - read more at Benzinga

tags: Nasdaq

3/17/10:

Garmin Connect Returns to Kansas, Leaves SF Team Home Alone, ...

Last month, the Garmin Connect team, a 15-strong band of software engineers, product managers and the like, were asked by the firm to relocate from San Francisco to Kansas. And, since they weren't particularly chuffed by the idea of leaving the West Coast, they've created a website that is part resume, ... - read more at FastCompany - Features

3/17/10:

Benzinga's News Roundup (LSI, ALU, PFE, GRMN)

LSI Corporation (NYSE: LSI)NYSE: LSI) reported today that it expects its first-quarter results to be between a loss of $0.03 per share and earnings of $0.04 per share, with revenue of $620 million to $640 million. Analysts expect LSI to report earnings of $0.07 per share and revenue of $603 million. LSI Corporation ... - read more at Benzinga

tags: PFE LSI ALU Goldman Sachs LSI Corporation (NYSE: LSI) NYSE Ratiopharm Ratiopharm

3/17/10:

Garmin (GRMN) to Reincorporate in Switzerland; Declares Annual ...

Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Garmin+%28GRMN%29+to+Reincorporate+in+Switzerland%3B+Declares+Annual+%241.50+Dividend/5445867.html for the full story. - read more at StreetInsider.com

3/16/10:

AT&T's Lurie on taking risks and changing business models

with Glenn Lurie, president of emerging devices at AT&T Earlier this month FierceBroadbandWireless Editor in Chief Sue Marek visited AT&T Mobility's offices in Atlanta and sat down with Glenn Lurie, president of emerging devices at AT&T. Lurie expounded on his vision for embedded wireless, ... - read more at Fierce Broadband Wireless

tags: AT&T Lurie Apple Barnes & Noble Mobility CFO Rick Lindner Qualcomm Verizon TomTom Vodafone Jasper Wireless

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Nasdaq: GRMN - Thursday, Mar 18, 4:00 PM ET

36.74 -0.53 (-1.42%)

Vol:	2.05M
High:	37.46
Low:	36.20

Mkt Cap:	7.36B
52Wk High:	39.65
52Wk Low:	19.40

P/E:	10.50
Div:	1.50
Yield:	4.08

1d | 1m | 3m | 6m | 1y | 5y | 10y

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Financial Performance

Income (in thousands of USD)	3 months ending 2009-12-26	12 months ending 2009-12-26
Revenue	1,059,383	2,946,440
Net Income	278,408	703,950
Balance Sheet (in thousands of USD)
Current Assets	2,393,871	2,393,871
Total Assets	3,825,874	3,825,874
Current Liabilities	683,668	683,668
Total Liabilities	989,427	989,427
Total Shareholders Equity	2,836,447	2,836,447
Cash Flow (in thousands of USD)
Cash from Operating Activity	245,901	1,094,456
Cash from Investing Activity	10,547	-547,869
Cash from Financing Activity	-165,190	-161,243
Change in Cash	79,818	395,246

Key Stats	3 months ending 2009-12-26	Trailing 12 Months
Gross Profit Margin	45.95%	49.01%
Net Profit Margin	26.28%	23.89%
Return on Assets	7.28%	18.40%
Return on Equity	9.82%	24.82%
Return on Invested Capital	13.57%	33.22%