Garmin Hits Record Growth Across All Segments
Garmin (NYSE: GRMN) reported its fourth-quarter and full-year 2024 earnings on February 19, 2025, delivering exceptional results across all business segments. The navigation and wearables technology company posted record revenue and substantial margin expansion. Here are three things of note from the company's conference call with investors after reporting earnings.Garmin achieved outstanding financial performance in 2024, with every business segment reaching record revenue levels.We achieved growth in every segment, resulting in record segment revenue and record consolidated revenue. 2024 was also a year of historical significance, marking our 35th year in operation. Since we were founded in 1989, we have delivered more than 300 million navigation and communication devices, including more than 18 million delivered in 2024.Continue reading
Garmin (NYSE: GRMN) reported its fourth-quarter and full-year 2024 earnings on February 19, 2025, delivering exceptional results across all business segments. The navigation and wearables technology company posted record revenue and substantial margin expansion. Here are three things of note from the company's conference call with investors after reporting earnings.
Garmin achieved outstanding financial performance in 2024, with every business segment reaching record revenue levels.
We achieved growth in every segment, resulting in record segment revenue and record consolidated revenue. 2024 was also a year of historical significance, marking our 35th year in operation. Since we were founded in 1989, we have delivered more than 300 million navigation and communication devices, including more than 18 million delivered in 2024.
