Garmin Reports Record First Quarter On Strong Sales | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.21.25

Airborne-Unlimited-07.22.25

AirborneUnlimited-07.23.25

Airborne-Unlimited-07.24.25

AirborneUnlimited-07.25.25

Wed, Apr 30, 2008

Garmin Reports Record First Quarter On Strong Sales

Company Gains Share In Aviation, Other Segments

It's good to be Garmin right now. Fresh from its successful introduction of its new Synthetic Vision Technology in early April at Lakeland, on Wednesday the Olathe, KS-based avionics and personal navigation device manufacturer reported a record first quarter for 2008.

The company reported total revenue of $664 million, a 35-percent increase over Q1 2007.

While Garmin noted a healthy 19 percent increase to aviation segment revenue -- fueled by continued popularity of its G1000 glass panel avionics suite, and its line of its portable-and-panel-mounted GPS units -- the av sector actually saw the slowest growth rate among Garmin's offerings. Mobile and automotive segment revenue gained 43 percent, with marine segment revenue increasing 30 percent.

"We are pleased with our performance in the first quarter, particularly given the general slowdown in the global economy," said Dr. Min Kao, Chairman and Chief Executive Officer. "Demand for our automotive/mobile products continued beyond the traditionally strong fourth quarter holiday season, with another quarter of robust triple-digit growth. While the first quarter is typically our slowest quarter, we were nonetheless able to achieve healthy growth in each of our business segments and each geographic area."

Full details of Garmin's Q1 results are available at the FMI link below.

FMI: www.garmin.com

Advertisement

More News

ANN Thanks Our Speedy Sponsor... Blackshape!!!

Check out Blackshape in Oshkosh Display #190 Situated in the Apulian Aerospace district in Monopoli, Italy, Blackshape embodies the epitome of Italian craftsmanship, style, and qua>[...]

Alpha Systems AOA Guides ANN Oshkosh Coverage

A Powerhouse In Aviation Safety Technology, Visit Alpha Systems AOA at Osh Display#3124-3125 Alpha systems AOA has been developing and integrating Angle of Attack systems for the l>[...]

NTSB Final Report: Boeing CH-46E

Pilot Noticed That The No. 2 Engine Torque Indicator Was “Maxed Out” And The No. 1 Torque Indicator Was About 60% Analysis: The pilot in command (PIC) reported that the>[...]

ANN's Daily Aero-Term (07.24.25): Decision Altitude (DA)

Decision Altitude (DA) A specified altitude (mean sea level (MSL)) on an instrument approach procedure (ILS, GLS, vertically guided RNAV) at which the pilot must decide whether to >[...]

ANN's Daily Aero-Linx (07.24.25)

Aero Linx: HeliOffshore HeliOffshore is the global, safety-focused association for the offshore helicopter industry. Our mission is to lead a collective safety conversation, identi>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC