Garmin Reports Solid Fiscal 2016 Revenue and Operating Income Growth

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Δημοσίευση από Santosan Τετ 22 Φεβ 2017 - 19:36

Σήμερα η Garmin ανακοίνωσε τα αποτελέσματα για το τέταρτο τρίμηνο του οικονομικού έτους 2016.

Highlights for the fourth quarter 2016 include:

Total revenue of $861 million, growing 10% over the prior year, with outdoor, fitness, marine and aviation collectively growing 25% over the prior year quarter and contributing 74% of total revenue
Gross margin improved to 54.7% compared to 52.9% in the prior year quarter
Operating margin of 18.6% compared to 18.7% in the prior year quarter
Operating income growth of 10%
GAAP EPS was $0.72 and pro forma EPS⁽¹⁾ of $0.73 for fourth quarter 2016
Introduced the fēnix® 5 with three watch designs that are expected to appeal to a broader range of wrist sizes and style preferences

Highlights for the fiscal year 2016 include:

Total revenue of $3,019 million growing 7% over the prior year, with outdoor, fitness, marine and aviation collectively growing 21% over the prior year and contributing 71% of total revenue
Gross and operating margins of 55.6% and 20.7%, respectively, both improving from 2015 levels
GAAP EPS was $2.70, a 13% improvement over the prior year, and pro forma EPS⁽¹⁾ was $2.83, a 14% improvement over the prior year
Shipped approximately 16.8 million units, up 4% from the prior year and over 173 million since inception
Connect IQ app store establishes itself with over 2,500 apps and over 24 million downloads since inception

Όλη η αναφορά:

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Santosan: Administrator; Ηλικία : 54
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