Message Font: Serif | Sans-Serif
No. of Recommendations: 10

Garmin Reports Second Quarter 2012 Results with Revenue and EPS Growth; Raises Full Year EPS Guidance

Second Quarter 2012 Financial Summary:
Total revenue of $718 million, up 7% from $674 million in second quarter 2011
Automotive/Mobile segment revenue increased 8% to $392 million
Outdoor segment revenue increased 24% to $100 million
Fitness segment revenue increased 5% to $82 million
Aviation segment revenue increased 4% to $76 million
Marine segment revenue decreased 14% to $68 million
Americas and EMEA (Europe, Middle East and Africa) posted revenue growth in the second quarter:
Americas revenue was $392 million compared to $358 million, up 9%
EMEA revenue was $269 million compared to $253 million, up 6%
APAC (Asia Pacific) revenue was $57 million compared to $63 million, down 9%
Gross margin improved both sequentially and year-over-year to 59% for second quarter 2012 from 51% in first quarter 2012 and 48% in second quarter 2011
Operating margin increased year-over-year to 28%, compared to 20% in second quarter 2011
Diluted earnings per share (EPS) increased 70% to $0.95 from $0.56 in second quarter 2011; pro forma diluted EPS increased 56% to $0.98 from $0.63 in the same quarter in 2011 (Pro forma earnings per share excludes the impact of foreign currency transaction gain or loss)
Generated $211 million of free cash flow in second quarter 2012...

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.