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Author: hsmith1415 Big red star, 1000 posts Old School Fool Global Fool Most Active, Foolanthropy 2013 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2804  
Subject: GRMN Q2 Date: 8/1/2012 8:42 AM
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http://finance.yahoo.com/news/garmin-reports-second-quarter-......

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...

Howard
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