Garmin reports first quarter 2017 revenue and earnings growth

Garmin Ltd. (Nasdaq: GRMN – News) announced results for the first quarter ended April 1, 2017. Highlights for the first quarter 2017 include: Total revenue of $ 639 million, growing 2 percent over the prior year, with marine, outdoor, aviation and fitness collectively growing 12 percent over the prior year quarter and contributing 75 percent of …
Boating Industry

ITC releases public opinion on Garmin appeal

The U.S International Trade Commission (ITC) released its public opinion this week to the Federal Appeals Court on an appeal filed by Garmin in its dispute with Navico. In December 2015, Navico said the ITC ruled that Garmin DownVu scanning sonar products violate Navico’s patents for DownScan Imaging Technology. Garmin released a service bulletin in …
Boating Industry

Garmin plans $200 million campus expansion

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced Friday that it was breaking ground on a $ 200 million dollar facility expansion at its Olathe, Kansas campus. The campus expansion is designed to position the technology company for the future. “This is a significant investment in our associates and our company’s future,” said Cliff …
Boating Industry

Navico CEO Leif Ottosson on Garmin ruling

The International Trade Commission recently ruled that Garmin’s DownVu products violated Navico patents on its DownScan technology. Boating Industry talked to Navico CEO Leif Ottosson about the decision and what it means going forward for the category and the company. (See the full ruling here.) Boating Industry: What is the impact of this ruling for […]
Boating Industry