Record Third Quarter Revenue
Consolidated revenue increased 12% to nearly $1.8 billion, marking a new third quarter record. Strong double-digit revenue growth was reported in three business segments.
Fitness Segment Growth
Revenue in the Fitness segment increased 30% to $601 million, driven by strong demand for advanced wearables.
Marine Segment Performance
Marine segment revenue increased 20% to $267 million, with growth across multiple categories and being recognized as Manufacturer of the Year for the 11th consecutive year.
Aviation Segment Growth
Aviation segment revenue increased 18% to $240 million, with both OEM and aftermarket product categories contributing to growth.
Raised Annual EPS Guidance
Garmin raised its full-year EPS guidance to $8.15 from $8.00.