Garmin Ltd. operates in the Search and navigation equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Garmin Ltd. with three other
miscellaneous transportation equipment manufacturers in North America:
Polaris Industries Inc.
sales of $4.52 billion
of which 74%
FLIR Systems, Inc.
of which 32%
was Surveillance), and
Heroux Devtek Inc
based in Canada
(406.81 million Canadian Dollars [US$324.41 million]
of which 100%
was Aerospace segment.).
Garmin Ltd. reported sales of $3.02 billion
December of 2016.
increase of 7.0%
versus 2015, when the company's sales were $2.82 billion.
The sales level in 2016 was fairly close to the level five years ago: in 2011, Garmin Ltd. had sales
of $2.76 billion.
Sales of Outdoor saw an increase
that was more than double the company's growth rate: sales were up
28.5% in 2016, from
$425.15 million to $546.33 million.
Garmin Ltd. also saw significant increases in sales in
Fitness (up 23.7% to $818.49 million)
Aviation (up 10.2% to $439.35 million)
Marine (up 15.8% to $331.95 million)
Not all segments of Garmin Ltd. experienced an increase in sales in 2016:
sales of Auto/mobile fell 15.8% to $882.56 million.