Financial Results

Garmin's operating income drops in Q4, targets $5 billion for FY23

By 24 February 2023

Garmin

Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...

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