Garmin Reports Fourth Quarter Year-Over-Year Growth in Revenues and Margins and Record EPS

We generated $232 million of free cash flow in the fourth quarter of 2009 and over $1 billion for the full year, resulting in a cash and marketable securities balance of just under $1.9 billion at the end of the quarter.”

Share Repurchase Program

On February 12, our board of directors authorized the Company to repurchase up to $300M of the company’s shares as market and business conditions warrant through December 31, 2011. The previous $300M share repurchase plan expired on December 31, 2009. The repurchases may be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. The Company continues to view the stock repurchase as an appropriate use of cash given the long-term growth prospects of the Company, ongoing free cash flow generation and the need to maintain adequate cash reserves for strategic acquisitions.

2010 Guidance

Garmin Ltd. And Subsidiaries
2010 Guidance

         
2009         2010 Range
 
Revenue $2.9 B $2.9 - $3.1 B
Gross Margin 49% 46-48%
Operating Income $786 M $675 - $725 M
Operating Margin 27% 23-24%
Earnings per Share (Pro Forma) $3.53 $2.75 - $3.15
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Trimble

Harris

Featured Video
Jobs
ECAD Designer - Data Connectivity for Delphi at Auburn Hills, MI
Estimator / Bidder for Rulon International at Saint Augustine, FL
Mechanical Engineer II - Requisition ID 090445 for L3 Technologies at New York, NY
Upcoming Events
Expedition Hackathon at 5540 N. Lamar Blvd Austin TX - Jul 29 - 30, 2017
2017 National Geospatial Preparedness Summit at University of Alabama Tuscaloosa - Aug 7 - 9, 2017
Canon
InterDrone2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy