Garmin Reports First Quarter 2011 Results with Strong Revenue Performance in all Segments

Note: Beginning in 2011, for external reporting purposes, the Company has identified five operating segments – Auto/Mobile, Aviation, Marine, Outdoor and Fitness. Each operating segment is individually reviewed and evaluated by our Chief Operating Decision Maker, who allocates resources and assesses performance of each segment individually. Prior to 2011, the Outdoor and Fitness operating segments were combined into a single reportable segment due to the similar nature of those products, their production processes, the types of customers served, their distribution processes, and similar economic conditions. Management re-evaluated the combination of these operating segments and determined that based on the growth of these segments they should now be reported as two distinct reportable segments.



Contact:

Garmin Ltd.
Investor Contact:
Kerri Thurston, 913-397-8200
Email Contact
or
Media Contact:
Ted Gartner, 913-397-8200
Email Contact



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