Garmin Ltd.: Engagement in Strategic Acquisitions and Investments In the Business! 

Garmin Limited reported strong results for its first quarter of 2024, with the conclusion of year 2023 creating a positive upward momentum during this quarter. The consolidated revenue increased by 20% to $1.38bn, marking a new first quarter record. Notably, four segments witnessed double-digit growth with gross and operating margins expanding year-over-year to 58.1% and 21.6% respectively. This led to an operating income of $298mn, up 51% year-over-year and pro forma EPS of $1.42, up 39% over the previous year.