Garmin's Advanced Wearables Are In Demand, Surprises With Q1 Profit Growth
Garmin's Advanced Wearables Are In Demand, Surprises With Q1 Profit Growth
Garmin Ltd (NYSE:GRMN) reported fiscal first-quarter 2024 revenue growth of 20% year-on-year to $1.38 billion, beating the consensus of $1.25 billion.
Garmin Ltd（紐約證券交易所代碼：GRMN）報告稱，2024財年第一季度收入同比增長20％，達到13.8億美元，超過了市場預期的12.5億美元。
The GPS navigation and wearable technology company's proforma EPS of $1.42 beat the consensus of $1.01.
這家GPS導航和可穿戴技術公司的預計每股收益爲1.42美元，超過了市場共識的1.01美元。
Segments: Revenue from Fitness grew by 40% year over year to $342.89 million, with growth across all categories led by strong demand for advanced wearables.
細分市場：健身收入同比增長40％，達到3.4289億美元，所有類別的增長都歸因於對高級可穿戴設備的強勁需求。
Outdoor revenue improved by 11% year over year to $366.19 million, primarily due to growth in wearables. Aviation revenue grew by 2% year over year to $216.86 million, primarily due to growth in OEM product categories.
戶外收入同比增長11％，達到3.6619億美元，這主要是由於可穿戴設備的增長。航空收入同比增長2％，達到2.1686億美元，這主要是由於OEM產品類別的增長。
Marine revenue increased by 17% Y/Y to $326.74 million due to contributions from the acquisition of JL Audio. Auto OEM grew 58% Y/Y to $128.97 million, primarily due to increased shipments of domain controllers to BMW.
由於收購JL Audio的捐款，海運收入同比增長17％，達到3.2674億美元。汽車整車廠同比增長58％，達到1.2897億美元，這主要是由於向寶馬的域控制器出貨量增加。
The gross margin improved by 120 bps to 58.1%. The operating margin climbed to 21.6% from 17.2% a year ago.
毛利率提高了120個點子至58.1％。營業利潤率從去年同期的17.2％攀升至21.6％。
Garmin generated $402.14 million in free cash flow for the quarter versus $232.4 million a year ago. It held $3.3 billion in cash and equivalents as of March 30, 2024.
Garmin在本季度創造了4.0214億美元的自由現金流，而去年同期爲2.324億美元。截至2024年3月30日，它持有33億美元的現金及等價物。
Dividend: The Board intends to recommend a cash dividend of $3.00 per share, payable in four equal installments.
股息：董事會打算建議每股3.00美元的現金分紅，分四次等額分期支付。
FY24 Outlook: Garmin reiterated a revenue outlook of $5.75 billion versus the consensus of $5.73 billion.
24財年展望：Garmin重申收入前景爲57.5億美元，而市場普遍預期爲57.3億美元。
Garmin maintained a proforma EPS of $5.40 against the consensus of $5.39.
Garmin的預計每股收益維持在5.40美元，而市場普遍預期爲5.39美元。
Garmin stock gained 47% in the last 12 months. Investors can gain exposure to the stock via Global X Internet Of Things ETF (NASDAQ:SNSR) and Procure Space ETF (NASDAQ:UFO).
在過去的12個月中，Garmin的股票上漲了47％。投資者可以通過Global X物聯網ETF（納斯達克股票代碼：SNSR）和Procure Space ETF（納斯達克股票代碼：UFO）獲得股票敞口。
Price Action: GRMN shares traded higher by 8.82% at $157.21 at the last check Wednesday.
價格走勢：在週三的最後一次支票中，GRMN股價上漲8.82％，至157.21美元。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。