Electronics manufacturer Garmin has reported a record first-quarter revenue and operating income, with consolidated revenues of $1.38bn in the first quarter of 2024. This represents a 20 per cent increase year-on-year, including a 17 per cent gain in marine sales. The Kansas, US-based firm has achieved record Q1 revenue in four segments, according to results released […]
Garmin has completed the acquisition of JL Audio, a privately-held US company that designs and manufactures audio solutions, including speakers, amplifiers, subwoofers and other audio components for marine, aftermarket automotive, powersports, home and RV customers. The news of the acquisition was announced in August 2023, shortly after Garmin posted its second-quarter results, showing a return to […]