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