Garmin's Fitness, Outdoor, and Marine products are expected to be the main factors for growth in the next few quarters.
Garmin (GRMN 2.13%) announced its earnings for the fourth quarter and the entire year of 2024 on February 19, 2025, showing impressive results in all areas of its business. The company, known for its navigation and wearable technology, achieved record revenue and significant growth in profit margins.
The new Force Pro combines impressive power with excellent anchor lock performance and advanced reverse thrust control, helping anglers make the most of their time on the water. Garmin, a leading name in marine electronics, has introduced this brushless trolling motor, which features powerful capabilities and highly accurate GPS positioning technology.
In recent weeks, market fluctuations have increased, causing significant drops in many popular stocks. Even well-known companies like Palantir, Applovin, Amazon, and Alphabet have experienced notable selling activity.
Garmin has published its 2024 inReach® SOS Report, which provides important insights into global SOS trends. The report focuses on incidents reported to Garmin Response℠ over the last year. This information was shared on February 27, 2025, from Olathe, Kansas.
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Assess Garmin's (GRMN) dependence on international sales to gain insights into its financial health, growth potential, and possible stock price trends. This analysis will help in understanding how much the company relies on global markets for its revenue.
Garmin (GRMN -0.96%) has experienced significant success in recent years. Initially known just for navigation devices, the company has now gained a dedicated customer base among fitness fans, athletes, outdoor lovers, and professionals in aviation and marine industries.
Garmin's Q4 results and 2025 forecasts, which were released on the NYSE under the ticker GRMN, pushed its stock prices to new highs due to strong performance in consumer products. The fitness and outdoor divisions experienced significant growth, largely fueled by the increasing demand for wearable technology.
Garmin announced a record revenue of $1.82 billion, with a 40% increase in earnings per share and a 20% rise in dividends, thanks to successful product variety and innovation. However, challenges such as competition in the fitness sector, ongoing losses in the auto OEM market, and weak demand in marine products, along with geopolitical issues in Taiwan, could impact future performance. Since November 2023, the stock has risen by 108.56%, but it is now trading at higher levels than usual, which may make it less appealing to investors.