Garmin reports record Q4, 2020 FY on robust marine segment sales

> Subscriber-only, By Craig Ritchie2021-02-17T16:08:00

Marine sector up 48% for the quarter, 29% for full fiscal year

Switzerland-based electronics manufacturer Garmin Ltd released its 2020 fourth-quarter and full-year financial results on Wednesday, marking record revenues on the strength of “robust growth” led by its marine, fitness and outdoor segments.

On a call with analysts, Garmin president and CEO Cliff Pemple praised…

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