Garmin Reports Solid Fiscal 2017 Revenue and Operating Income Growth; Proposes Dividend Increase

            2018 Guidance(1)         Segment     Revenue Targets
Revenue ~$3.2 B Auto (1)     -17 %
Gross Margin ~58.5% Fitness 0 %
Operating Margin ~21% Aviation 13 %
Tax Rate (Pro Forma) (2) ~19% Outdoor 13 %
EPS (Pro Forma) (2) ~$3.05 Marine 18 %
       

(1)

 

Consolidated and Auto segment guidance assumes the adoption of the new revenue recognition standard in 2018 and restatement of 2017 amounts.

(2)

See attached table for reconciliation of non-GAAP measures including forward-looking pro forma tax rate and EPS

 

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