CSIMarket
 


Garmin Ltd  (GRMN)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

GRMN's Net Income Growth by Quarter and Year

Garmin Ltd's Net Income results by quarter and year




GRMN Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 293.27 286.14 333.55
III Quarter September 257.24 210.85 259.04 313.42
II Quarter June 287.94 257.87 317.00 184.18
I Quarter March 202.33 211.59 220.03 161.18
FY   747.51 973.58 1,082.21 992.33



GRMN Net Income third quarter 2023 Y/Y Growth Comment
Garmin Ltd achieved in the third quarter 2023, above Company average Net Income growth of 22% year on year, to $ 257.24 millions.

Looking into third quarter 2023 results within Aerospace & Defense industry 3 other companies have achieved higher Net Income growth. While Garmin Ltd' s Net Income rise of 22% ranks overall at the positon no. 624 in the third quarter 2023.




GRMN Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 2.49 % -14.21 % -7.55 %
III Quarter September 22 % -18.6 % -17.35 % 37.54 %
II Quarter June 11.66 % -18.65 % 72.11 % -17.65 %
I Quarter March -4.38 % -3.84 % 36.51 % 14.99 %
FY   - -10.04 % 9.06 % 4.18 %

Financial Statements
Garmin Ltd's third quarter 2023 Net Income $ 257.24 millions GRMN's Income Statement
Garmin Ltd's third quarter 2022 Net Income $ 210.85 millions Quarterly GRMN's Income Statement
New: More GRMN's historic Net Income Growth >>


GRMN Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 39.09 % 10.46 % 6.42 %
III Quarter September -10.66 % -18.23 % -18.28 % 70.17 %
II Quarter June 42.31 % 21.87 % 44.07 % 14.27 %
I Quarter March -31.01 % -26.05 % -34.03 % -55.33 %
FY (Year on Year)   - -10.04 % 9.06 % 4.18 %




Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry #4
Capital Goods Sector #58
Overall #624

Net Income Y/Y Growth Statistics
High Average Low
169.96 % 12.38 % -45.6 %
(Apr 01 2017)   (Mar 31 2018)
Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry #4
Capital Goods Sector #58
Overall #624
Net Income Y/Y Growth Statistics
High Average Low
169.96 % 12.38 % -45.6 %
(Apr 01 2017)   (Mar 31 2018)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Garmin Ltd's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
114.03 % 7.87 % -68.23 %
(June 30. 2012)  


GRMN's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 Garmin Ltd reported drop in Net Income from the previous quarter by -10.66% to $ 257.24 millions, from $ 287.94 millions declared in the previous quarter.

But that's not important issue, as III. Quarter Net Income always gravitate to slow in this quarter Tuur Peeters, a business researcher told.

Within Aerospace & Defense industry 12 other companies have achieved higher Net Income quarter on quarter growth. While Garmin Ltd's Net Income growth quarter on quarter, overall rank is 1255.


Net Income Q/Q Growth Company Ranking
Within: No.
Aerospace & Defense Industry #13
Capital Goods Sector #101
Overall #1255
Net Income Q/Q Growth Company Ranking
Within: No.
Aerospace & Defense Industry #13
Capital Goods Sector #101
Overall #1255
Net Income Q/Q Growth Statistics
High Average Low
114.03 % 7.87 % -68.23 %
(June 30. 2012)  


GRMN's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 Garmin Ltd realized drop in Net Income sequentially by -10.66% to $ 257.24 millions, from $ 287.94 millions released a quarter before.

If you look into current shortcoming at the III. Quarter, you suppose to take into consideration, that usually III. Quarter 2023 results emerge sluggish in contrast to the second quarter, Tuur Peeters, a business researcher said.

Within Aerospace & Defense industry 12 other companies have achieved higher Net Income quarter on quarter growth. While Garmin Ltd's Net Income growth quarter on quarter, overall rank is 1255.


Garmin Ltd's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jul 01 2023)
12 Months Ending
(Apr 01 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 24 2022)
Cumulative Net Income 12 Months Ending $ 1,040.78 $ 994.39 $ 964.32 $ 973.59 $ 966.45
Y / Y Net Income Growth (TTM) 7.69 % -2 % -10.19 % -10.04 % -14.44 %
Year on Year Net Income Growth Overall Ranking # 339 # 493 # 1059 # 791 # 567
Seqeuential Net Income Change (TTM) 4.67 % 3.12 % -0.95 % 0.74 % -4.75 %
Seq. Net Income Growth (TTM) Overall Ranking # 294 # 428 # 1122 # 1042 # 790




Cumulative Net Income growth Comment
Although Garmin Ltd's Annual Net Income growth year on year were below company's average 17.16% , Net Income announced in the Sep 30 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 7.69% year on year, from -2% in Jul 01 2023.

In the Capital Goods sector 45 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 339, from total ranking in previous quarter at 493.

Net Income TTM Q/Q Growth Statistics
High Average Low
227.63 %
17.16 %
-58.91 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry # 6
Capital Goods Sector # 46
Overall # 339

Net Income TTM Y/Y Growth Statistics
High Average Low
227.63 %
17.16 %
-58.91 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 42
S&P 500 # 294
Cumulative Net Income growth Comment
Although Garmin Ltd's Annual Net Income growth year on year were below company's average 17.16% , Net Income announced in the Sep 30 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 7.69% year on year, from -2% in Jul 01 2023.

In the Capital Goods sector 45 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 339, from total ranking in previous quarter at 493.

Net Income TTM Q/Q Growth Statistics
High Average Low
227.63 %
17.16 %
-58.91 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry # 6
Capital Goods Sector # 46
Overall # 339

Net Income TTM Y/Y Growth Statistics
High Average Low
227.63 %
17.16 %
-58.91 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 42
S&P 500 # 294




Other Net Income Growth
Aerospace & Defense Industry Net Income Growth Trends and Statistics
Capital Goods Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
GRMN's Net Income Growth Ratio versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for GRMN's Competitors
Net Income Growth for Garmin Ltd's Suppliers
Net Income Growth for GRMN's Customers

You may also want to know
GRMN's Annual Growth Rates GRMN's Profitability Ratios GRMN's Asset Turnover Ratio GRMN's Dividend Growth
GRMN's Roe GRMN's Valuation Ratios GRMN's Financial Strength Ratios GRMN's Dividend Payout Ratio
GRMN's Roa GRMN's Inventory Turnover Ratio GRMN's Growth Rates GRMN's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Sep 30 2023 within Capital Goods SectorY/Y Change %Net Income for the quarter ending Sep 30 2023
Api Group Corporation38.46%$ 38.462 millions
Cricut Inc 38.42%$ 38.420 millions
Caterpillar Inc36.91%$ 36.912 millions
Alamo Group Inc 35.22%$ 35.219 millions
Thermon Group Holdings inc 34.10%$ 34.104 millions
Energy Services Of America Corporation33.93%$ 33.934 millions
Sterling Infrastructure Inc 33.10%$ 33.100 millions
Curtiss wright Corporation31.19%$ 31.192 millions
Sci Engineered Materials inc 30.74%$ 30.739 millions
Flowserve Corp29.43%$ 29.428 millions
Preformed Line Products Company27.39%$ 27.387 millions
Applied Industrial Technologies Inc 22.04%$ 22.042 millions
Garmin Ltd22.00%$ 22.004 millions
Lincoln Electric Holdings Inc18.42%$ 18.419 millions
Agco Corp17.91%$ 17.907 millions
Simpson Manufacturing Co inc 17.88%$ 17.880 millions
Idex Corp16.96%$ 16.956 millions
Myr Group Inc 16.68%$ 16.685 millions
Compx International inc16.30%$ 16.303 millions
Graco Inc 14.53%$ 14.532 millions
Pentair Plc14.47%$ 14.471 millions
Acm Research Inc 14.47%$ 14.470 millions
Trane Technologies Plc14.46%$ 14.464 millions
Nvent Electric Plc12.96%$ 12.955 millions
Columbus Mckinnon Corporation12.04%$ 12.038 millions
Primoris Services Corporation11.86%$ 11.859 millions
Installed Building Products Inc 11.50%$ 11.503 millions
Dream Finders Homes Inc 11.15%$ 11.145 millions




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com