Garmin Finalizes JL Audio Acquisition
September 20, 2023
The audio solutions company will continue operating at its existing facilities, and the products will be integrated into Garmin’s marine segment.
The audio solutions company will continue operating at its existing facilities, and the products will be integrated into Garmin’s marine segment.
The company reported consolidated revenue of $1.32 billion in the third quarter, but marine was down 11%.
The Force Kracken includes Garmin’s anchor lock technology and has a pivot-style mount for installation on boats with limited bow space.
Consolidated revenue of $1.15 billion was down 2% from the prior-year quarter, but marine revenues were up by 10%.
Garmin’s marine segment reported net sales of $904 million for FY22, its 10th consecutive year of growth.
Consolidated revenue was down 4 percent for the quarter, and marine segment revenue was down 5 percent.
Garmin will offer Sea Tow franchise operators and members access to special offers and product training to improve safety
The company reported consolidated revenue of $1.17 billion and revenue growth of 21 percent in its marine segment.
The electronics company reported consolidated revenue of $1.39 billion for the quarter and $4.98 billion for the year.
The electronics giant has acquired the New Zealand-based, communication-product specialist.
The audio solutions company will continue operating at its existing facilities, and the products will be integrated into Garmin’s marine segment.
The company reported consolidated revenue of $1.32 billion in the third quarter, but marine was down 11%.
The Force Kracken includes Garmin’s anchor lock technology and has a pivot-style mount for installation on boats with limited bow space.
Consolidated revenue of $1.15 billion was down 2% from the prior-year quarter, but marine revenues were up by 10%.
Garmin’s marine segment reported net sales of $904 million for FY22, its 10th consecutive year of growth.
Consolidated revenue was down 4 percent for the quarter, and marine segment revenue was down 5 percent.
Garmin will offer Sea Tow franchise operators and members access to special offers and product training to improve safety
The company reported consolidated revenue of $1.17 billion and revenue growth of 21 percent in its marine segment.
The electronics company reported consolidated revenue of $1.39 billion for the quarter and $4.98 billion for the year.
The electronics giant has acquired the New Zealand-based, communication-product specialist.
