Maker of global positioning
1200 East 151st Street
Olathe, KS 66062
CEO: Min Kao
Stock Symbol: GRMN
Garmin is a leading, worldwide provider of navigation, communication and information devices and applications, most of which are enabled by Global Positioning System (“GPS”) technology. Garmin designs, develops, manufactures and markets a diverse family of hand-held, portable and fixed-mount GPS-enabled products and other navigation, communications and information products for the automotive/mobile, outdoor/fitness, marine, and general aviation markets.
Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin International headquarters are in Kansas.
Garmin GPS devices help drivers find roads
and directions from video screens installed on their vehicle
Garmin products serve aviation, marine, automotive, wireless, OEM, and general recreation applications. The company has over 50 products including
The company has offices in the U.S., Europe
Garmin reported 2010 revenues of $2.69 billion, down 9% from the previous year, and net income of $584.6 million. The company sold over 16 million units in 2010 but is facing significant competition from smartphones such as the iPhone and Android devices with GPS built-in.
• Automotive/Mobile segment revenue decreased 19% to $1.67 billion
• Outdoor/Fitness segment revenue increased 19% to $560 million
• Aviation segment revenue increased 7% to $263 million
• Marine segment revenue increased 12% to $199 million
The company was founded in 1989 by engineers
Gary Burrell and Min Kao who were looking to develop products
to improve naviagation. The company was initially called ProNav
but they changed it in 1991 when sued by another company with
a similar name. The new company name was formed by merging the
first names of the founders "Gar" and "Min."
The company went public in 2000.
Salary employee premiums are paid
entirely by Garmin on two out of the three medical plans covered
under Blue Cross and Blue Shield of Kansas City. Also enjoy free
dental, vision, long term disability and basic life insurance.
When you save for retirement by participating in the 401K
program, Garmin matches 75 cents of each dollar you contribute
- up to 10 percent of your salary. With over 20 investment funds
to choose from, ranging from conservative to aggressive growth,
you can customize your 401K to grow your nest egg.
Purchase discounted shares of Garmin Ltd. (the parent company
of Garmin International Inc.) by participating in our Employee
Stock Purchase Plan (ESPP).
Vacation, Sick & Holidays
With 15 days of paid time off for personal time, you'll have
time to get out there and enjoy life. Employees also get 9 paid
holidays per year.
Full-time Garmin associates can apply for reimbursement of
educational expenses (tuition and required fees) for undergraduate
or graduate level courses.
Purchase Garmin products at a discount, and enjoy a variety
of discounts through-out the community. Other perks include a
lavish Thanksgiving buffet to several company-hosted family events
throughout the year.
Updated April 11, 2011