Garmin Ltd (NYSE:GRMN)
$ 207.46 -1.9 (-0.91%) Market Cap: 39.84 Bil Enterprise Value: 37.89 Bil PE Ratio: 26.33 PB Ratio: 5.31 GF Score: 92/100

Q1 2019 Garmin Ltd Earnings Call Transcript

May 01, 2019 / 02:30PM GMT
Release Date Price: $80.06 (-6.62%)
Operator

Good day, ladies and gentlemen, and welcome to the Garmin Limited's First Quarter 2019 Earnings Conference Call. (Operator Instructions) As a reminder, this conference call is being recorded.

I would now like to turn the conference over to Teri Seck, Manager of Investor Relations. Ma'am, you may begin.

Teri Seck
Garmin Ltd. - Manager of IR

Good morning. We would like to welcome you to Garmin Limited's First Quarter 2019 Earnings Call.

Please note that the earnings press release and related slides are available at Garmin's Investor Relations site on the internet at www.garmin.com/stock. An archive of the webcast and related transcript will also be available on our website.

In the first quarter of fiscal 2019, we refined the methodology used to allocate certain selling, general and administrative expenses to the segments. The composition of segments did not change. Prior year amounts are presented as they were originally reported as it is not practical to accurately

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