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The segment generated $207.5 million in sales, accounting for 17.4% of third-quarter 2021 total net sales. The VesselView provides important Mercury engine information to boaters.Īll these endeavors are expected to continue contributing well to the marine segment’s revenues.
GARMIN MARINE SERIES
Further, Manitou added a range of its brand, Fusion Entertainment’s stereos, speakers and amplifiers.Īpart from this, GRMN announced support for Mercury Marine VesselView engine data across ECHOMAP Ultra, ECHOMAP UHD and GPSMAP series multi-function displays. Also, Manitou Pontoon Boats provides the company’s Garmin ECHOMAPUHD 73sv and GPSMAP chartplotters for its entire lineup. Malibu Boats selected Garmin products for its Axis wakesurf and wakeboard boat line. Bottom Lineĭue to strengthening marine offerings, GRMN has been gaining momentum across customers. It also unveiled the Garmin Surround View Camera System to offer captains a 360-degree view of their vessel’s perimeter for avoiding collision.Īdditionally, it introduced the MSC 10 marine satellite compass with the multi-band global navigation satellite system that provides reliable, accurate GPS-derived heading and position information on water.įurther, the company launched a chartplotter and transducer bundle with PanoptixLiveScope sonar named LiveScope Ice Fishing Bundle LI for hardwater fishing. The company keeps bringing advanced technological solutions to provide a better experience to anglers, sailors, mariners and boat enthusiasts.Īpart from the underlined acquisition, it recently introduced the GPSMAP 79 marine handheld series, which includes all the necessary tools that mariners require when leaving shore. The buyout of Vesper Marine bodes well with Garmin’s growing efforts to bolster the marine segment. To read this article on click here.Garmin Ltd.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Long-term earnings growth rates for Digital Turbine, Advanced Micro Devices and Mimecast are currently projected at 50%, 35.01% and 35%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here. While Digital Turbine sports a Zacks Rank #1 (Strong Buy), Advanced Micro Devices and Mimecast carry a Zacks Rank #2. Some similar-ranked stocks in the broader technology sector include Digital Turbine APPS, Advanced Micro Devices AMD and Mimecast Limited MIME. Zacks Rank & Other Stocks to ConsiderĬurrently, Garmin carries a Zacks Rank #2 (Buy). We believe that these endeavors are expected to drive Garmin’s top line in various end-markets served. In the month of May, Garmin launched Descent Mk2S, a daily wear smartwatch comprising numerous underwater diving features and additional options to track users’ daily lifestyle.
GARMIN MARINE UPDATE
Last month, the company also launched a free software update to enhance navigation capabilities of Edge 530, Edge 830, Edge 1030 and Edge 1030 Plus GPS cycling computers for providing better experience to cyclists. In the same month, Garmin also introduced TXi- engine indication system support for twin turboprop aircraft like Cessna 425, the King Air 90 series, and select Pratt & Whitney PT6A turboprop-powered Piper Cheyenne I and II.
GARMIN MARINE DRIVERS
Last month, it unveiled an all-new 2021 dash cam series with voice controlling features, automatic video storage and Live View monitoring options for drivers to record any incident occurring in front of the vehicle. The launch of LiveScope Ice Fishing Bundle LI has also expanded Garmin’s overall product portfolio. Story continues Expanding Product Portfolio These features are expected to expand Garmin’s reach to anglers, which in turn will expand the customer base. The LiveScope Ice Fishing Bundle LI is powered with lightweight lithium battery that offers up to 65% more life and thus helps anglers spend more time catching fish below the ice. The LiveScope Ice Fishing Bundle LI features LiveScope Forward and LiveScope Down that provide real-time sonar images of fish and help ice anglers track schools of fish up to 200 feet below the ice.Īlso, LiveScope Ice Fishing Bundle LI is enabled with ECHOMAP UHD 93sv customized touchscreen with keyed assist to help anglers access flasher, map, sonar and other important information.įurther, it is enabled with LiveScope Boat Kit that helps it in smooth transition to the boat when the snow defrosts during the summer months. Garmin GRMN introduced a chartplotter and transducer bundle with Panoptix LiveScope sonar, namely LiveScope Ice Fishing Bundle LI, for hardwater fishing.