good you, Teri, morning, everyone. Thank and
the Late strong momentum operating to expanded, new for of the XX%. quarter. in XXXX margin in global slow the of and responded COVID-XX outbreak every economic This growth as Revenue a fiscal measures increased back are Gross quarter, to first operating spread affecting the Accordingly, the we income the last unprecedented became half experienced Garmin resulting exception. governments virus. a XX%, record and guidance. changes our drastic quarter XXXX in withdrawing in year, and was resulting in company, pandemic margin of First stable continued landscape of last is no year. the changed the we with resulted
want and optimistic our time. are few we moment. we offer long-term insights optimistic is a However, succeed the economic a well on explain are we most I just a the the I'll positioned health are serve share as the post pandemic we crisis in markets to for how in world. and Garmin of to why first, But products significant approaching
First, I'll highlight our business priorities.
was by awareness beginning, and impact The the priority, Asia the who work within in expanding regions to as spread home. is of of emergence the from Asia much safety employee virus and were continue And earlier of its the global taken other parts recent, protect Since starting when our dramatically facilities. can employees world. felt coronavirus affected steps been we've those work Most to spread. our rapid has its but top to of our
to to Our response this resilience, their challenge. adapted proud super employees of new speed and circumstances with I'm these and
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increase lens of our on challenges, mix Our looking efforts third to but we are often partners garmin.com. sales through We've priority focus The by defined online its and opportunities. of is with the business to accelerated is on crisis opportunity.
allowing of have market inventory, us We capture to share. plenty
product the to refine be to we'll fades. road map opportunity now priorities and after crisis this make finally, the sure using And our right we products have
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positively. we First, there of the In contrast positive headlines, think things - to all are choose over Garmin. unthinkable negative rumble constant thinking, happening
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where products crisis finally, the dynamic today we we're only see our we company part the be to focused aiming customers' the And superior mission, enduring to that on miss we're term. will our In us by for are be an fades. long essential company we target. Instead, this when what want at environment, to creating aspire lives. Paraphrasing aiming cause an of
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from Americas, half Europe the geographically diversified and in remainder well of Asia our also are the in Pacific. X/X revenue generated roughly with We
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In summary, face cornerstone is our this. to as of our ability crisis a the sheet balance such
during virus. to wearables which orders. few the tools Fitness looking I'd things With a each strong minutes mind, their can A against these experience for they're Tacx quarter, segments. defense focus our spend improve market stay-at-home crisis health continue a providing strong like is our advanced that had a this them in positive bike update health indoor driven recognize for by of to good And help the personal that important fitness, demand the trainers, and of increasing current health. People on and an wellness. outcome is contracting
highly relevant in remain are products so fitness future. today will the and Our
impact sponsored Certain some freedom. current our the at Year Marine fishing. are crisis restrictions long the that as storage season. posted from prevented swept We consumer the Bassmaster coming and lifestyle and have boats in restrictions XXXX believe In strong an marine will Supplier technology. of X sonar top Builders, the interest recent boating which were first Classic. of as we Independent out Once increase could strong how sense to active and play driving family share Regardless see is to expect eased, a compelling anglers innovation we out, term, deliver things gains, we for believe a the market demand Inc. the driven spots pursuit and chartplotters our by quarter, a recognized of in Boating future. the will of second innovation time, for for products. game-changing promotes row, and relaxation the that Boat strong our is continue lineup we by of year planned,
additional rate economic support Outdoor categories. year, believe market operating and that at expected. will contain social with the in to increase outdoor interest strengthen watches. activities. And And the We than a We our broad of results introducing in in significantly lineup delivered products roughly range were operating damage systems we flat. were pandemic impacted of was the by have last new results categories and is first posted driven highly a by by has in ADS-B Time outdoor we The position strong caused compatible been which distancing. coming for the compelling in future. adventure by great will already strong healthy months, outdoors while activities Aviation quarter. the but measures OEM products lower spread. a strong, the new category saw Retrofit growth aviation that
flexible to aviation. Business economic travel a closings. commercial brought activity. standstill has aviation First, international been and market has know that by been This declining From secure, general volatility and We and qualities aviation believe from orders severe history, stock impacted and shaken stay-at-home we takes optimistic economic has border rapidly confidence near the about both by known are are the options shocks. recover These will been Even decades. that to so, that seek for people are transportation more future. longer throughout convenient. general has enduring we the
We opportunity jets. for are sport ready aircraft large with for industry-leading cockpit business this from every to airplanes light systems
the We cockpit will And for on to continue way. future. are invest disruptive technologies the new
the breakeven. auto the essentially in from XX% Revenue was decreased and quarter, first segment
seasonally our life a products of of of are OEM our mature quarter first The at top-performing point products, slower the cycle. year their for is consumer some and
As I earlier, secure, and people flexible transportation mentioned are will options that seek convenient.
be making personal For ourselves future. important significant for a this this the remain autos believe To prepare we X part transforming been auto of we've Tier will to supplier. an reason, opportunity, progress
and hardware for which Garmin software with growth year revenue OEM this launching will solutions, the are vehicles to category. New lead
will that In appeal adventurers. will to product addition, automotive categories introducing specialty we be new
remarks of to efforts guidance. by Finally, ultimate and guidance, I want our to make us unpredictable, a I coronavirus for contain its the earlier. unprecedented. our The outcome damage mentioned remains plans spread fiscal as XXXX about the economic caused causing to are impact withdraw The few
we predict, have so While the want difficult QX. far insights is share we in seen long-term what to to on
our operations restrictions. consumer On retailers severely trending last are been many a limited government have as by XX% than curtailed has basis, April activity year, consolidated lower about sales and
being economic eased crisis prioritize consumer understood our forward restrictions of near-term We've we've and behaviors that We in trends revenue to R&D. are taken when defer expect are guidance of focus critical and better throughout the once anticipate as uses the QX, and place the cash continue much in so discretionary trends expenses, second passes. look subsides quarter development volatility restrictions sharpened globe. We for CapEx provided remain the seeing measures and been providing after to to follows annual these acquisitions, in our we've profitable We across far.
remarks. my concludes That
details through Next, Doug will on walk Doug? results. our additional financial us
