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Garmin (GRMN) Q3 2017 Results - Earnings Call Transcript

Nov. 01, 2017 2:35 PM ETGarmin Ltd. (GRMN)
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Garmin Ltd. (NYSE:GRMN) Q3 2017 Earnings Call November 1, 2017 10:30 AM ET


Teri Seck - Garmin Ltd.

Clifton A. Pemble - Garmin Ltd.

Douglas G. Boessen - Garmin Ltd.


Doug Clark - Goldman Sachs & Co. LLC

Richard Valera - Needham & Co. LLC

Kristine Tan Liwag - Bank of America Merrill Lynch

Yuuji Anderson - Morgan Stanley & Co. LLC

Joe H. Wittine - Longbow Research LLC

Ben J. Bollin - Cleveland Research Co. LLC

Charlie Lowell Anderson - Dougherty & Co. LLC

Elliot Arnson - KeyBanc Capital Markets, Inc.

Ivan Feinseth - Tigress Financial Partners LLC

Tavis C. McCourt - Raymond James & Associates, Inc.

Audrey Preston - Credit Suisse Securities (USA) LLC

Paul J. Chung - JPMorgan Securities LLC


Good morning, ladies and gentlemen, and welcome to the Garmin Limited Third Quarter 2017 Earnings Conference Call. As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host today, Teri Seck. You may begin.

Teri Seck - Garmin Ltd.

Good morning. We would like to welcome you to Garmin Limited's third quarter 2017 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.

This earnings call includes projections and other forward-looking statements regarding Garmin Limited and its business. Any statements regarding our future financial position, revenues, earnings, growth and operating margins, and future dividend, market shares, product introductions, future demand for our products and plans and objectives are forward-looking statements. The forward-looking events and circumstances discussed in this earnings call may not occur, and actual results could differ materially as a result of risk factors affecting Garmin. Information concerning these risk factors is contained in our

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