Garmin Ltd. reported strong financial results for the fourth quarter and full year of 2024, achieving record consolidated revenue of $6.3 billion, a 20% increase from the prior year. Gross margin expanded to 58.7%, while operating income rose 46% to $1.59 billion. Fourth-quarter revenue grew 23% year-over-year to $1.82 billion, with significant growth in the fitness and outdoor segments. The company shipped over 300 million units since inception and launched innovative new products, including the Approach R50 golf launch monitor and Descent X50i dive computer. Garmin enters 2025 with strong momentum and plans multiple product launches.