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Garmin Reports Record First Quarter; Strong Margins and Increased Market Share
Date:4/30/2008

liation of GAAP net cash provided by operating activities to free cash flow.

Garmin Ltd. And Subsidiaries

Free Cash flow

(in thousands)

13-Weeks Ended

March 29 March 31

2008 2007

Net cash provided by operating activities $192,465 $168,670

Less: purchases of property and equipment ($26,690) ($12,399)

Free Cash Flow $165,775 $156,721

Earnings Call Information

The information for Garmin Ltd.'s earnings call is as follows:

When: Wednesday, April 30, 2008 at 11:00 a.m. Eastern

Where: http://www.garmin.com/aboutGarmin/invRelations/irCalendar.html

How: Simply log on to the web at the address above or call to listen

in at (800) 891-6383 in the U.S. and Canada, or (706) 643-9558

for international participants; conference ID #42452953

Contact: investor.relations@garmin.com

A phone recording will be available for three business days following the earnings call and can be accessed by dialing (800) 642-1687 or (706) 645-9291 and utilizing the access code #42452953. An archive of the live webcast will be available until May 30, 2008 on the Garmin website at http://www.garmin.com. To access the replay, click on the Investor Relations link and click over to the Events Calendar page.

This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business. Any statements regarding the company's estimated
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SOURCE Garmin Ltd.
Copyright©2008 PR Newswire.
All rights reserved

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