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Garmin Reports Record First Quarter; Strong Margins and Increased Market Share

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


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


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 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

SOURCE Garmin Ltd.
Copyright©2008 PR Newswire.
All rights reserved

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