Garmin Ltd. (NASDAQ:GRMN) Q1 2018 Earnings Conference Call Transcript
May 02, 2018 • 10:30 am ET
Douglas Gerard Boessen
paid dividends of $96 million. In the first quarter 2018, we reported an effective tax rate of 16% compared to a pro forma effective tax rate of 21.2% in the prior year quarter. The decrease in effective tax rate is primarily due to benefits from the US tax reform and the impact of release of reserves.
This concludes our formal remarks. James, could you please open the line for Q&A?