Garmin Ltd. (NASDAQ:GRMN) Q1 2018 Earnings Conference Call Transcript

May 02, 2018 • 10:30 am ET

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Garmin Ltd. (NASDAQ:GRMN) Q1 2018 Earnings Conference Call Transcript

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Presentation
Executive
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?