StockNews.AI
GRMN
StockNews.AI
152 days

Garmin named 2025 IBBI Supplier of the Year

1. Garmin awarded Supplier of the Year by IBBI for the second year running. 2. IBBI's network builds over 25% of U.S. boats, enhancing Garmin's market reach. 3. Garmin scored 99%, the highest ever, emphasizing operational excellence and innovation. 4. This recognition reflects Garmin's strong brand commitment among marine electronics. 5. Garmin also named Manufacturer of the Year by NMEA for tenth consecutive year.

7m saved
Insight
Article

FAQ

Why Bullish?

Garmin's award highlights its market leadership and quality, potentially boosting investor confidence.

How important is it?

The recognition as Supplier of the Year enhances credibility, potentially influencing sales and investor trust.

Why Short Term?

Positive recognition may lead to immediate sales boosts and short-term stock price increase.

Related Companies

NMEAIBBI
Leading international boat builder group honors Garmin marinefor outstanding service and support for second year in a row , /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced it was awarded the prestigious Supplier of the Year distinction by Independent Boat Builders, Inc. (IBBI). The marine industry's largest purchasing cooperative, IBBI is comprised of a 15-owner network of leading boat brands that collectively build more than 25% of all boats sold in the U.S. Each year, IBBI recognizes one company that stands out among its all its suppliers for providing outstanding service, support and dedication to its owner network. "Garmin is once again honored to be selected by the members of IBBI for the prestigious Supplier of the Year award. This award is a testament to our strong collaboration with IBBI and a shared commitment to providing best-in-class products, service and support to our mutual customers."–Dave Dunn, Garmin Senior Director, Marine & RV Sales   "IBBI members continue to be impressed by Garmin's commitment to operational excellence, unwavering focus on quality and relentless pursuit of innovation. This year, Garmin received the highest supplier score we've seen since the inception of this award – a near-perfect 99% – reaffirming them as a trusted and recognized manufacturer and worthy recipient of IBBI's highest honor." –Tom Broy, IBBI Chief Executive Officer For over a decade, IBBI members have benefitted from Garmin's extensive marine electronics portfolio that includes some of the industry's most sophisticated chartplotters and touchscreen multifunction displays, sonar technology, audio entertainment solutions, high-definition radar, autopilots, mapping, and other products and services that are known for innovation, reliability and ease-of-use. IBBI presented the award to Garmin on March 11 at its annual Supplier Conference in Orlando, Fla. This is the fourth time Garmin has been named Supplier of the Year from IBBI.       Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the tenth consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Visit the Garmin's Newsroom, email our press team, connect with @garminmarine or follow our blog for more information. About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved. Notice on Forward-Looking Statements:This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2024, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. MEDIA CONTACT: Carly Hysell913-397-8200[email protected] SOURCE Garmin International, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News