ITURAN PRESENTS THIRD QUARTER 2024 RESULTS
Ituran Location and Control Ltd. - Ordinary Shares (ITRN)
Last ituran location and control ltd. - ordinary shares earnings: 3/4 06:30 am
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US:NASDAQ Investor Relations:
ituran.com/ituranfront/en/about-ituran/investor-relations
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Source: PR Newswire
Continued strong profitability and reiterates guidance;Declares an $8 million dividend for the third quarter of 2024AZOUR, Israel, Nov. 21, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the third quarter 2024.Highlights of the third quarter of 2024Number of subscribers reached 2,369,000, adding a net 40,000 in the third quarter.Revenue of $83.5 million, an increase of 3% year-over-year.Net income increased to $13.7 million, up by 9% year-over-year.EBITDA grew to $23.3 million, a 4% increase year-over-year.Operating cash flow of $17.2 million.The Board declared a dividend of $8 million or $0.39 per share, in line with the Company's dividend policy.Guidance for 2024Management reiterates its expectations for continued revenue and profit growth, and expects to continue to add approximately 35,000 to 40,000, net new subscribers in the fourth quarter of 2024.From a financial perspective, full-year 2024 EBITDA expe
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News
- IBN Coverage: Ituran Location and Control (NASDAQ: ITRN) CEO Discusses Company's Journey From Humble Beginnings to Global Leadership [Yahoo! Finance]Yahoo! Finance
- ITURAN'S JV IN INDIA COMPLETES SUCCESSFUL VALIDATION WITH DAIMLER INDIA COMMERCIAL VEHICLES FOR ITS CONNECTED TELEMATIC DEVICESPR Newswire
- Ituran Location and Control Ltd (ITRN) Q3 2024 Earnings Call Highlights: Strong Revenue Growth ... [Yahoo! Finance]Yahoo! Finance
- ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDENDPR Newswire
- ITURAN AND NISSAN SIGN A CONTRACT FOR VEHICLE TRACKING AND RECOVERY SERVICES IN CHILEPR Newswire
ITRN
Sec Filings
- 12/4/24 - Form 6-K
- 11/21/24 - Form 6-K
- 11/21/24 - Form 6-K
- ITRN's page on the SEC website