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Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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