Ituran Location Stock Price, News & Analysis

Ituran Location and Control Ltd. (NASDAQ: ITRN) has announced a cash dividend of $0.14 per share, amounting to approximately US$3 million. Shareholders of record as of March 21, 2023 will receive the dividend on April 4, 2023, with a tax deduction of 25%. The Board of Directors confirmed this decision after ensuring that the distribution would not compromise the company's operations. Following the payment, retained earnings will be US$166 million, down from US$169 million. The company holds a cash balance of US$27.9 million, alongside US$12.2 million in credit facilities, maintaining a solid financial position.

Ituran Location and Control Ltd. (NASDAQ: ITRN) reported strong financial results for Q4 and FY 2022, with a record revenue of $293.1 million, an 8% year-over-year increase. The subscriber base grew by 185,000 in 2022, reaching a total of 2,066,000 subscribers. Net income rose 8% to $37.1 million. In Q4 alone, revenue was $74.9 million, up 7%, with net income stable at $9.6 million. Management anticipates 2023 subscriber growth of 180,000 to 200,000. The company issued $12 million in dividends and conducted share buybacks worth $8.4 million in 2022, ending the year with $16 million in net cash.

Ituran Location and Control Ltd. (NASDAQ: ITRN) will release its fourth quarter and full year 2022 results on February 28, 2023, followed by a conference call at 9am ET. The call will provide insight into the company's financial performance and management will address investor questions.

Ituran is a leader in mobility technology, primarily offering location-based services. The company boasts over 2 million subscribers across more than 20 countries and is the largest OEM telematics provider in Latin America. The company has approximately 3,000 employees globally, with a strong market presence in Israel and Latin America.

Ituran Location and Control Ltd. (NASDAQ: ITRN) announced the release of its third quarter 2022 results on November 21, 2022. A conference call will take place at 9 AM ET on the same day, where management will discuss the results and address investor questions. Ituran is a leader in mobility technology, offering location-based services, including stolen vehicle recovery and fleet management. With a subscriber base nearing 2 million, Ituran holds a significant market position in Israel and Latin America, employing about 3,000 staff globally.

Ituran Location and Control Ltd. (NASDAQ: ITRN) has declared a cash dividend of $0.14 per share, amounting to about US$3 million. Shareholders of record by September 29, 2022 will receive the dividend on October 13, 2022, after a tax deduction of 25%. Following the distribution, retained earnings will decrease from US$155 million to US$152 million. The company currently holds a cash balance of US$32.7 million and maintains adequate financial health to support ongoing operations.

Ituran Location and Control Ltd. (NASDAQ: ITRN) reported its Q2 2022 results, showcasing a 9% year-over-year revenue increase to $73.4 million and a net income of $8.7 million. Subscriber growth reached approximately 1,972,000, with an aftermarket increase of 50,000 subscribers. EBITDA rose 7% to $19.4 million. The company declared a $3 million dividend and spent $3.4 million on share buybacks. Despite currency challenges, subscriber revenue increased by 11%, and gross margin improved in subscription services.

Ituran Location and Control Ltd. (NASDAQ: ITRN) has scheduled its second quarter 2022 results release for August 29, 2022, with a conference call at 9am ET. Management will discuss the results and answer investor queries. The US dial-in number is 1 866 860 9642, with international options available. Ituran is a leader in mobility technology, focusing on location-based services across over 20 countries, serving approximately 2 million subscribers worldwide. The company was founded in 1995 and employs around 3,000 people globally.

Ituran Location and Control Ltd. (NASDAQ: ITRN) has approved a cash dividend of $0.14 per share, totaling approximately US$3 million. This dividend will be distributed to shareholders of record as of June 29, 2022, with a payment date set for July 14, 2022, net of a 25% tax. The Board confirmed that this distribution will not affect the company's operations or future plans. Following the dividend payout, retained earnings will decrease to US$146.1 million from US$149.1 million. As of March 31, 2022, Ituran maintained a cash balance of US$43.3 million.