Ituran Location Stock Price, News & Analysis

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.

Ituran Location and Control Ltd. (NASDAQ: ITRN) reported strong first-quarter 2022 results, with a 7% revenue increase year-over-year to $72.1 million. The company added 43,000 net subscribers, reaching a total of 1,924,000. Net income rose by 6% to $8.7 million, with EBITDA growth of 13% to $19.3 million. Operating cash flow was $7.0 million. Ituran declared a $0.14 per share dividend and continued its share buy-back program. The management remains optimistic about exceeding 140,000 net subscribers added for the year.

Ituran Location and Control Ltd. (NASDAQ: ITRN) has announced the release of its first-quarter 2022 results, scheduled for May 24, 2022. A conference call will follow at 10am ET, where management will discuss the results and address investor queries. Ituran specializes in location-based services for vehicles and has a growing subscriber base nearing 2 million, primarily in Israel and Latin America. Established in 1995, Ituran operates globally with approximately 3,000 employees.

Ituran Location and Control Ltd. (NASDAQ: ITRN) announced a cash dividend of $0.14 per share, totaling approximately $3 million, to shareholders of record by March 23, 2022. The payment is scheduled for April 6, 2022, with a tax deduction of 25%. The Board of Directors confirmed that this distribution will not impact the company’s operational capabilities, as its retained earnings will be $140.3 million post-distribution. As of December 31, 2021, Ituran had a cash balance of $50.3 million and long-term debt of $13.2 million.

Ituran Location and Control Ltd. (NASDAQ: ITRN) released its Q4 2021 financial results, reporting a revenue of $70.4 million, up 11% year-over-year. The company achieved a net income of $9.6 million, a 40% increase from the previous year, with an EBITDA of $18.9 million, up 14%. The total subscriber base reached 1,881,000, with a net growth of 44,000 in the quarter. For 2021, Ituran reported total revenues of $270.9 million and projected subscriber growth of 140,000 to 160,000 for 2022. The company declared a $3 million dividend and continued its $19 million share buy-back program.

Ituran Location and Control Ltd. (NASDAQ: ITRN) will release its fourth quarter and full year 2021 results on March 7, 2022. A conference call will follow at 9 AM Eastern Time to discuss these results and address investor questions. Ituran is a leader in mobility technology, offering services like Stolen Vehicle Recovery and fleet management, with a growing subscriber base nearing 2 million. The company operates in over 20 countries and is based in Israel, known for its significant position in Latin America.