Welcome to our dedicated page for Ituran Location news (Ticker: ITRN), a resource for investors and traders seeking the latest updates and insights on Ituran Location stock.
Ituran Location and Control Ltd. (NASDAQ: ITRN) is a mobility technology and telematics company focused on location-based services for connected vehicles and mobile assets. This news page aggregates company announcements, press releases and market updates so readers can follow how Ituran’s telematics services, OEM relationships and geographic footprint evolve over time.
According to its disclosures, Ituran provides stolen vehicle recovery, fleet management and mobile asset location and control services, as well as connected-car offerings for vehicles, cargo and personal security. News items frequently cover topics such as quarterly earnings results, subscriber growth, dividend declarations and cash flow trends, which are reported through press releases that are also furnished to the SEC on Form 6-K.
Because Ituran works closely with automotive and motorcycle manufacturers, many updates relate to OEM partnerships and new agreements. Recent examples include a multi-year service agreement with Renault in Latin America and strategic partnerships with Yamaha and BMW Motorrad in Brazil to integrate Ituran’s telematics services into motorcycles. These announcements help investors and observers understand how Ituran is expanding its presence in Latin America and the global two-wheel market.
Other recurring news themes include the performance and reach of Ituran’s stolen vehicle recovery network, the growth of its more than 2.5 million-subscriber base, and developments around its smart-mobility solution IturanMOB. Readers can also find notices about conference presentations, such as participation in the LD Micro Main Event, and scheduling of earnings conference calls. For anyone tracking ITRN stock, this page offers a centralized view of the company’s operational, financial and strategic updates.
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.
Ituran Location and Control Ltd. (NASDAQ: ITRN) announced a strategic acquisition of 50% in Mob-Lab, an urban mobility startup in Brazil, now rebranded as Ituran-Mob. This move positions Ituran to leverage its technology and brand in the growing car-sharing market. The vehicle rental market is projected to exceed $100 billion in three years. Ituran-Mob aims to disrupt traditional rental processes by integrating Ituran's technology and expanding its offerings across global markets, benefiting from a growing base of paying subscribers and interest from rental companies, particularly in Brazil.