Ituran Location & Control (ITRN) Tops Q1 EPS by 7c ; Provides Outlook

Ituran Location & Control (NASDAQ: ITRN) reported Q1 EPS of $0.66, $0.07 better than the analyst estimate of $0.59. Revenue for the quarter came in at $85 million, versus $0 reported last year.

Guidance for 2024

Overall, looking ahead to 2024, management reiterates its expectations for continued revenue growth and profitability throughout the year.

Management continues to expect to add approximately 35,000 to 40,000, net new subscribers per each quarter during 2024.

From a financial perspective, full-year 2024 EBITDA expectations continue to be between $90-95 million and 2025 EBITDA is targeted to surpass $100 million.

For earnings history and earnings-related data on Ituran Location & Control (ITRN) click here.

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