Ituran Location & Control (ITRN) Tops Q3 EPS by 5c, reiterates guidance

Ituran Location & Control (NASDAQ: ITRN) reported Q3 EPS of $0.69, $0.05 better than the analyst estimate of $0.64. Revenue for the quarter came in at $83.5 million.

Guidance for 2024

Management 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 expectations continue to be between $90-95 million and 2025 EBITDA is targeted to surpass $100 million.

The guidance assumes that the exchange rates in the geographies in which Ituran operate do not worsen against the US dollar, and the current global macro-economic situation and the political situation in Israel do not materially deteriorate.

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

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