Ituran Location & Control (ITRN) Reports Q1 EPS of $0.33

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Go back to Ituran Location & Control (ITRN) Reports Q1 EPS of $0.33

Ituran Location And Control Ltd. Presents Results For The First Quarter 2015

May 18, 2015 6:30 AM EDT

AZOUR, Israel, May 18, 2015 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the first quarter ended March 31, 2015.

Highlights of the First Quarter

Record net subscribers adds in the quarter amounting to 28 thousand; In local currencies, double digit year-over-year growth in all parameters; Revenue of $44.2 million; Gross margins of 52.9% and operating margins at 23.8%; EBITDA of $13.2 million or 29.9% of revenues; Generated $8.7 million in operating cash flow; Dividend of $3.4 million declared for the... More