Ituran Location & Control (ITRN) Reports Q4 EPS of $0.29

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Go back to Ituran Location & Control (ITRN) Reports Q4 EPS of $0.29

Ituran Location and Control Ltd. Presents Results for the Full Year & Fourth Quarter 2015

February 24, 2016 6:30 AM EST

AZOUR, Israel, Feb. 24, 2016 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the fourth quarter and full year ended December 31, 2015.

Highlights of 2015

Record net subscribers adds during 2015 amounted to 131 thousand, ending the year with 948 thousand subscribers; Full year revenue reached $176 million; Gross and operating margins of 51.2% and  23.1%, respectively; EBITDA of $52.6 million or 30.0% of revenues; Generated $35.9 million in operating cash flow; Total dividends of $16 million issued to shareholders for 2015; Ended 2015... More