Ituran Location & Control (ITRN) Reports Q4 EPS of $0.44

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Go back to Ituran Location & Control (ITRN) Reports Q4 EPS of $0.44

Ituran Location and Control Ltd. Presents Results for the Full Year & Fourth Quarter 2016

February 27, 2017 6:15 AM EST

AZOUR, Israel, Feb. 27, 2017 /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, 2016.

Highlights of 2016

Net subscribers adds amounted to 109 thousand, with 1.057 million subscribers at year-end; Revenue of $199.6 million; Gross and operating margins of 51.1% and 24.1%, respectively; EBITDA of $59.6 million (29.9% of revenues); Generated $41.5 million in operating cash flow; Total dividends of $20 million issued to shareholders for 2016; Ended 2016 with $31.5 million in net cash (including marketable... More