Ituran Location & Control (ITRN) Reports Q4 EPS of $0.47
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Ituran Location and Control Ltd. Presents Results for the Full Year & Fourth Quarter 2017
February 27, 2018 6:30 AM ESTAZOUR, Israel, Feb. 27, 2018 /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, 2017.
Highlights of 2017
Net subscribers adds amounted to 103,000, with 1,160,000 subscribers at year-end; Revenue of $238.5 million, up 20% year-over-year; Gross margins of 50.0% and operating margins of 23.7%; EBITDA of $70.1 million (29.4% of revenues); Generated $43.9 million in operating cash flow; Total dividends of $20 million declared to shareholders for 2017; Ended 2017 with $40.4 million in net cash (including marketable... More