Ituran Location & Control (ITRN) Reports Q1 EPS of $0.54

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Go back to Ituran Location & Control (ITRN) Reports Q1 EPS of $0.54

Ituran Location and Control Ltd. Presents Record Results for the First Quarter 2018

May 23, 2018 6:30 AM EDT

AZOUR, Israel, May 23, 2018 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) (TASE: ITRN), today announced its consolidated financial results for the first quarter ended March 31, 2018.

Highlights of the First Quarter of 2018

Net subscribers adds in the quarter amounted to 21,000; Record revenue of $63.1 million, up 12.5% year-over-year; Gross margins of 49.9% and operating margins at 24.6%; Record EBITDA of $19.2 million or 30.4% of revenues; Generated $7.5 million in operating cash flow; Dividend of $5 million declared for the quarter;... More