Ituran Location & Control (ITRN) Misses Q3 EPS by 8c, Revenues Miss
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Ituran Location and Control Ltd. Presents Results for The Third Quarter of 2019
November 25, 2019 6:31 AM ESTAZOUR, Israel, Nov. 25, 2019 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter ended September 30, 2019.
Highlights of the third quarter of 2019
Revenue of $69.0 million, up 29% year-over-year; Adjusted EBITDA of $18.7 million (26.8% of revenues), up 10% year-over-year Generated $11.5 million in quarterly operating cash flow; Dividend of $5 million declared for the quarter; Ituran added 20,000, net after-market subscribers and no change to OEM subscribers;Management Comment
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