Ituran Location & Control (ITRN) Misses Q3 EPS by 8c, Revenues Miss

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Go back to Ituran Location & Control (ITRN) Misses Q3 EPS by 8c, Revenues Miss

Ituran Location and Control Ltd. Presents Results for The Third Quarter of 2019

November 25, 2019 6:31 AM EST

AZOUR, 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

Eyal... More