Ituran Location & Control (ITRN) Misses Q1 EPS by 3c, Revenues Beat

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Go back to Ituran Location & Control (ITRN) Misses Q1 EPS by 3c, Revenues Beat

Ituran Location and Control Ltd. Presents Results for the First Quarter of 2020

May 13, 2020 6:33 AM EDT

AZOUR, Israel, May 13, 2020 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the first quarter of 2020.

Highlights of the first quarter of 2020

Revenue of $68.4 million; EBITDA of $15.3 million; Generated $10.7 million in quarterly operating cash flow; Net increase in aftermarket subscribers of 17,000; Total subscribers reached 1,794,000 at the end of the quarter;

Management Comment

Eyal Sheratzky, Co-CEO of Ituran said, "We are pleased with Ituran's first quarter... More