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Ituran Location & Control (ITRN) Misses Q4 EPS by 2c, Revenues Beat

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Ituran Location And Control Ltd. Presents Results For The Fourth Quarter & Full Year Of 2020

March 3, 2021 6:30 AM EST

AZOUR, Israel, March 3, 2021 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter and full year of 2020.

Highlights of full year 2020

Number of subscribers reached 1,768,000 at year-end; Revenue of $245.6 million; Adjusted EBITDA of $60.8 million; Generated $60.1 million in full year operating cash flow; Year-end net cash and marketable securities of $24.3 million;

Highlights of the fourth quarter of 2020

Improved results versus the prior quarter, as the Company... More