Ituran Location & Control (ITRN) Tops Q2 EPS by 5c

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Go back to Ituran Location & Control (ITRN) Tops Q2 EPS by 5c

Ituran Location and Control Ltd. Presents Results For The Second Quarter Of 2021

August 23, 2021 6:30 AM EDT

AZOUR, Israel, Aug. 23, 2021 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2021.

Highlights of the Second Quarter of 2021

Growth in both aftermarket and OEM subscribers: net increase in aftermarket of 23,000 and net increase in OEM of 1,000; Revenues of $67.5 million, an increase of 27% year-over-year; Net income of $9.1 million, versus last year's $6.3 million net loss; EBITDA of $18.2 million, up 30% year-over-year (excluding last year's impairment); Generated $19.0 million in quarterly operating cash flow;... More