Ituran Location & Control (ITRN) Tops Q3 EPS by 3c

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Go back to Ituran Location & Control (ITRN) Tops Q3 EPS by 3c

Ituran Location and Control Ltd. Presents Results for the Third Quarter of 2021

November 16, 2021 6:30 AM EST

AZOUR, Israel, Nov. 16, 2021 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2021.

Highlights of the third quarter of 2021

25,000 net subscriber growth: net increase in aftermarket of 21,000 and net increase in OEM of 4,000; Revenues of $65.7 million, an increase of 9% year-over-year; Net income was $7.3 million, compared with $9.3 million last year; Adjusted net income (excluding the non-cash financial impact related to SaverOne's change in public market value) was $9.6 million versus $6.0 million last year; EBITDA of $18.5 million,... More