Ituran Location & Control (ITRN) Reports In-Line Q4 EPS

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Go back to Ituran Location & Control (ITRN) Reports In-Line Q4 EPS

ITURAN PRESENTS RECORD SUBSCRIBER GROWTH IN ITS RESULTS FOR THE FOURTH QUARTER & FULL YEAR OF 2021

March 7, 2022 6:30 AM EST

AZOUR, Israel, March 7, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter of 2021.

Highlights of full year 2021

Number of subscribers reached 1,881,000 at year-end; Revenue of $270.9 million, an increase of 10% year-over-year; EBITDA of $72.7 million, an increase of 56% year-over-year; Generated $55.8 million in full year operating cash flow; Year-end net cash and marketable securities of $23.3 million;

Highlights of the fourth quarter of 2021

44,000 net subscriber growth: net increase in aftermarket of... More