Ituran Location & Control (ITRN) Misses Q2 EPS by 4c

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Go back to Ituran Location & Control (ITRN) Misses Q2 EPS by 4c

ITURAN LOCATION AND CONTROL LTD. PRESENTS RESULTS FOR THE SECOND QUARTER OF 2022

August 29, 2022 6:40 AM EDT

AZOUR, Israel, Aug. 29, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2022.

Highlights of the Second Quarter of 2022

Growth in total subscribers to approximately 1,972,000: net increase in aftermarket of 50,000 and net decrease in OEM of 2,000;Revenues of $73.4 million, an increase of 9% year-over-year;Net income of $8.7 million compared with $9.1 million in the second quarter of last year;EBITDA of $19.4 million, compared with $18.2 million in the... More