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Stock impact report

ITURAN PRESENTS FOURTH QUARTER & FULL YEAR 2023 RESULTS

Ituran Location and Control Ltd. - Ordinary Shares (ITRN) 
Last ituran location and control ltd. - ordinary shares earnings: 3/4 06:30 am Check Earnings Report
Company Research Source: PR Newswire
Dividend Policy increased by 60% to $8 million per quarter; Company introduces full year 2024 EBITDA guidance of $90-95m and a target to surpass $100m in EBITDA in 2025 AZOUR, Israel, Feb. 29, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter and full year of 2023.Highlights of Full Year 2023Number of subscribers reached 2,252,000 at year-end adding a record 186,000 in 2023 in line with guidance;Record financial metrics across the board with revenue at $320.0 million, an increase of 9% year-over-year;Net income of $48.1 million, an increase of 30% year-over-year;EBITDA of $87.0 million, an increase of 10% year-over-year; Generated $77.2 million in full year operating cash flow;Year-end net cash position and marketable securities of $53.0 million;Returns to shareholders: declared a total of $19 million in dividends that relates to the results throughout 2023 and bought back shares in the amoun Show less Read more
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