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Stock impact report

Ituran Location and Control Ltd. Presents Results for the First Quarter of 2019

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
AZOUR, Israel, May 21, 2019 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) (TASE: ITRN), today announced its consolidated financial results for the first quarter ended March 31, 2019.Highlights of the first quarter of 2019Revenue of $73.6 million, up 17% year-over-year; Adjusted EBITDA of $20.9 million (27.9% of revenues), up 9% year-over-year Generated $14.9 million in quarterly operating cash flow; Dividend of $5 million declared for the quarter; Board of Directors approves share buy-back of up to $25 million;Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "As we move through 2019, Ituran is a company on a new scale with significantly greater potential. The process of consolidating and combining Road Track with Ituran continues and we are working on building the top-line synergies in many of our regions. We look forward to reaping the rewards from our already highly successful and growing business over the coming quarters and years."Mr. Sheratzky added, "T Show less Read more
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