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Stock impact report

Ituran Location and Control Ltd. Presents Results for The Third 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, Nov. 25, 2019 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter ended September 30, 2019.Highlights of the third quarter of 2019Revenue of $69.0 million, up 29% year-over-year; Adjusted EBITDA of $18.7 million (26.8% of revenues), up 10% year-over-year Generated $11.5 million in quarterly operating cash flow; Dividend of $5 million declared for the quarter; Ituran added 20,000, net after-market subscribers and no change to OEM subscribers;Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "While Ituran's aftermarket business in Brazil has been recovering and returning to its growth trend, the OEM segment remains weak as a result of the difficult environment that the car manufacturers in the region are facing. 2019 has been a transitional year for us and we are working on realizing the synergies from the recently acquired OEM business across all our geographies. We are focusing Show less Read more
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