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Stock impact report

Ituran Location and Control Ltd. Presents Results for the Third Quarter of 2020

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. 18, 2020 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2020.Highlights of the third quarter of 2020Improved results versus the prior quarter, as the Company continues to successfully overcome some of the impacts of the Covid-19 pandemic; Revenues of $60.3 million, an increase of 13% sequentially and a decline of 13% year over year; in local currencies revenues from subscription fees were at a similar level to that of  the last year's quarter; EBITDA was $15.0 million; when excluding foreign exchange impacts, it would have been at a similar level to last year; Net income was $9.3 million, an increase of 45% year over year; Generated $13.6 million in quarterly operating cash flow; Ituran returns to a net cash position for the first time since its acquisition of RoadTrack in 2018; Total subscribers reached 1,752,000 at the end of the quarter; net increase of 13,000 in after- Show less Read more
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