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Ituran Location and Control Ltd (ITRN) provides investors and industry professionals with comprehensive access to corporate developments through this centralized news hub. Track official press releases, financial updates, and strategic announcements from the global leader in telematics and location-based services.
This resource offers real-time visibility into ITRN's operational milestones, including product launches, partnership agreements, and market expansion initiatives. Users gain critical insights through earnings reports, technology updates, and leadership communications that shape the company's trajectory in vehicle recovery systems and fleet management solutions.
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Ituran Location and Control Ltd. (NASDAQ: ITRN) announced a cash dividend of $0.14 per share, totaling approximately $3 million. Shareholders on record as of December 22, 2021 will receive the dividend on January 5, 2022, net of 25% tax. The Board confirmed that the distribution won't hinder the company's operational performance or future plans. As of September 30, 2021, retained earnings were $136.6 million, expected to drop to $133.6 million post-distribution, while cash balance was $62.9 million.
Ituran Location and Control Ltd. (NASDAQ: ITRN) reported third-quarter 2021 results with revenues of $65.7 million, up 9% year-over-year. The net income decreased to $7.3 million from $9.3 million last year. Adjusted net income rose to $9.6 million compared to $6.0 million in Q3 2020. The EBITDA increased 23% to $18.5 million, and operating cash flow was $11.5 million. The company declared a $3 million dividend and continued a share buy-back program, repurchasing 71,000 shares for $1.9 million. The subscriber base grew by 25,000 to 1,837,000 as of September 30, 2021.
Ituran Location and Control Ltd. (NASDAQ: ITRN) is set to release its third quarter 2021 results on November 16, 2021. The company will host a conference call at 9 AM Eastern Time to discuss results and answer investor questions. Ituran, a leader in location-based services with nearly 2 million subscribers, provides solutions for vehicle recovery, fleet management, and more across over 20 countries. The company continues to strengthen its position in both Israel and Latin America.
Ituran Location and Control Ltd. (NASDAQ: ITRN) announced the full acquisition of Ituran Spain Holdings, paying approximately $11.2 million for the remaining 18.72% of shares. This follows the original acquisition agreement from July 2018, valuing the subsidiary at $60 million. Co-CEO Eyal Sheratzky expressed optimism about this acquisition, highlighting its potential to drive growth and synergies in recovering markets post-COVID. Ituran is a leader in mobility technology, offering location-based services across over 20 countries with nearly 2 million subscribers worldwide.
Ituran Location and Control Ltd. (NASDAQ: ITRN) announced a cash dividend of $0.14 per share, totaling approximately US$3 million, to be paid on October 13, 2021. Shareholders of record as of September 30, 2021 will receive this dividend net of a 25% tax. As of June 30, 2021, Ituran reported retained earnings of US$132 million before the distribution, expected to decrease to US$129 million. The company maintains a cash balance of US$65.6 million and has long-term debt of US$20.9 million.
Ituran Location and Control Ltd. (NASDAQ: ITRN) reported strong second-quarter results for 2021 with revenues of $67.5 million, up 27% year-over-year. The company achieved a net income of $9.1 million, compared to a loss of $6.3 million last year. Operating income rose to $13.8 million, marking a significant recovery from an operating loss in the previous year. The company also announced a $3 million dividend and renewed its $19 million share buy-back program, reflecting its solid cash flow of $19.0 million for the quarter.
Ituran Location and Control Ltd. (NASDAQ: ITRN) announced the execution of a $25 million share repurchase program, following a previous $6 million buyback in 2019. This decision, made by the Board of Directors, aims to enhance shareholder value and will commence on August 25, 2021. The repurchases will be conducted by its wholly owned subsidiary and funded through available cash, adhering to SEC rules. Eyal Sheratzky, Co-CEO, expressed optimism that the buyback could positively impact shareholder value over the long term.
Ituran Location and Control Ltd. (NASDAQ: ITRN) is set to release its second quarter 2021 results on August 23, 2021. A conference call will follow at 9:00 am Eastern Time, where management will discuss the results and answer investor questions. Participants can join via various dial-in numbers provided for the US, Israel, and internationally. The company specializes in mobility technology and location-based services with a growing subscriber base of nearly 2 million, highlighting its market leadership in Israel and Latin America.
Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that its investment holding, Bringg, has successfully completed a Series E funding round of $100 million, led by Insight Capital. This investment elevates Bringg's valuation to $1 billion, marking it as a unicorn in last-mile delivery technology. Post-investment, Ituran maintains a 17.2% undiluted ownership stake in Bringg. The funds will enhance Bringg's platform and expand its ecosystem in response to growing global demand.
Ituran Location and Control Ltd. (NASDAQ: ITRN) has announced a cash dividend of $0.14 per share, amounting to approximately US$3 million. Shareholders of record as of June 29, 2021, will receive the dividend on July 14, 2021, net of a 25% tax. The Board of Directors confirmed that this distribution will not jeopardize the company's operational capabilities or future plans. Post-distribution, Ituran's retained earnings will be US$122.8 million, with a cash balance of US$64.1 million as of March 31, 2021.
