Ituran Location And Control (ITRN) has released an update.
Ituran Location and Control Ltd. reported a robust start to 2024, with a 7% increase in revenue to $85.0 million and a 15% rise in net income to $13.0 million, alongside a growth of 39,000 net new subscribers. The company’s financial stability is emphasized by an $8 million dividend declaration and reaffirmed guidance predicting steady revenue growth, with anticipated EBITDA reaching $90-95 million for the full year. These positive results reflect strong demand and successful strategic initiatives, with management expressing confidence in the company’s trajectory for 2024.
For further insights into ITRN stock, check out TipRanks’ Stock Analysis page.
