Ituran Reports Strong 2024 Financial Results and Increases Dividend

An announcement from Ituran Location And Control ( (ITRN) ) is now available.

On February 26, 2025, Ituran Location and Control Ltd. announced its financial results for the fourth quarter and full year of 2024, reporting revenues of $82.9 million for Q4 and $336.3 million for the full year. The company achieved a net income of $13.8 million for Q4 and $53.7 million for the year, marking significant growth compared to the previous year. Ituran also increased its dividend policy by 25% and expects to significantly boost its subscriber base in 2025, aiming for 180,000 to 200,000 new subscribers. The company continues to experience strong demand for its location-based services, despite currency devaluations affecting reported results.

More about Ituran Location And Control

Ituran Location and Control Ltd. operates in the telematics and location-based services industry, providing products and services such as vehicle tracking and recovery, fleet management, and other location-based solutions. The company primarily focuses on markets in South America and Israel, leveraging advanced technology to offer a wide range of value-added services to its subscribers.

YTD Price Performance: 28.95%

Average Trading Volume: 151,614

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $816M

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