Ituran Shows Strong Q3 Growth and Dividend Declaration

Ituran Location And Control (ITRN) has released an update.

Ituran Location and Control Ltd. reported robust financial results for the third quarter of 2024, with a 3% year-over-year revenue increase to $83.5 million and a 9% rise in net income to $13.7 million. The company also expanded its subscriber base by 40,000 to a total of 2.37 million and declared an $8 million dividend, reflecting strong profitability and cash flow. Despite currency fluctuations affecting reported figures, Ituran continues to see strong demand for its location-based services.

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