Company Overview - Ituran Location and Control Ltd. is a leader in mobility technology, providing location-based services including stolen vehicle recovery, fleet management, and mobile asset location services for various industries [4] - The company has a significant presence in Latin America as the largest OEM telematics provider and operates in over 20 countries [4][7] - Ituran has a growing subscriber base of over 2.2 million users since its inception in 1995, with approximately 2,800 employees worldwide [7] Upcoming Financial Results - Ituran will release its second quarter 2024 results on August 19, 2024 [1] - A conference call is scheduled for the same day at 9am Eastern Time, where management will discuss the results and answer investor questions [5] Investor Relations - For those unable to attend the live call, a replay will be available on Ituran's investor relations website the day after the call [3] - Contact information for investor relations is provided, including a US contact number and email [2]

Core Viewpoint - Ituran Location and Control Ltd. has announced a cash dividend distribution of $0.39 per share, totaling approximately $8 million, to be paid on July 2, 2024, to shareholders of record as of June 18, 2024 [1][2]. Financial Summary - The Board of Directors confirmed that the dividend distribution complies with Israeli law and will not affect the company's operational capabilities or future plans [2]. - Retained earnings before the dividend distribution were $208.8 million, which will decrease to $200.8 million post-distribution [3]. - As of March 31, 2024, the company had a cash balance of $54.0 million, with current assets (excluding cash) totaling $130.1 million and current liabilities amounting to $92.9 million [3]. Company Overview - Ituran is a leader in mobility technology, providing location-based services including stolen vehicle recovery and fleet management, primarily in Israel and Latin America [4]. - The company has a subscriber base exceeding 2.2 million and operates in over 20 countries, employing approximately 2,800 people globally [5].

Record revenue and continued strong profitability; reiterates guidance and declares an $8 million dividend for the first quarter of 2024 AZOUR, Israel, May 28, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the first quarter 2024. Highlights of the first quarter of 2024 Guidance for 2024 Overall, looking ahead to 2024, management reiterates its expectations for continued revenue growth and profitability throughout the year. Managem ...

Conference Call Scheduled at 10am ETAZOUR, Israel, May 6, 2024 /PRNewswire/ --  Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its first quarter 2024 results on Tuesday, May 28, 2024.The Company will be hosting a conference call later that day at 10am Eastern Time. On the call, management will review and discuss the results, and will be available to answer investor questions.To participate, please call one of the following teleconferencing numbers. Please begin placing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

MIAMI, April 15, 2024 /PRNewswire/ -- Ituran Location and Control (NASDAQ: ITRN) added $8 million to its dividend pool after a strong Q4, pushing its forward-looking yield to 6%. That attractive yield comes after the company posted record across-the-board financial metrics, including a 9% revenue increase year-over-year to $320 million, net income of $48 million, an increase of 30% year-over-year, and a 10% increase in EBITDA to $87 million. As of last Friday's close, ITRN's market cap is about $521 million ...

Exhibit 99.1 ITURAN PRESENTS FOURTH QUARTER & FULL YEAR 2023 RESULTS Dividend Policy increased by 60% to $8 million per quarter; Company introduces full year 2024 EBITDA guidance of $90-95m and a target to surpass $100m in EBITDA in 2025 AZOUR, Israel – February 29, 2024 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter and full year of 2023. Highlights of Full Year 2023 Highlights of the Fourth Quarter of 2023 Guidance for 2024 Over ...

Exhibit 99.1 ITURAN PRESENTS THIRD QUARTER 2023 RESULTS Growth in subscriber revenue from continued subscriber growth leading to record EBITDA Net subscriber growth in Q3 2023 of 48,000 AZOUR, Israel – November 27, 2023 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2023. Highlights of the Third Quarter of 2023 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are pleased with our third quarter results. The accelerat ...

ITURAN PRESENTS ITS SECOND QUARTER 2023 RESULTS Record revenue contributed from recent strong subscriber growth Net subscriber growth in Q2 2023 of 47,000 AZOUR, Israel – August 15, 2023 – Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2023. Highlights of the Second Quarter of 2023 Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "We are very pleased with the results of the second quarter of 2023, especially with our hig ...

Financial Data and Key Metrics - Q1 2023 revenue was $79.5 million, a 10.3% increase compared to $72.1 million in Q1 2022 [11] - Subscription revenue for Q1 2023 was $55.8 million, an 11% increase year-over-year [11] - Net income for Q1 2023 was $11.4 million, or 14.3% of revenue, compared to $8.7 million, or 12.1% of revenue, in Q1 2022 [12] - EBITDA for Q1 2023 was $20.8 million, or 26.2% of revenue, an 8% increase compared to $19.3 million in Q3 2022 [28] - Cash flow from operations for Q1 2023 was $17.4 million [12] - The company had $33.5 million in cash and marketable securities, with $9.2 million in debt, resulting in a net cash position of $24.3 million as of March 31, 2023 [12] Business Line Performance - The subscriber base reached 2,115,000 as of March 31, 2023, with a net addition of 49,000 subscribers in Q1 (44,000 from the aftermarket and 5,000 from OEM) [11][27] - Product revenue for Q1 2023 was $23.7 million, an 8% increase compared to Q1 2022 [28] - Subscription gross margin reached a record 58.1% in Q1 2023, reflecting improved operating leverage [23] Market Performance - Geographic revenue breakdown for Q1 2023: Israel (51%), Brazil (24%), and the rest of the world (25%) [28] - The Israeli market saw a significant increase in demand for stolen vehicle recovery services, driven by insurance companies [9] Strategy and Industry Competition - The company is confident in its subscriber growth trajectory, expecting to add between 180,000 to 200,000 net new subscribers annually [8] - New verticals, such as finance segments and usage-based insurance (UBI), are contributing to subscriber growth [9] - The company anticipates continued growth in 2023 and beyond, driven by operational leverage and strong performance in traditional aftermarket and OEM businesses [10][24] Management Commentary on Operating Environment and Future Outlook - Management highlighted the positive impact of operational leverage, with new subscribers adding to revenue without significant cost increases [23] - The company expects continued growth in subscription revenue and profitability, supported by its 2 million-plus subscriber base [24] - Despite global economic slowdown concerns, the company remains optimistic about its growth prospects [24] Other Important Information - A dividend of $3 million was declared in Q1 2023 [29] - The company repurchased 54,000 shares for $1.2 million under its share buyback program [29] Q&A Session Summary Question: Can you provide details on the uptick in OEM subscribers this quarter? [32] - The increase in OEM subscribers is attributed to recovery and seasonality, with expectations of continued growth in the coming year [33] Question: Can you discuss operating expenses and strategies to manage them? [15] - Operating expenses are expected to stabilize as revenue growth outpaces cost increases, with operating leverage benefiting margins [34] Question: What is the outlook for subscriber growth in the coming quarters? [43] - The company reaffirmed its guidance of 180,000 to 200,000 net new subscribers annually, driven by growth in new and traditional segments [43] Question: Should we expect a slowdown in fleet management subscriber growth? [46] - While percentage growth may decrease due to the larger subscriber base, absolute growth in fleet management subscribers is expected to continue [46][47] Question: Are there specific sales and marketing projects driving the increase in expenses? [37] - Sales and marketing expenses remained stable, with no significant changes in Q1 2023 [37][38]